Aviation – Easyjet reduces capacity – economy

The British low-cost airline Easyjet is reducing its planned capacity in the current quarter due to the Coronavirus variant Omikron and its first effects on short-haul routes. The Ryanair competitor is now only planning a capacity of 65 percent for the 2018/19 financial year, which was not yet affected by the pandemic. In October, Easyjet announced that it would increase this to 70 percent. This value should now be reached in the second quarter. Looking ahead to the second half of the financial year, company boss Johan Lundgren assumes that capacities in the coming summer, i.e. the fourth quarter of the business year, will be close to the pre-Corona level. Easyjet generated a pre-tax loss of 1.14 billion British pounds in the past financial year, i.e. the equivalent of 1.34 billion euros. The minus was therefore within the range promised by the company.

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