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EasyJet said it was able to mitigate the impact of the war in Gaza thanks to capacity growth in areas where demand was rising, and that bookings had recovered since late November
This summer, air traffic control issues are likely to be the weak spot, according to warnings from Eurocontrol, which manages European airspace
Supply chain issues mean both plane manufacturers are struggling to deliver new jets on time, but the CEO said that as one of the world's largest A320 family customers, easyJet was well-placed
Concession highlights continued pressure on easyJet and airlines to agree better terms and wages to retain staff and avert more labour strife after months of disruption since the end of Covid lockdown
Rolls-Royce and easyJet said that they have successfully run an aircraft engine using green hydrogen created by wind and tidal power
The UK discount carrier will now operate at around 87% of pre-Covid capacity in three months ending June 30, increasing to about 90% for its fiscal fourth quarter through September, a statement said
Shares of EasyJet fell as much as 14%, as the company said it will instead raise $2 billion in stock and debt.
Flying has been severely curtailed due to the pandemic over the last 12 months
Bonds of EasyJet Plc and U.K. property manager Hammerson Plc are among the best performers in Europe this year.
EasyJet ticket sales more than quadrupled in the hours after Johnson said Monday that international trips may restart as soon as May 17
The airline has about £2.3 billion in cash to survive an extensive slump and called on the state for further support.
The airline said it expects to have reduced its fleet size by around 51 aircraft to approximately 302 by the end of September.
The airline did not specify how many jobs would go, but some 15,000 were employed at the start of 2020
It also said that following a forensic investigation, it found that the credit card details of only 2,208 people were accessed and that those affected have already been contacted.
The carrier said it would announce new routes and services to and from Tegel in due course
The British couple were due to fly from Luton Airport to Catania in Sicily last week
Says it has been buffeted by 1,061 cancellations so far in the April-June period