18 OCTOBER 2021


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Article from BTNews 18 OCTOBER 2021

EasyJet results

Luton-based easyJet said last week it will fly 70% of its pre-pandemic winter programme as it predicted an all-time loss for the year to the end of September.

CEO Johan Lundgren last week at a financial briefing said that with a reduction of the harsh travel restrictions there is a clear recovery underway.

Whilst firm figures were not available easyJet expects a headline loss of between £1.13bn and £1.17bn for the 12-month period.  The results are due to be confirmed 30 November.

Seeking to boost its finances following Covid-19, easyJet in September launched a surprise £1.2bn rights issue and also revealed that it had rejected an "opportunistic" bid from an unnamed suitor, believed to be rival Wizz Air.

"On a standalone basis, we've been very confident about where we are," Lundren told reporters. 

EasyJet staffing levels are at 12k, down from the 14k pre-pandemic.  Most of its support requirements are undertaken in-house rather than the third-party course taken by some rivals.


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