Major European low-cost airline claims billion-dollar loss due to pandemic

One of the largest airlines in Europe, the British low-cost airline EasyJet, reported its first annual loss in its 25-year history (up to September 2020 inclusive) in the amount of £835 million ($1.1 billion) due to the consequences of the coronavirus pandemic.

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This became known from the airline’s report published on Tuesday, November 17.

“EasyJet not only coped with the consequences of the pandemic but now it has a solid foundation, thanks to which it will decisively emerge from the crisis,” said airline CEO Johan Lundgren, noting that EasyJet plans to use no more than 20% of its capacity in the first quarter 2021 year.

According to Lundgren, the only hope is in favorable test results for the COVID-19 vaccine. He added that EasyJet is flexible enough to respond to changes in demand if more people start booking flights.

In 2019, 96 million passengers used the airline’s services. However, following the quarantine in the UK, the company has suspended most flights. From 15 June, EasyJet began serving selected destinations within the United Kingdom.

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