EasyJet carried 17.3 million passengers in the fourth quarter of the interrupted financial year – 58 percent from the same period in 2019. The airline spoke in a statement Tuesday about the “positive momentum.”
The British budget fighter’s financial year runs from October 1 to September 30. Therefore, the fourth quarter of 2020/21 referred to July, August and September. EasyJet compares today’s figures with those of two years ago, when there was still no crown.
While travel restrictions were still in place, particularly in his home country of Great Britain, the fourth quarter saw “stronger performance” than in recent quarters, particularly on connections and flights between Europe within the UK, he says. The airline.
Financially, things are looking up with easyJet too. Net debt has dropped from two billion pounds (2.35 billion euros) in the third quarter to 900 million pounds. This happened “in part thanks to a successful £ 1.2bn rights issue.” However, the 2020/21 fiscal year will result in heavy losses for easyJet. The accountants are currently calculating all the results and will release the final figures later, but the company estimates in advance a loss, before tax, of between 1.135 million and 1.175 million pounds.
The company is positive towards 2022. “It is clear that the recovery continues. We see more business travelers from medium and large companies return to easyJet, attracted by our pricing, networking and sustainability policy. We also see a recovery in the number of trips to the city, ”said Johan Lundgren, easyJet CEO, in the statement.
“After successfully completing our rights offering and strengthening our balance sheet, we are in an excellent position to capitalize on strategic investments and growth opportunities, thereby creating solid value for our shareholders,” said Lundgren.
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