Pandemic pushes EasyJet to annual loss of 1.27 billion pound



© 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.

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