easyJet losses continue for H1 2021

EasyJet has reported a pre-tax loss for the six months to end of March of £701million – in line with expectations – as revenue fell 90% to £240million due to the drop in passenger numbers. Passenger numbers for the reporting decreased by 89.4% to 4.1 million, on the back of an 85% decline in capacity to 6.4 million seats, representing 14% of H1 2019 capacity levels. EasyJet’s passenger load factor decreased by 26.6 percentage points to 63.7% during the H1 2021 period. The UK low-cost carrier stated that it was “encouraged by the reopening of travel across much of Europe and will maximise opportunities for