EasyJet plc (EZJ)

easyJet revenue jumps in Q3

easyJet lost £3.5m per day between April and June 2021.

Britain’s biggest budget airline said on Tuesday that its revenue for the third quarter of its financial year amounted to £212.9 million, surging 2,866% from £7.2 million achieved in 2020 at the height of the COVID-19 pandemic.

The number of easyJet (LON:EZJ) flights in the three months jumped 3,381% year on year to 24,682, and the number of passengers climbed from 117,000 in the third quarter of 2020 to 3 million. Total headline loss hit £531.2 million, worsening by 50.1% from £354 million a year earlier.

Johan Lundgren, chief executive of easyJet, said: “During this quarter we have successfully managed through the continued challenges of the pandemic, using our operational responsiveness to capture demand while focusing on cost control and minimizing cash burn.”

Not Investment Advice Note: Views expressed are those of the writer. The author does not own any stocks mentioned. The article is information, not advice. Share prices can rise and fall. Past returns are not a guide to the future. Please do your own research.

Join the conversation