EasyJet

Business • Economy
easyJet reports £835 million loss in 2020, worst results in its 25-year history
easyJet reports £835 million loss in 2020, worst results in its 25-year history
Credit: unsplash/Jan Rosolino

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

Business • Economy
EasyJet is "hanging by a thread" due to Covid-19 pandemic, union official says
EasyJet is "hanging by a thread" due to Covid-19 pandemic, union official says
Credit: unsplash.com/Frederick Tubiermont

According to a union official, the impact of the Covid-19 pandemic has left the British low-cost airline group EasyJet "hanging by a thread".

"If easyJet don’t have a good summer and make money next summer, I suspect none of us will have a job this time next year," pilots’ union official Martin Entwisle said in a now leaked recording of an EasyJet staff conference call. Entwisle claimed the information was shared by the company’s chief financial officer, Andrew Findlay, who allegedly warned that the company's situation was "even worse than their worst fears."

"The easiest way to put it is: the company is hanging by a thread," Entwisl added.

EasyJet has denied that Entwisl's comments "reflect what EasyJet or its finance officer said."

Transportation • Air Transportation & Traffic, Flying
EasyJet raises $520 million in share sale
Airbus A320 of EasyJet
Airbus A320 of EasyJet Credit: MercerMJ (Creative Commons Attribution ShareAlike 2.0)

EasyJet raised about $520 million in a share sale, almost 15% of its existing share base, to enable the company to survive for many more months even if air travel does recover in a slower pace than predicted.

The company has said it does not expect passenger demand to come back to pre-pandemic levels until 2023 and is planning to cut up to 4,500 jobs.

Technology • Internet & Web
Easyjet data breach exposes 9 million accounts and 2,208 credit cards
EasyJet plane at London Airport
EasyJet plane at London Airport Credit: unsplash.com/ Elio Santos

The UK airline company claims that it has already "closed off this unauthorised access" and contacted the customers with credit card details taken. Email addresses and travel details were accessed by the cyber-attackers, but not the passport records.

Regional News • Europe • United Kingdom
UK to quarantine air passengers for 14 days
Heathrow Airport Terminal 5
Heathrow Airport Terminal 5 Credit: Heathrow Airport

BBC reports UK airlines have been told the government will impose a 14-day quarantine for anyone arriving in the UK from any country apart from the Republic of Ireland to try to avoid a second peak of the Covid-19 pandemic.

Travellers arriving in the UK will have to provide the address and then self-isolate at a private residence. It is not clear if non-UK residents will be allowed to stay in rented private accommodation.

"We need to see the details of what they are proposing", said Airlines UK, which represents British Airways, EasyJet and other UK-based airlines, in a statement.