EasyJet expects a pre-tax loss of up to ?845 million for its fiscal year just ended as coronavirus travel restrictions slam passenger demand, the British no-frills airline said Thursday.
It forecast a loss for the year to September 30 of between ?815 million and ?845 million ($1.04 billion and $1.08 billion), adding that its flight capacity should reach only about 25 percent in the final three months of 2020.
Updating on EasyJet’s first ever annual loss, chief executive Johan Lundgren urged the UK government to do more to support the country’s ailing aviation sector.
“At the beginning of this year, no one could have imagined the impact the pandemic has had on the industry,” Lundgren said in Thursday’s trading update.
“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