PUBLISHED: 09:59, Tue, Nov 17, 2020 | UPDATED: 10:01, Tue, Nov 17, 2020
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.
easyJet is one of many airlines impacted by the coronavirus pandemic which saw global travel screech to a halt earlier this year.
Today the carrier revealed the first annual loss in its 25-year history of £1.27 billion.
The COVID-19 has seen passenger numbers for the year ending 30 September 2020 decrease by 50.0 percent to 48.1 million down from 96.1 million.
Capacity has plummeted by 27.5 percent to 55.1 million seats down from 105 million.
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easyJet flights: The budget airline is committed to "cash generative flying over the winter" (Image: Getty Images)
easyJet flights: Passenger numbers have decreased by 50.0 percent (Image: Getty Images)
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.