Britain’s largest price range airline misplaced £3.5m per day between April and June 2021, with passenger numbers approach under pre-pandemic ranges.
However in its buying and selling replace for the third quarter of its monetary yr, easyJet mentioned the £318m headline loss earlier than tax – representing £40 per second – was in keeping with expectations.
The service says it has “maintained its disciplined strategy to capability and money administration”. Web debt is broadly flat at round £2bn.
Passenger numbers have been under 3 million, with solely 66 per cent of seats stuffed – in contrast with round 93 per cent earlier than the pandemic.
Even in its busiest month of June, capability was solely one-sixth of 2019 ranges.
Waiting for the height summer time months of July, August and September, easyJet says it should fly as much as 60 per cent of pre-pandemic visitors.
Johan Lundgren, chief government of easyJet, mentioned: “We now have used our present strengths like our community with renewed function – pivoting capability to Europe the place we noticed the strongest demand.”
He instructed BBC Radio 4’s Right now programme that two-thirds of income was from continental Europe, in contrast with 50 per cent earlier than the pandemic.
“The UK has had a number of the hardest journey restrictions,” he mentioned.
“We all know folks need to fly, we all know they need to journey. It’s all in regards to the unwinding of restrictions.”