EasyJet has referred to as on the British authorities to urgently present airways with a bespoke bundle of assist measures, warning that aviation is dealing with probably the most extreme menace in its historical past.

The airline stated it expects to report a full-year loss for the primary time in its historical past, forecasting a pre-tax lack of between £815m and £845m for the final 12 months.

EasyJet stated it carried over 9 million passengers between July and September, equal to 38% of capability deliberate earlier than the pandemic. It burned by way of virtually £700m in money throughout that interval.

The low-cost provider stated it’s specializing in worthwhile flying in the course of the winter season, working only a quarter of its common schedule between October and the top of the 12 months, as a way to minimise its losses and money burn.

EasyJet stated it had raised greater than £2.4bn in money because the begin of the pandemic, together with a £600m loan from the Treasury and Financial institution of England’s emergency coronavirus fund which it secured in April with its fleet grounded.

Airbus – 1,700 jobs
30 June: The European planemaker introduced plans to cut 15,000 jobs, together with 1,700 within the UK, because it warned the coronavirus pandemic had triggered the “gravest disaster” in its historical past.

Swissport – 4,500 jobs
24 June: Swissport, which handles passenger baggage and cargo for airways, has begun a session course of to make 4,556 workers redundant, greater than half of its 8,500 UK workforce.

Bombardier – 600 jobs
11 June: The Canadian planemaker will cut 600 jobs in Northern Eire, as a part of 2,500 redundancies introduced in June.

Rolls-Royce – 9,000 jobs
3 June: The jet-engine producer has confirmed that 3,000 job cuts, of a deliberate 9,000 worldwide, shall be made in websites within the UK.

easyJet – 4,500 jobs
28 Could: The airline has introduced plans to cut 4,500 employees, or 30% of its workforce, because it ready for decrease demand.

Tui – 8,000 jobs
13 Could: Journey firm Tui plans to chop up to 8,000 jobs worldwide in response to the coronavirus chaos engulfing the tourism business.

Virgin Atlantic – 3,000 jobs
5 Could: Richard Branson’s airline is to cut more than 3,000 jobs, greater than a 3rd of its workforce, and can shut its operations at Gatwick.

Ryanair – 3,000 jobs
1 Could: The Irish airline intends to slash 3,000 roles and scale back workers pay by as much as a fifth.

Aer Lingus – 900 jobs
1 Could: The Irish flag provider, a part of Worldwide Airways Group (IAG), plans to chop 900 jobs.

British Airways – 12,000 jobs
28 April: The UK flag provider plans to make up to 12,000 of its staff redundant, a discount of 1 in 4 jobs on the airline, with cabin crew, pilots and floor workers affected.

Meggitt – 1,800 jobs
23 April: British engineering firm Meggitt plans to shed about 1,800 jobs making elements for business aviation.

Safran – 400 jobs
23 April: French plane seat maker Safran made 400 job cuts at its UK operations, together with a plant in Cwmbran.

Flybe – 400 jobs
5 March: Flybe, Europe’s largest regional airline, collapsed into administration with the lack of greater than 2,000 jobs, lower than two months after a authorities bailout.

EasyJet has described itself as well-positioned to climate the present atmosphere and for its enterprise to get better as soon as authorities journey restrictions are eased.

Nevertheless, the provider has signalled it could want additional monetary assist from the state if flying continues to be disrupted by coronavirus, as first reported by Sky Information.

The airline stated it continues to evaluation its liquidity place frequently and would “proceed to evaluate additional funding alternatives, together with sale and lease backs, ought to the necessity come up”.

Johan Lundgren, easyJet’s chief govt, stated the corporate had taken decisive motion to minimise its losses, scale back money burn and increase its liquidity to face the challenges introduced to aviation by the pandemic.

“Firstly of this 12 months, nobody may have imagined the affect the pandemic has had on the business,” Lundgren stated.

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“EasyJet got here into this disaster in a really sturdy place because of its sturdy stability sheet and constant profitability. This 12 months would be the first time in its historical past that easyJet has ever made a full-year loss”.

EasyJet is within the midst of a restructuring programme, with plans to chop as much as 30% of its workforce and close some of its UK bases together with at Stansted, Southend and Newcastle airports.

It has beforehand referred to as on authorities to assist airways with measures such because the removing of air passenger obligation for a minimum of 12 months.



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