EasyJet dives into historic loss on virus

AFP

2020/11/18 | 476 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT
EasyJet dives into historic loss on virus © Le Journal de l'Aviation - All rights reserved

EasyJet on Tuesday posted the first annual pre-tax loss in its 25-year history, prompting it to seek more government help as the coronavirus pandemic hammers air travel.The British no-frills carrier suffered a pre-tax loss of £1.27 billion ($1.7 billion, 1.4 billion euros) in its reporting year to September. That contrasted with a year-earlier profit of £430 million.Passenger numbers halved to 48.1 million as Covid-19 travel restrictions slammed demand.Revenue slumped by a similar proportion...(…)

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