Jet2 has reported a loss after tax of £69 million for the six months to the top of September, down from a revenue of £279 million for a similar interval final yr.
The leisure airline and tour operator noticed income fall by practically 90 per cent over the half yr, down from £2.5 billion to £300 million.
Jet2 flew a complete of 1 million single sector passengers within the interval, down from 11 million final yr.
The “uncertainty created by the a number of modifications in UK authorities quarantine steerage” resulted within the group reaching a median load issue of 69 per cent, down from 93 per cent final yr.
After grounding its plane fleet in mid-March, the corporate resumed operations on July 15th as the federal government lifted quarantine restrictions for an accepted record of nations.
Whereas the group mentioned the current optimistic information a few potential vaccine was “welcome”, Jet2 added it remained “cautious” over its method to subsequent summer season.
Nonetheless, present seat capability will probably be near summer season 2019 ranges.
“We now have taken many actions to enhance our out there liquidity over the interval and can proceed to take action, to make sure that we’re greatest positioned to reply swiftly as journey restrictions are modified and buyer confidence recovers,”…