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  "notes": "Page 117 of easyJet Annual Report and Accounts 2024.",
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      "text": "net cash position: £181 million",
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      "text": "HEDGING: easyJet minimises cash flow and income statement volatility by hedging its largest financial exposures. The Committee monitored the hedging activity on an ongoing basis...",
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      "text": "CUSTOMER PAYMENTS: The Committee reviewed the Group's position with credit card acquirers and the trends in the payment industry.",
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      "text": "LIQUIDITY: The Committee continued to monitor the Company's liquidity during the year, including where cash balances were held. easyJet has a clear policy of holding liquidity of at least Unearned Revenue plus £500 million...",
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      "text": "OTHER MATTERS: The Committee reviewed the counterparty credit limits... The Group finishes the year in a strong financial position with a net cash position of £181 million and a strong liquidity position of £5.1 billion. The Committee reviewed easyJet's credit rating and noted the upgrade of rating from Moody's from Baa3 to Baa2 in February 2024.",
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      "text": "FUNDING: The Committee reviewed and recommended to the Board the refresh of the Company's EMTN Programme... The transaction itself was more than four times oversubscribed and easyJet managed to achieve a coupon of 3.75%.",
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      "text": "AIRCRAFT: During the year, the Committee also received an update on aircraft lease extensions which had been approved by the Board in February 2024.",
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