EasyJet | Common News Update

Nov172020 by adminNo Comments

Easyjet posts first annual loss in 25-year history

World

British airline easyJet has posted its first full-year loss in its 25-year history as a result of the coronavirus pandemicBy PAN PYLAS Associated PressNovember 17, 2020, 10:13 AM• 3 min readShare to FacebookShare to TwitterEmail this articleLONDON -- British airline easyJet has posted its first full-year loss in its 25-year history as a result of the coronavirus pandemic but laid out hope that the rollout of vaccines will help it bounce back strongly next year.The airline reported Tuesday a pretax loss of 1.27 billion pounds ($ 1.7 billion) for the year through September as passenger numbers halved to 48.1 million. The summer was particularly tough, with the airline flying just 38% of its planned capacity during the peak holiday season.Last year, the group had made a profit of 430 million ...

Oct82020 by adminNo Comments

EasyJet to make first annual loss in its history

Business

EasyJet has warned it faces losses of more than £800m this year and that it expects to fly at just 25% of normal capacity into next year.The annual loss will be the first in EasyJet's 25-year history.Although the airline said in a trading update it had taken tough action to cut costs, the warning underlines the continuing challenges for the industry.Sky News has reported that EasyJet has signalled to the government that it may need more financial support.There was no reference about needing state aid in the trading statement.However, chief executive Johan Lundgren said: "Aviation continues to face the most severe threat in its history and the UK government urgently needs to step up with a bespoke package of measures to ensure airlines are able to support ...

Sep82020 by adminNo Comments

EasyJet cuts capacity as virus fears knock passenger confidence

Business

EasyJet has warned it expects to operate a weaker flight programme than hoped for in the coming months because of a series of coronavirus pressures.The no-frills airline said it had to focus on "profitable flying" as the wider industry bids to recover from the COVID-19 lockdown that has resulted in thousands of job losses to date. The company called on the government to implement targeted support for the sector through measures including Air Passenger Duty (APD) cuts and "more predictable" quarantine operation following customer chaos to beat implementation deadlines. In its statement to the City, easyJet said it was clear that passenger confidence had taken a hit.It also cited evolving pandemic-related restrictions across Europe. ...

May282020 by adminNo Comments

Coronavirus: EasyJet plans up to 4,500 job cuts

Business

EasyJet is to cut up to 30% of its workforce as it struggles to cope with the collapse in demand for air travel caused by the coronavirus pandemic.The airline did not say exactly how many jobs would go, but it employed 15,000 people at the start of 2020.Pilots' union Balpa reacted angrily, describing the move as an "ill-considered knee-jerk reaction".EasyJet, which has big operations at Gatwick and Luton airports, confirmed it would restart flights on 15 June. However, it said that levels of market demand seen in 2019 were not likely to be reached again until 2023.It added that in the coming days, it would launch an employee consultation process on the planned job cuts.It grounded its entire fleet in March as global travel came to a near-halt.'Difficult d...

Mar302020 by adminNo Comments

EasyJet grounds all flights due to coronavirus

Business

EasyJet has grounded its entire fleet of aircraft due to the coronavirus pandemic.In a statement to the London Stock Exchange, the no-frills carrier said it completed its final rescue flight on Sunday and was now about to place its cabin crew on a two-month leave of absence. The airline said: "As a result of the unprecedented travel restrictions imposed by governments in response to the coronavirus pandemic and the implementation of national lockdowns across many European countries, easyJethas, today, fully grounded its entire fleet of aircraft. ...