after the UK lifted travel restrictions earlier this year. That’s created a new set of challenges as the company struggles to ramp up capacity and deal with renewed Covid-19 outbreaks among staff.
“EasyJet has seen a strong recovery in trading which has been sustained, resulting in a positive outlook for Easter and beyond,” chief executive officer said in the statement, with “booking volumes for summer currently tracking ahead of those at the same time in FY19”.have had to cancel flights over the Easter holiday period, with airports also contending with resource and staffing shortages.
The other major challenge has been fuel prices, which have surged since the Russian invasion of Ukraine. EasyJet said it had hedged 64 per cent of its fuel requirements for the six months ending in September at $571 per metric ton, about half of the market price. – Bloomberg
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