Dow Jones Newswires: EasyJet to cancel flights and cut costs as coronavirus hits demand

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European budget carrier easyJet PLC said Friday that it will cancel some flights and launch cost-cutting measures as the coronavirus outbreak has hit demand in Italy and other European markets.

The company EZJ, -4.19%  said it has experienced a significant weakening of demand and load factors into and out of its northern Italian bases, as well as slower demand across its other European markets following increased incidents of Covid-19 cases in northern Italy.

The company said it is adapting its flying program to support demand. The canceled flights are particularly those into and out of Italy, easyJet said.

It is too early to determine what the impact of coronavirus will be on the company’s outlook for the current year, it said.

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