EasyJet confirms 1,400 UK jobs cut as it warns only 10% of flights will run until March
EASYJET has cut 1,400 UK jobs since the start of the coronavirus crisis, the airline confirmed today.
It comes after the company warned of plans to axe 30% of its workforce last May.
EasyJet also expects to operate no more than 10% of its flight programme between January and March due to on-going travel restrictions.
The budget airline said its revenues plunged 88% at the end of last year, with turnover slumping to £165 million.
It flew just 18% of its normal schedule in the three months to the end of December, which saw the second English coronavirus lockdown and tighter curbs on travel.
But the group said it is planning for a surge in "pent-up demand" for travel once restrictions begin to lift and as vaccinations are extended.
The group said it had cut its cash burn to £40 million a week in a fully grounded scenario due to cost-cutting efforts.
Chief executive Johan Lundgren said: "Our performance in the period was in line with management expectations, despite more stringent restrictions coming into place.
"We have taken the right actions to emerge leaner with a reduced cost base, and the retrenchment of legacy carriers at key airports will provide additional opportunities for easyJet."
He added: "The key to unlocking travel is going to be the vaccination programmes combined with governments progressively removing restrictions when it is safe to.
"And, in the meantime, our flexible industry-leading policies mean that customers can make plans and book with confidence."
EasyJet isn't the only airline to have suffered job losses due to coronavirus.
Virgin Atlantic cut another 1,150 jobs in September 2020 despite £1.2billion rescue plan approval.
Gatwick has also announced plans to cut 600 jobs – almost a quarter of its workers due to coronavirus.
Ryanair confirmed that up to 3,250 jobs could be slashed while staff face 20% pay cuts.
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