Easyjet bookings plunge 99.6% with fears the company may go bust

The airline said just 117,000 passengers used it in the three months to June 30th, a near-100% plunge on the same period in 2019.

And revenue which was £104 million for this time last year has been a shocking £7 million.

Just 10 aircraft were operated running 709 flights, down from 315 aircraft running 165,656.

Nearly 1300 of its UK crew members and 727 UK-based pilots are reportedly at risk of redundancy and the airline warned back in May that up to 30% of its 15,000 strong workforce could be cut as it grapples with the fallout from the pandemic.

And Easyjet’s bases at Southend, Newcastle and Stansted may be permanently closed.

The root cause is the coronavirus with flights cancelled throughout the pandemic and then people not wanting to fly now due to restrictions and issues such as being fined for mask misuse in foreign countries.

Chief executive Johan Lundgren said: “I am really encouraged that we have seen higher than expected levels of demand with load factor of 84% in July with destinations like Faro and Nice remaining popular with customers.

“Our bookings for the remainder of the summer are performing better than expected and as a result we have decided to expand our schedule over the fourth quarter to fly c.40% of 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.”

Easyjet’s share price has also plummeted 65% since the pandemic started in March 2020.

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