EasyJet Plc said it will rein in summer capacity after London Gatwick and Amsterdam Schiphol airports, its two biggest bases, capped flights to help cope with a staffing shortage. The measure is set to push up costs.
The UK discount carrier will now operate at around 87% of pre-Covid capacity in the three months ending June 30, increasing to about 90% for its fiscal fourth quarter through September, according to a statement Monday.
The revised figures are down from 90% and 97% respectively, Bernstein analyst Alex Irving said in a note, adding that the company could suffer an earnings hit