EasyJet has revealed the first annual loss in its 25-year history of £1.27bn – a result of the virus crisis turbulence that grounded airlines globally.
The no-frills carrier said the total loss before tax figure for the year to the end of September compared to profits of £430m in the previous 12 months.
However, it struck a more upbeat tone in Tuesday’s announcement following a slew of downbeat statements during 2020 to date saying it had received a big bookings boost following positive coronavirus vaccine developments last week.
Chief executive Johan Lundgren reported a 50% leap on the back of Pfizer’s revelation that its vaccine had been found to be more than 90% effective in stage three trials.
This article was originally published by Sky.com. Read the original article here.