UK’s EasyJet says recovery is underway after 1 billion STG epidemic damage by Reuters

Reuters file photo: On June 4, 2020, an EasyJet Airbus A319 plane was spotted at Luton Airport in the UK. Reuters / Paul Childs / File photo

LONDON (Reuters) – British airline EasyJet said travel had returned and in October-December it would fly 70% of its pre-epidemic capacity, more than planned last month, with the Covid-1 restrictions costing more than বিল 1 billion in 2021.

Holiday demand from winter sun destinations such as Egypt, Turkey and the Canary Islands has gotten customers back hungry, EasyJet (LON 🙂 says business travelers are also booking flights.

“We are excited to see a positive booking momentum for the full year 2022, which has boosted our capacity plan,” said Johan Lundgren, CEO of EasyJet.

That view represents a change from last year where epidemic uncertainty and travel bans will push EasyJet to the expected losses of between 13 1.135 billion (1.5 1.54 billion) and 17 1.175 billion for the 12 months ending September.

The range is at the top of that range with a forecast of a loss of 1.175 billion pounds. Results will be November 30.

Seeking to recover from the epidemic, EasyJet launched a staggering 2 1.2 billion rights issue in September and revealed that it was believed to be Wiz Air, rejecting a sweater’s “opportunistic” bid.

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