EasyJet adding more flights

Flights at airport

The airline was operating at just 30% of its normal capacity. But it is increasing its schedule to 40% as the demand for air travel is increasing.

However, it is adding more flights to cope with increasing demand from holidaymakers.

The airline restarted its flights in June and carried over two million passengers in July.

“Returning to the skies again allows us to do what we do best. And take our customers on much-needed holidays,” said boss Johan Lundgren.

“I am really encouraged that we have seen higher than expected levels of demand with a load factor of 84% in July with destinations like Faro and Nice remaining popular with customers.”

However, the airline was getting more bookings for the remaining summer season. It was performing better than expected. Because of the increasing demand, it has to expand its schedule over the July-to-September quarter to fly at around 40% of normal capacity.

“This increased flying will allow us to connect even more customers to family or friends and to take the breaks they have worked hard for,” he said.

He also mentioned that they were getting more bookings for late summer. However, it was getting bookings for destinations such as Amsterdam and Paris.

Because of this news, EasyJet’s shares increased by around 9% in early trading on Tuesday. However, with the price hovering at around 550p, it is still down almost two-thirds on the 1550p price it stood at in February.

Cost Cutting Plans

In the three months to the end of June, EasyJet made just £7m after grounding its fleet from 30 March because of the coronavirus pandemic.

But costs for the three months were £332.1m, some 79% lower than in the same period in 2019.

The airline did some major restructuring, it had to cut its workforce by up to 30% in order to cut costs.

However, it plans to cut about 4,500 jobs. Moreover, it is closing its bases at Stansted, Southend, and Newcastle airports.

The airline has launched an employee consultation process on the staff reduction and base-closing proposals.

It has also called on the government to temporarily remove Air Passenger Duty to support the recovery of UK aviation.

It said the aviation industry is one of the worst-hit industries by the pandemic. However, it needs government support “across Europe to retain connectivity and a viable airline infrastructure”.

“Without this we risk long term damage to the recovery.”

It said removing Air Passenger Duty would quickly and significantly increase the growth of the number of flights. And more routes will be available in the UK, particularly outside London.

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