For the low-cost airline Easyjet, things went anything but good in the first quarter of December 1, 21 - but exactly according to plan.
The financial result in the first quarter was in line with management's expectations, despite heightened uncertainty due to the changing market environment, which resulted in increased travel restrictions across Europe. The number of passengers fell compared to the same period last year by 87 percent to 2,9 million. Revenues fell by 88 percent to the equivalent of 187 million euros. In view of the corona restrictions, the airline will operate a maximum of ten percent of the flights that are actually possible from January to March. The British airline announced on Thursday in Luton. At the same time, Easyjet announced that it would have to put at least 1.400 employees in front of the door. Because the airline is still losing around 45 million euros - per week. "The key to making travel possible again is the vaccination programs combined with the gradual removal of restrictions by governments as soon as it is safe," said Easyjet CEO Johan Lundgren.