EasyJet posts 88% drop in revenue and slashes flights
Europe’s second-largest discount carrier hunkers down as pandemic travel curbs wipe out flight demand
28 January 2021 - 17:28
London — EasyJet said on Thursday it expects to fly at no more than 10% of normal capacity during the current quarter and withheld guidance for the year as it waits for coronavirus travel clampdowns to lift.
Europe’s second-largest discount carrier posted an 88% revenue drop for the three months through December, according to a statement on Thursday. It’s focused on holding down costs and remaining flexible to take advantage of a rebound when it comes...
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