EasyJet warns it is set to lose £845m due to coronavirus pandemic in its first ...

EasyJet warns it is set to lose £845million due to coronavirus pandemic in its first ever annual loss Group is braced for pre-tax losses of between £815 million and £845 million It blamed the coronavirus pandemic for its first ever loss in its history  Chief executive Johan Lundgren said 'Government urgently needs to step up'

By Dan Sales For Mailonline

Published: 08:33 BST, 8 October 2020 | Updated: 08:38 BST, 8 October 2020

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Low-cost airline easyJet is set for its first ever full-year loss of £845 million, due to the effects of the coronavirus pandemic.

The group said it was braced for underlying pre-tax losses of between £815 million and £845 million for the year to September 30 after seeing passenger numbers halve.

Luton-based easyJet said losses reached between £295 million and £325 million in its fourth quarter, which were lower than those in the previous three months when planes were grounded during the lockdown.

It said finances were being kept under review and "assess further funding opportunities" amid reports that it has warned the Government it may need further financial support if the pandemic continues to batter demand.

The group has signalled in talks with Whitehall that it may need a state loan or other form of financial aid, according to Sky News.

EasyJet said that it is facing losses for the first time in the budget airline's history

EasyJet said that it is facing losses for

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