Easyjet warns of £800million loss as it calls for 'urgent' help from the government - News Summed Up

Easyjet warns of £800million loss as it calls for 'urgent' help from the government


Bosses have called for "bespoke" help for the airline sector amid reports the company told Whitehall it may need further financial support if the pandemic continues to batter demand. Johan Lundgren, chief executive of easyJet, said: "This year will be the first time in its history that easyJet has ever made a full-year loss. EasyJet flew just 38% of its planned capacity between July and September - normally the peak summer holiday season. It is expecting to fly only about 25% of its planned services in the quarter to the end of December. It comes after MAG, the owner of Manchester, Stansted and East Midlands airports announced almost 900 job cuts on Wednesday.


Source: Daily Mirror October 08, 2020 15:23 UTC



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