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.”


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