The low-cost carrier has reported a loss before tax of £1.27 billion for financial 2020 as the Covid-19 pandemic rips through the aviation industry. The figure compares to a profit of £430 million last year.
The decision follows from France, Germany and the UK in recent day to reintroduce stricter measures to tackle growing numbers of cases of Covid-19.
easyJet has raised £305 million in fresh liquidity following the sale and lease back of a number of aircraft. The low-cost carrier confirmed arrangements for nine aircraft with two counterparties this morning.
Low-cost carriers in Europe are reacting to a second wave of Covid-19 across the continent and the associated travel restrictions and quarantine requirements.
The low-cost carrier expects to report a headline loss before tax in the range of £815 to £845 million for financial 2020. Final results will be issued in mid-November, with no dividend expected.
Icelandair and easyJet have entered into a partnership agreement with Icelandair joining Worldwide by easyJet, a flights connections platform.
The low-cost carrier said it will cut flying capacity in response to the ever-changing quarantine restrictions imposed by the UK government. Seven Greek islands were earlier removed from the UK safe list.
easyJet has reported revenue of just £7 million for the three months to June 30th, down an astonishing 99.6 per cent when compared to the £1.76 billion for the same period last year.
easyJet has announced it will operate a new route to the Greek island of Santorini, becoming the first airline to fly the route from London Luton Airport this summer.
The protests – which will take place in Newcastle, Southend tomorrow and at Stansted – come after staff voted in favour of a no confidence ballot in easyJet chief operating officer Peter Bellew.
The airline will resume flying to more summer destinations from the UK, including across Italy, France, Spain, Turkey, Greece, Montenegro, Croatia, the Balearics and the Canary Islands.