easyJet revenues take off with nearly 3,000 per cent increase as new flights launch
A UK airline has announced that its revenues have increased by nearly 3,000 per cent across the last year.
easyJet revealed today that revenues across the past quarter - to June 30 - have risen to £212.9m, up by 2,866 per cent compared to the same period last year, which saw revenues of £7.2m.
The company said that the increase is due to the lifting of Covid-19 restrictions, with capacity up by 17 per cent on last year.
It has also launched a slew of new flights, with 12 new UK domestic routes added and around 30 other routes across Europe.
Johan Lundgren, CEO of easyJet, said: “During this quarter we have successfully managed through the continued challenges of the pandemic, using our operational responsiveness to capture demand while focusing on cost control and minimising cash burn.
“We have used our existing strengths like our network with renewed purpose - pivoting capacity to Europe where we saw the strongest demand and the very way we have approached the challenges that we faced means we have adapted and built back stronger for the future.
“As a result, we will emerge from the pandemic with longer-term wins along-side baked in sustainable cost reductions, responding effectively and in ways our competitors don’t or can’t.
“This is all underlined by our proven business model, low fares, unrivalled network and brand trust which will be crucial going forward.
“So, while we know the road to recovery from the pandemic isn’t going to be a straight line, we are ready to compete using these new-found strengths with everything we have learned leaving a long-term, positive imprint on the airline, transformed ready for the post-pandemic era.”
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