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.

www.easyjet.com

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum