BCN-07 UK airline EasyJet posts first annual loss on virus

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BCN-07

HEALTH-VIRUS-BRITAIN-AVIATION-EARNINGS-EASYJET

UK airline EasyJet posts first annual loss on virus

LONDON, Nov 17, 2020 (BSS/AFP) – British no-frills airline EasyJet on Tuesday posted the group’s first ever annual pre-tax loss as a result of the devastating impact of the coronavirus pandemic on global air travel.

EasyJet said it suffered a pre-tax loss of œ1.27 billion ($1.7 billion, 1.4 billion euros) in its year to September, the first loss in its 25-year history. That compared with a year-earlier net profit of œ430 million.

BSS/AFP/MSY/1330 hrs