EasyJet losses deepen as virus impact felt
EasyJet saw its losses deepen in the first half of its fiscal year as coronavirus-related cancellations began to hit operations. In the six months that ended March 31, just after lockdowns were imposed across much of Europe, the airline posted a net loss of GBP324m. Passenger numbers slid 7.4%, mostly due to the pandemic, as the airline said it benefitted from less competition due to the bankruptcy of package holiday operator Thomas Cook. Revenues, however, rose by 1.6% to GBP2.4b. The effects of the coronavirus will be much more marked in the April through June quarter as airlines across the world have been forced to ground most of their planes due to travel restrictions imposed by governments.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-06-25/unaligned/easyjet-losses-deepen-as-virus-impact-felt
https://portal.staralliance.com/cms/logo.png
EasyJet losses deepen as virus impact felt
EasyJet saw its losses deepen in the first half of its fiscal year as coronavirus-related cancellations began to hit operations. In the six months that ended March 31, just after lockdowns were imposed across much of Europe, the airline posted a net loss of GBP324m. Passenger numbers slid 7.4%, mostly due to the pandemic, as the airline said it benefitted from less competition due to the bankruptcy of package holiday operator Thomas Cook. Revenues, however, rose by 1.6% to GBP2.4b. The effects of the coronavirus will be much more marked in the April through June quarter as airlines across the world have been forced to ground most of their planes due to travel restrictions imposed by governments.<br/>
