British low-cost airline Easyjet is expanding its range of flights more than initially planned. However, it will be some time before all the planes are back in the air.
After the deep red numbers of the Corona crisis, the British low cost airline Easyjet is increasing its flight offer more than expected. “Our bookings for the rest of the summer are developing better than expected,” CEO Johan Lundgren said on Tuesday when he presented the quarterly figures in Luton, near London.
In the current business quarter until the end of September, Easyjet will probably offer 40% of the flights initially planned. Until now, management had only forecasted 30 percent capacity.
The long flight layover in the third quarter of business until the end of June, however, plunged the low-cost airline into the red. With Easyjet traffic falling 99.6% to 709 flights from the same period last year, sales fell by the same amount from 1.76 billion to just seven million pounds (7.8 million euros).
Before taxes and special items, Easyjet recorded a loss of around £ 325m, following a profit of £ 174m a year earlier.
Easyjet doesn’t dare to forecast
CEO Lundgren also expects red numbers for the important summer quarter. However, the loss will likely be less than in the quarter just ended.
The budget airline’s financial year ends at the end of September. But so close to the end, management was unwilling to make a financial forecast due to the great uncertainty over the further development of the coronavirus pandemic.