EasyJet lost £ 3.5million per day until spring 2021 Business News

Britain’s largest low-cost airline lost £ 3.5million a day between April and June 2021, with passenger numbers well below pre-pandemic levels.

But in its business update for the third quarter of its fiscal year, easyJet said the overall loss of £ 318million before tax – representing £ 40 per second – was as expected.

The carrier claims to have “maintained its disciplined approach to capacity and cash management.” Net debt is broadly stable at around £ 2 billion.

The number of passengers was less than 3 million, with only 66% of the seats occupied – up from about 93% before the pandemic.

Even in its busiest June, capacity was only a sixth of 2019 levels.

In anticipation of the peak summer months of July, August and September, easyJet says it will carry up to 60% of pre-pandemic traffic.

Johan Lundgren, Managing Director of easyJet, said: “We have used our existing strengths as our network with a renewed purpose – by pivoting capacity to Europe where we saw the greatest demand. “

He told BBC Today that two-thirds of income came from mainland Europe, up from 50% before the pandemic.

“The UK has had some of the toughest travel restrictions,” he said.

“We know people want to fly, we know they want to travel. It is about lifting the restrictions.

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This notice was published: 2021-07-20 07:24:50

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