The worst parts of this week’s annual results have already been trailed – but what a terrible year it’s been
No flights, no planes, no crew, no fares – November! Late autumn is, even on easyJet’s standard aviation calendar, quite the worst time of any year, but 2020 has been something else.
On Tuesday, the airline unveils its annual results from what it can only hope are the depths of the Covid-19 abyss. A trading update last month warned on much of the misery – losses of up to £845m, not counting “non-headline items” such as a £145m bad bet on fuel hedging, and the immediate £120m cost of laying off about a third of its staff. The cash burn of around £50m a week over summer “compared favourably” with the previous three months, it said.
Continue reading...from World news | The Guardian https://ift.tt/3kEgVpm
0 Comments