The carrier raised liquidity through a new five year loan off $1.87 billion.

It's backed in part by the British government and should ease concerns over its finances as travelers stay at home.

Like most airlines, easyJet had hoped to see a recovery the spring, but countries including Britain are now back in lock down on that is likely to delay any recovery by several months, easyJet said.

The new loan improved its debt situation it plans to repay and council on earlier credit facility of $500 million and term loans of about $540 million.

The British carrier has made numerous efforts to survive the pandemic.

It's let go of 4500 staff so far as shareholders for cash and sold dozens of its aircraft.

It did not rule out even Mawr action in a statement on Monday.

The new loan was underwritten by a number of banks.