Low-cost airline Easyjet has warned that its first annual loss could amount to $ 1.1 billion as it flies at just 25% of planned capacity due to restrictions imposed to stop the spread of the pandemic. In the last 12 months, the number of passengers has decreased by 50% to 48 million, and capacity has decreased by 48% to 55 million seats.

To survive the crisis, Easyjet borrowed $781 million from the government, fired 4,500 employees, sold aircraft and received $545 million from shareholders.

Image
easyjet aircraft
Category

Similar Bookmarks

Stonehenge (UK)
Stonehenge (UK) - Located in Wiltshire, the prehistoric monument is nearly 5,000…
Book a Hotel in Bhubaneswar
Enjoy views of Bhubaneswar city from the luxury hotels with your family and friends. Book a hotel…
Front Facade
The Angel Hotel is a leading best hotel in Gurgaon near Medanta that offers an array of amenities,…
Air New Zealand
Air New Zealand launches Mystery Breaks: passengers pay a flat fee to book an…
hotels in gariahat kolkata
Being a best budget hotel in Gariahat, South Fern accomodates reasonable…