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Jet2 warns of substantial loss owing to Covid crisis

Operators
James Chapple
27 April 2021

Jet2 plc says it expects to post a loss of between £375 million to £385 million for the full year to 31 March 2021 owing to the Covid crisis.

Jet2 Jet2holidays Aircraft Web.jpg

New routes include Rome, Malta, Chambery and Prague

This compares to 2019/20 full-year group profit of £264.2 million said the airline and operator in a trading update issued on Tuesday (27 April).


The firm said it took swift and decisive action to raise nearly £1 billion in additional liquidity to mitigate the effects of the pandemic, as well as to limit cash burn and preserve funds.


"As a result, our liquidity position is strong," said Jet2. It also said current booking trends were strong for winter 2021/22 and summer 2022, and that customers were likely to continue booking much closer to departure in the short-term.