UK airlines have called for tax breaks and other measures to help them through the crisis as well as an airport testing regime for Covid-19 to shorten the 14-day quarantine rule, which now applies to most European countries. With travel at very low levels, most European airlines are bleeding cash. But it's still burning through cash, and while it says bookings for next summer are strong, the future remains deeply uncertain. © 2021 BBC. Like pretty much every other carrier right now, it's navigating through some very stormy skies. Easyjet is putting a brave face on it, but these figures illustrate just how tough life in the aviation industry is right now. The carrier grounded its entire fleet on 30 March as Britain went into a lockdown before returning to the skies with only a very limited schedule in the middle of June. The low-cost carrier has reported a loss before tax of £1.27 billion for financial 2020 as the Covid-19 pandemic rips through the aviation industry. RTÉ.ie is the website of Raidió Teilifís Éireann, Ireland's National Public Service Media. Brands & Company Reports. Annual Report 2020 Download PDF ; 20F Statement 2020 Download PDF ; XBRL 2020 Annual Report 20-F Download PDF ; Annual Report 2019 Download PDF ; 20F Statement 2019 Download PDF ; XBRL 2019 Annual Report 20-F Download PDF ; Annual Report 2018 Reports Presentations Webcasts Transcripts; 2019 Annual report and accounts: 2019 interactive report: Full year results statement: FY 2019 pre close trading statement: Half year results statement: Q3 2019 Trading Update: Q1 2019 Trading Update easyJet generation. EasyJet said ongoing travel restrictions meant it would fly just 25% of planned capacity for the rest of 2020 and into 2021, behind Ryanair which is aiming for 40% in … This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by easyJet plc. At such levels and with no recovery in sight, EasyJet's finances will continue to remain under pressure. However, chief executive Johan Lundgren said: "Aviation continues to face the most severe threat in its history and the UK government urgently needs to step up with a bespoke package of measures to ensure airlines are able to support economic recovery when it comes.". LONDON, Oct 8 ― British airline easyJet warned today its first ever annual loss could be as much as £845 million (RM4.54 billion) as the pandemic meant it was flying just 25 per cent of planned capacity. Posted:9 December 2019. In the period of consideration, easyJet's total revenue presented a trend of continuous growth. Its shares have lost 62% of its value so far in 2020. IAG Final Results 2020. © RTÉ 2021. Monday, Feb 22, 2021. Read about our approach to external linking. This statistic illustrates the operating profit of easyJet plc from 2009 to 2020. Key figures and rankings about brands and companies Hopes of a rapid recovery after the lockdown were dashed when the government introduced quarantine restrictions on arrivals from abroad. In the UK, airlines have called for tax breaks and other measures to help them through the crisis as well as an airport testing regime for Covid-19 to shorten Britain's 14-day quarantine rule, which now applies to most European countries. The continued drive to improve our customer experience has been reflected in the record passenger numbers and load factors we have had over the past four years Bernstein analyst Daniel Roeska said EasyJet was managing the downturn well, but like all airlines needed a recovery to come in 2021 as "absent this, the industry will face an existential threat. 'We women are pushed out of work because of childcare' Video, 'We women are pushed out of work because of childcare', 'I was pretty sure it was something from outer space' Video, 'I was pretty sure it was something from outer space', Ghislaine Maxwell's jail conditions 'are torture', Human remains found in Sarah Everard search, Morgan stands by Meghan criticism after GMB exit. On 19 May 2020, the company revealed that it had been the subject of a cyber-attack resulting in the release of the personal information of 9 million customers. The airline said it expected to sink into a pre-tax loss of between £815m and £845m in the current financial year. EasyJet has warned it faces losses of more than £800m this year and that it expects to fly at just 25% of normal capacity into next year. The airline will formally report its annual results for the year ending September on 17 November. The BBC is not responsible for the content of external sites. Over the summer peak , the airline was still able to operate at 38% capacity - but its expectations for the final three months of the year are clearly very limited. EasyJet has already announced it it cutting up to 4,500 jobs, or almost one third of its staff, mirroring moves by airlines worldwide. EasyJet said ongoing travel restrictions meant it would fly just 25% of planned capacity for the rest of 2020, behind Ryanair which is aiming for 40% in October. Shareholder news. EasyJet plc: annual revenue 2009-2020 EasyJet's revenue in the UK 1.1bbn GBP However, due to the coronavirus pandemic in 2020, the total revenue dropped to … OUR BOARD easyJet’s Board has been further strengthened this year by the We will launch in the UK before Christmas, selling holidays for winter 2019 and summer 2020. With air travel at very low levels because of the coronavirus pandemic, most European airlines are losing money, and EasyJet's larger rival Ryanair has called this winter a "write-off". Maximum one free child per room. Morgan stands by Meghan criticism after TV exit, Questions raised over missing Tanzanian leader. easyJet plc is registered with the U.S. Security and Exchange Commission . Around 20 million customers per year fly with easyJet to Europe’s largest leisure destinations, but only 0.5 million book accommodation with us. It said it might have to do more. NEW AER LINGUS CHIEF EXECUTIVE. Friday, Feb 26, 2021. The post Results for year ended 30 September 2020 … EasyJet said ongoing travel restrictions meant it would fly just 25% of planned capacity for the rest of 2020, behind Ryanair which is aiming for 40% in October. In its trading update for the year ending September 30th, 2020, budget-carrier easyJet says it expects losses to amount to between £815 ($1.05 billion) and £845 million ($1.1 billion). The U.K. discount airline entered 2020 with one of the strongest balance sheets in the industry, and ... EasyJet reported an annual … Its chief executive Johan Lundgren today called for Britain to "step up with a bespoke package of measures" to help airlines. The Annual General Meeting will be held on Wednesday, 23 December 2020. Annual Reports & 20F Statements. Covid-19 pushes EasyJet to annual loss of £1.27 billion Updated / Tuesday, 17 Nov 2020 09:25 Easyjet had never before made an annual loss in its 25 year history The airline will formally report annual results on November 17. EasyJet, whose net debt soared to £1.1 billion from £326m this time last year, said it was focused on flying profitably to conserve cash and that had helped it reduce cash burn in its fourth quarter compared with the third. NHS nurses have slammed the government's proposal of a 'pitiful' 1 per cent pay rise after Rishi Sunak warmed Britain will be paying off Covid debts for decades. "EasyJet will continue to review its liquidity position on a regular basis and will continue to assess further funding opportunities, including sale and lease backs, should the need arise," the airline said. easyJet reports first ever annual loss 17 November 2020 easyJet has reported a loss before tax of £1.27 billion for financial 2020 as the Covid … ", On EasyJet specifically, he said: "On current liquidity, the company needs air travel to start recovering for Easter or summer 2021 at the latest; failing that, we would be wary of a further capital raise.". On Wednesday, the UK government said it was looking at ways to reduce the quarantine with a report due in early November. It forecast a loss for the year to September 30 of between £815 million and £845 million ($1.04 billion and $1.08 billion), adding that its flight capacity should reach only about 25 percent in the final three months of 2020. Low-cost carrier heads for first annual loss in 25-year history as UK industry braces for hard Covid winter ... Wednesday, 24 June, 2020. Easyjet revenue for the twelve months ending September 30, 2020 was $0M, a NAN% increase year-over-year. George Floyd death: How will jurors be selected? easyJet holidays: Free Child Places on easyJet holidays: One free child place for every two full paying adults sharing accommodation is available on selected holidays departing between 1/4/22 and 31/10/22, where you see the ‘Free child place’ label, subject to availability. This will be the first annual loss the airline has reported in its 25-year history. British Airways financing update. EasyJet's capacity figure for the key July-September months was 38%. Holocaust guard found unfit to stand trial at 96, Six years jail for man who breached Trudeau estate, Cassette tape inventor Lou Ottens dies aged 94, 'World's best airport' warns of prolonged crisis, Rolls-Royce to raise billions in Covid-lifeline, the UK government said it was looking at ways to reduce the quarantine. Additional Information As at 23 November 2020, being the date of publication of the Notice … This is worse than analysts' forecasts of a £794m loss. In 2019/2020 it provided GP665 million of buyer financing support to assist UK -based manufacturers and MRO providers. homepage / Stelios says / easyJet: 2019 annual report and accounts / / / / / date: 08 March 2021. Meghan's passport and other oddities explained, Abducted, shackled and forced to marry at 12, 'I was pretty sure it was something from outer space' Video'I was pretty sure it was something from outer space', Ghislaine Maxwell's jail conditions 'are torture'1, Human remains found in Sarah Everard search2, Morgan stands by Meghan criticism after GMB exit3, Where do Harry and Meghan get their money?4, Meghan's passport and other oddities explained5, Holocaust guard found unfit to stand trial at 966, Six years jail for man who breached Trudeau estate7, Biden’s $1.9tn Covid relief passes US Congress8, Questions raised over missing Tanzanian leader9, Cassette tape inventor Lou Ottens dies aged 9410. To survive the pandemic so far, EasyJet has taken a £600m loan from the government, cut 4,500 jobs, raised £608m from selling aircraft and tapped shareholders for £419m. The US government has now spent more than $5tn on recovery efforts during the pandemic. EasyJet's statement said it would "continue to review its liquidity position on a regular basis and will continue to assess further funding opportunities, including sale and lease backs, should the need arise". It is understood that no formal request has been made, but an EasyJet source said the airline "would keep all its funding options open" as it enters what could be a difficult winter trading period. "Removing cost from the business is a key management priority and will position EasyJet to emerge from the pandemic in an even more competitive position for the long term," the company said. Thursday, Feb 25, 2021. Special Reports. RTÉ is not responsible for the content of external internet sites. Easyjet annual revenue for 2019 was $8.151B, a 2.74% increase from 2018. Financial statements and reports for easyJet plc (EZJ) Ordinary 27 2/7p including annual reports and financial results for the last 5 years. EasyJet said ongoing travel restrictions meant it would fly just 25% of planned capacity for the rest of 2020, behind Ryanair which is aiming for 40% in October. 9 Oct 2020 by Mark Caswell. Easyjet set to report first annual loss in carrier's history. The figure easyJet reports first ever annual … According to its annual report, its largest risk concentration is in aerospace, accounting for 27% of its total amount at risk as at 31-Mar-2020. Where do Harry and Meghan get their money? Holidaymakers are booking at a "very late stage" and demand for destinations is shifting rapidly due to ever-changing quarantine rules, EasyJet added. 17-Dec-2020 | Uncategorised. Sky News has reported that EasyJet has signalled to the government that it may need more financial support. Annual Report and Notice of Annual General Meeting 09:08:31 23 Nov 2020 - EASYJET PLC - News article - Regulatory News Service VideoSyria: Two women, 10 years on. The headline loss before tax forecast for the year ended September 30 of £815-845m was worse than the loss of £794m expected by analysts, Refinitiv Eikon data showed. There was no reference about needing state aid in the trading statement. The carrier has already taken a £600m loan from the government, cut 4,500 jobs, raised £608m from selling aircraft and tapped shareholders for £419m. Easyjet annual revenue for 2020 was $3.839B, a 52.9% decline from 2019. easyJet: 2019 annual report and accounts. The UK’s largest airline has published its annual report and accounts for the year ending September 2019. In 2020, easyJet uplifted only 48.1 million passengers. Results for year ended 30 September 2020. EasyJet plc: annual revenue 2009-2020; EasyJet plc: annual revenue by region 2018-2020; Easyjet passenger transport volume 2013-2020; Jeju Air's ancillary revenue 2017-2019, by type 'We women are pushed out of work because of childcare' Video'We women are pushed out of work because of childcare', The questions used to screen Chauvin trial jurors, Syria: Two women, 10 years on. EasyJet's larger low-cost rival Ryanair has called this winter a "write-off". Easyjet annual revenue for 2018 was $7.934B, a 24.04% increase from 2017. The UK government said it was looking at ways to reduce the quarantine with a report due in early November. Sky News reported on Wednesday that the airline had warned government ministers it could need further financial support. The airline has signalled to the UK government it may need more financial support, according to media reports. Click on the link below to read more.--> We have a clear focus on building strong relationships with customers to create more sustainable, long-term revenues leveraging quality, innovation and digital. Read about our approach to external linking. It will be the first time EasyJet, which was founded in 1995, has ever made a full-year loss. Financial and operational publications … "At this stage, given the continued level of short-term uncertainty, it would not be appropriate to provide any financial guidance for the 2021 financial year," it added. Easyjet has shored up its finances by taking on loans, selling and leasing back part of its fleet and doing cost-cutting deals with its staff. EasyJet 'hanging by a thread', says union official, Almost 900 airport job cuts blamed on Covid-19, Biden’s $1.9tn Covid relief passes US Congress. Although the airline said in a trading update it had taken tough action to cut costs, the warning underlines the continuing challenges for the industry. 28 January 2020: Annual Report and Accounts 2019: Latest News. Annual Report 2010-11 Annual Report 2009-10 Annual Report 2008-09 Date Type Description; 06/24/2021: Earnings: easyJet PLC Second Quarter Earnings Results for 2021: 11/23/2020: Misc: easyJet PLC Annual Report for 2020: 11/17/2020 Meáin Náisiúnta Seirbhíse Poiblí na hÉireann. UK airline EasyJet has warned today that its first ever annual loss could be as much as £845m as the pandemic meant it was flying just 25% of planned capacity. Latest press releases. easyJet PLC Add to myFT. EasyJet said ongoing travel restrictions meant it would fly just 25% of planned capacity for the rest of 2020 and into 2021, behind Ryanair which is aiming for 40% in October. The annual loss will be the first in EasyJet's 25-year history. Who truly was the most dishonest president? In June 2020, EasyJet announced their intention to resume flights, flying half of their routes in July 2020 and up to 75 per cent in August 2020, though with reduced frequency. Read our Annual Report 2020.