Business • Economy
2020-11-17T10:00:01+00:00

easyJet reports £835 million loss in 2020, worst results in its 25-year history

British multinational budget airline easyJet has reported a £835 million loss in the year to 30 September 2020, compared to £427 million in profits in 2019. Due to the Covid-19 pandemic, both easyJet's revenue and passenger numbers declined by approx. 50%,

"I am immensely proud of the performance of the easyJet team in facing the challenges of 2020. We responded robustly and decisively, minimising losses, reducing cash burn and launching the largest cost out and restructuring programme in our history – all while raising more than £3.1 billion in liquidity to date," so chief executive, Johan Lundgren

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