easyJet Expects the Coming Summer to be Really Good

easyJet said that Omicron variant will still have a short-term impact on air travel. Lundgren said that unlike other airlines, easyJet is adding capacity and not retrenching. It is worth noting that the airline had bolstered its balance sheet with a 1.2 billion pound rights issue in September, 2022.

Highlights

  • easyJet, a low-cost United Kingdom (U.K.) based airline expects the coming summer to make a big difference on the airline’s operations.
  • The airline said that ease in travel restrictions to beautiful summer beach destinations such as Spain, Turkey, and Greece has spurred the demand for flight travel upwards.
  • It is worth noting that the airline had bolstered its balance sheet with a 1.2 billion pound rights issue in September, 2022.

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easyJet

easyJet, a low-cost United Kingdom (U.K.) based airline expects the coming summer to make a big difference in the airline’s operations. The airline said that ease in travel restrictions to beautiful summer beach destinations such as Spain, Turkey, and Greece has spurred the demand for flight travel upwards. This is because the Omicron threat has been lifted a little in the country.

Johan Lundgren, Chief Executive Officer (CEO), easyJet, said, “We see a strong summer ahead, with pent-up demand that will see easyJet returning to near 2019 levels of capacity with UK beach and leisure routes performing particularly well.”

However, being realistic, the airline said that the Omicron variant will still have a short-term impact on air travel. Lundgren said that, unlike other airlines, easyJet is adding capacity and not retrenching. It is worth noting that the airline had bolstered its balance sheet with a 1.2 billion pound rights issue in September 2022.

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Tanay hails from Bilaspur, Chattisgarh and is a sports and fitness enthusiast. Reading and writing is something which comes to him out of love for the web of magic that words can create.

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