Easyjet to Operate More Flights to Europe Until December, After $1.5 Billion Financial Loss

British airline EasyJet plans to operate more flights in European countries between now and December, after suffering financial losses of more than one billion pounds due to the state of the Corona virus pandemic.

Such an announcement was made by the airline, while asserting that it aspires to fly 70 percent of pre-pandemic levels during the last quarter of this year, TheSchengen.com reports.

According to the airline, destinations such as the Canary Islands, Turkey and Egypt were very popular, while easyJet CEO Johan Lundgren confirmed that capacity will continue to increase through 2022.

“It is clear that recovery is underway,” Lundgren noted.

Because of the current coronavirus situation, the airline suffered between 1.135 billion pounds ($1.54 billion) and a total of 1.175 billion pounds for the 12 months to the end of September.

However, Lundgren also stressed that “while mergers and acquisitions were something all CEOs looked at, easyJet was focused on organic growth.”

“On an independent basis, we were very confident in our place,” he noted, as reported by Reuters.

The company, which operates in nearly 156 airports in 33 European countries, many of them in Europe, also announced that it plans to take advantage of strategic investment and growth opportunities.

As several countries began to ease the entry ban imposed in order to stem the spread of the Coronavirus, there was a noticeable increase in the number of passengers during the month of September.

TheSchengen.com previously reported that Ryanair Holdings PLC and Wizz Air Holdings PLC reported increased passenger numbers during the month of September.

According to the report, the airline carried a total of 10.6 million passengers over the past month. This data shows that the numbers more than doubled compared to the same period the previous year when air traffic was 5.2 million.

Even amid the pandemic, some airlines have been able to continue operating successfully.

The COVID-19 pandemic has severely affected the aviation industry, erasing two decades of global passenger traffic growth in just two months. Although financial support has been provided to the entire industry, airlines are on the verge of bankruptcy, while some have already ceased operations,” a statement previously published by Statista noted.

Based on the same source, the following airlines also recorded a significant increase in the number of passengers during the month of September; Ryanair, EasyJet, Lufthansa Group, Air France-KLM, IAG, Aeroflot Group, Turkish Airlines, Wizz Air, Turkish Pegasus Airlines and S7 Airlines.

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Source: schengenvisainfo.com

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