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,”