easyJet posts full year loss

easyJet has posted a full year pre-tax loss of £1.273bn, compared to a profit of £430 million in 2019. The board of easyJet has cancel dividend payments for this year in light of the loss. Revenue at the airline fell by 52.9% to £3bn from £6.385bn a year ago. Total airline revenue per seat decreased by 10.6% to £54.35 compared to £60.81 in 2019. Due to the impact of COVID-19, passenger numbers for the year ending September 30, 2020 decreased by 50.0% to 48.1 million compared to 96.1 million in 2019. Full year capacity decreased by 47.5%, with a 4.3