UK airline EasyJet dives into historic loss on virus ...Qatar

EasyJet on Tuesday posted the first annual pre-tax loss in its 25-year history, prompting it to seek more government help as the coronavirus pandemic hammers air travel. The British no-frills carrier suffered a pre-tax loss of £1.27 billion ($1.7 billion, 1.4 billion euros) in its reporting year to September. That contrasted with a year-earlier profit of £430 million. Passenger numbers halved to 48.1 million as Covid-19 travel restrictions slammed demand. Revenue slumped by a similar proportion to stand at £3.0 billion, EasyJet said in a results statement. It added that it plans to fly no more than 20 percent of normal capacity during its current first quarter ending on December 31. But chi

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UK airline EasyJet dives into historic loss on virus ...Qatar

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