Jet2 has reported a loss after tax of £69 million for the six months to the tip of September, down from a revenue of £279 million for a similar interval final 12 months.
The leisure airline and tour operator noticed income fall by practically 90 per cent over the half 12 months, 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 12 months.
The “uncertainty created by the a number of adjustments in UK authorities quarantine steering” resulted within the group reaching a median load issue of 69 per cent, down from 93 per cent final 12 months.
After grounding its plane fleet in mid-March, the corporate resumed operations on July 15th as the federal government lifted quarantine restrictions for an accredited record of nations.
Whereas the group stated the latest optimistic information a couple of potential vaccine was “welcome”, Jet2 added it remained “cautious” over its method to subsequent summer time.
Nevertheless, present seat capability shall be near summer time 2019 ranges.
“We’ve got taken many actions to enhance our accessible liquidity over the interval and can proceed to take action, to make sure that we’re finest positioned to reply swiftly as journey restrictions are modified and buyer confidence recovers,” defined a press release.
“Regardless of these tough selections, we are going to proceed to take each step essential to protect money and improve liquidity to make sure each Jet2.com and Jet2holidays are outfitted to cope with this most difficult of buying and selling environments and likewise finest positioned for a return to operations in a secure monetary place, to the good thing about all stakeholders.”
