Business

EasyJet forecasts up to £730 mil first-half loss

CEO welcomes UK govt’s confirmation that international travel on track to resume in mid-May

Updated 5 years ago · Published on 14 Apr 2021 11:30PM

EasyJet forecasts up to £730 mil first-half loss
British airline EasyJet’s CEO says the carrier has ‘the operational flexibility to rapidly increase flying and add destinations to match demand’. – AFP pic, April 14, 2021

LONDON – British airline EasyJet today said it expects a pre-tax loss of up to £730 million (RM4.1 billion) in the first half of its fiscal year as the Covid-19 pandemic heavily weighs down the global aviation sector.

It expects a pre-tax loss of between £690 million and £730 million in the first six months to the end of March, according to a trading update.

Looking ahead, EasyJet chief executive Johan Lundgren said he welcomes the United Kingdom government’s confirmation that international travel is on track to resume in mid-May. 

“We have the operational flexibility to rapidly increase flying and add destinations to match demand,” said Lundgren. – AFP, April 14, 2021

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