They have already accepted a £600 million loan, as well as cut 4,500 jobs and sold 608 million in aircraft to keep their heads above water. Nonetheless, Johan Lundgren, EasyJet's Chief Executive Officer, has expressed optimism for the company's future in spite of the setbacks of this unprecedented year. "I am immensely proud of the performance of the EasyJet team in facing the challenges of 2020. We responded robustly and decisively, minimising losses, reducing cash burn and launching the largest Cost Out and restructuring programme in our history – all while raising more than £3.1 billion in liquidity to date," he said in a company announcement. Lundgren went on to say that, "While we expect to fly no more than 20% of planned capacity for Q1 2021, maintaining our disciplined approach to cash generative flying over the winter, we retain the flexibility to rapidly ramp up when demand returns." Despite the brave face, the airline industry in general is suffering badly, and EasyJet has not escaped the fallout.