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EasyJet left behind by Ryanair and Wizz Air

2021-10-12T17:45:19.060Z

The English low-cost company suffers from the difficulties of business travel. It will be necessary to wait until November 30 to know in detail the financial results of EasyJet. But the company gave the first indications on its financial health on Tuesday. For the 2020-2021 fiscal year ended at the end of September, it expects losses of between 1.1 and 1.2 billion pounds (between 1.3 and 1.4 billion euros). The air carrier, in the red for the first time in its history in 202



It will be necessary to wait until November 30 to know in detail the financial results of EasyJet.

But the company gave the first indications on its financial health on Tuesday.

For the 2020-2021 fiscal year ended at the end of September, it expects losses of between 1.1 and 1.2 billion pounds (between 1.3 and 1.4 billion euros).

The air carrier, in the red for the first time in its history in 2020 (more than 1 billion losses), has therefore not raised the bar.

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Its managing director, Johan Lundgren, wanted to be reassuring: “

During the quarter

(the fourth, editor's note)

, easyJet considerably increased its flights, which allowed us to be the second largest airline to operate in Europe this

month.

summer

. "

But the comparison with other low cost companies is cruel.

Of course, they also lose money, but much less.

In the 2020-2021 financial year, Ryanair, which is the largest European air carrier, was in the red at 815 million

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Source: lefigaro

All business articles on 2021-10-12

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