Easyjet losses top £2 billion in two years as fears about air travel grow

- Advertisement -


I

asyjet lost £1.13 billion as the pandemic took its toll on the low-cost airline, with the latest Covid version raising further concerns for investors and the broader industry.

- Advertisement -

The company says that bookings for the first half of next year are ahead of those before the emergence of Kovid. But it acknowledges that “many uncertainties remain” and it is impossible to say exactly what effect Omicron will have on European travel.

- Advertisement -

CEO Johan Lundgren said:

“EasyJet is moving through the pandemic anew by transforming business by optimizing our network and flexibility, delivering significant cost savings, as well as transforming ancillary revenue.

- Advertisement -

“In summary, we remain aware that many uncertainties remain as we navigate the winter, but we remain optimistic about the opportunity for EasyJet to win customers and take market share from rivals in this period.” Let’s see a unique opportunity.”

The loss for the year, while spectacular, is somewhat better than the city feared. Revenue declined 52% to £1.45 billion.

There has been a loss of more than £1 billion in 2020 after a loss of £1.27 billion.

Easyjet shares opened today at 502p. They were 680p a year ago.

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox