easyJet expected to fly at a maximum of 20 percent capacity in the first quarter of 2021. The budget airline is committed to “cash generative flying over the winter.” It hopes to “ramp up” capacity once demand resumes.
Passenger revenue decreased by 54.0 percent.
On this, easyJet said in its report today: “The key driver of this was government travel restrictions in most of the markets where easyJet operates, including full national lockdowns during Q2 which led us to ground the entire easyJet fleet for 11 weeks.
“Whilst there was some recovery in demand as travel restrictions eased during the summer, widespread quarantine measures introduced in September once again eroded demand and consumer confidence to travel.”
The low-cost carrier remains confident for the future, however.
Commenting on the results, Johan Lundgren, easyJet Chief Executive said: “While we expect to fly no more than 20 percent of planned capacity for Q1 2021, maintaining our disciplined approach to cash generative flying over the winter, we retain the flexibility to rapidly ramp up when demand returns.
“We know our customers want to fly with us and underlying demand is strong, as evidenced by the 900 percent increase in sales in the days following the lifting of quarantine for the Canary Islands in October.
“We responded with agility adding 180,000 seats within 24 hours to harness the demand.”
So what does all this mean for holidaymakers?
An easyJet spokeswoman told Express.co.uk: “Any customers whose flights are cancelled will be notified in advance and informed of their options which include transferring their flights free of charge, receiving a voucher or a refund.”