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EasyJet posts £701 million half-year loss

Operators
James Chapple
20 May 2021

EasyJet has posted a first-half (six months to 31 March) pre-tax headline loss of £701 million, but is hopeful of a strong recovery from next month with the Covid crisis in mainland Europe expected to ease.

The Bilbao-bound aircraft left Manchester after 2.30pm on Sunday (7 August) but had to divert back following the incident as a precaution

The airline’s passenger numbers fell 89% in H1 to just 4.1 million; it current expects to operate at around 15% of 2019 capacity in the third-quarter, but said it had flexibility to quickly put more flights on to capitalise on travel opportunities during the lucrative summer months of Q4.


EasyJet is expecting capacity to increase from June onwards as travel restrictions on the continent ease, although it said the constant chopping and changing of travel restrictions in response to incidence of Covid-19 infection would likely result in the airline operating with lower than optimal load factors.