EasyJet grounded all its aircraft after completing the repatriation flights and announced it was in talks to create a cash buffer to help it with the coronavirus crisis.

The return to scheduled flights will depend on the restrictions imposed by governments as well as on-demand, the British low-cost company announced in a statement.

Airlines around the world are shocked by the Covid-19 pandemic, which has led to a sharp shutdown of travel as countries close their borders in an effort to fight the disease. EasyJet stopped flights and released idle staff to save money, while performing a small number of flights to return citizens to their home countries. Its Irish rival Ryanair Holdings announced last week that it plans to land more than 90% of its aircraft in the coming weeks.

EasyJet said it had completed its repatriation flights on Sunday. Cabin crew will receive 80% of their remuneration thanks to a government program, and the Luton-based company is looking for ways to increase its access to capital. The carrier claims to have a strong financial balance and have no maturity until 2022.

“We are currently in talks with equity providers who understand the strength of our balance sheet and business model”, announced EasyJet.

Since the beginning of the year, EasyJet stocks have fallen by 61%, bringing the market capitalization of the company down to 2.2 billion GBP.

Airlines around the world may be suffering a massive blow to their revenue of 252 billion USD this year because of the pandemic, the International Air Transport Association (IATA) announced. Sector companies have called on governments for “serious action” to keep the industry active.