The budget airline EasyJet Airline has lost more than £1.2billion.

Reporting on financial figures to thits first year the Company confirmed its first losses in its twenty five history

The airline also confirmed that its staff reduction of 30% has been completed without having to make any compulsory redundancies

It’s flying capacity will remain at 20% for the final months of the year.

The airline saw its revenues half as its number of passengers also sank by 50% over the same period on the back of stay-at-home orders, quarantine policies and other Covid-related restrictions.

EasyJet’s CEO said the company was on track to benefit from a recovery phase.

“We also know the attraction to the brand in terms of the trust it generates for customers, and also, the value for money that we represent gives a good foundation and bounce back strongly when the recovery comes,”


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