© Reuters. FILE PHOTO: Official opening of the new Berlin-Brandenburg Airport in Schoenefeld
LONDON (Reuters) – EasyJet plunged to a 1.27 billion pound ($1.68 billion) loss in the 12 months to the end of September, showing the extent of the impact of the pandemic on the British low-cost airline which had never before made an annual loss in its 25 year history.
With travel at anaemic levels during the second wave of the virus in Europe, easyJet (LON:) said quarterly cash burn, a key metric watched by investors, improved to 651 million pounds from 774 million pounds in the previous period.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.