Easyjet revenue falls by 88%

EasyJet suffered another grim quarter at the end of 2020 with revenue down by almost 90% but the budget airline said it was holding on for a surge in traveller numbers later this year if restrictions ease. The airline’s revenues for the last three months of 2020 fell by 88% year-on-year to £165m. That matched an 87% decline in passenger numbers to just 2.9 million, The Guardian reported.

Based on current travel restrictions in the markets in which we operate, easyJet expects to fly no more than c.10% of Q2 2019 capacity for the second quarter of the 2021 financial year, airline stated.

During Q1 easyJet flew 18% of FY2019 capacity.

Easyjet’s press release also states that, this summer easyJet is opening seasonal bases in Malaga and Faro, following the successful opening of seasonal Palma base in 2016.

easyJet announced in December that it plans to expand its largest base, at London Gatwick, with additional aircraft, new routes and higher frequencies.  Having recently obtained further slots in a trade with Norwegian, easyJet will increase its fleet at London Gatwick by four additional aircraft for Summer 2021.  These aircraft will serve new routes including AberdeenBilbao and Cagliari for next summer, as well as more frequent flying on existing domestic and international routes.  easyJet now expects to offer 107 destinations from London Gatwick across 28 countries from summer 2021 and base 71 aircraft there.

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