EasyJet racks up first ever loss after Covid-19 pandemic slams demand

EasyJet is set to record its first-ever annual loss and is reviewing ways to raise more funds after the pandemic wreaked havoc with the budget carrier’s summer schedule. The UK firm lost as much as $1.1 billion in the year through September, according to a statement on Thursday. 

The airline has about £2.3 billion in cash to survive an extensive slump and called on the state for further support.

“Aviation continues to face the most severe threat in its history and the UK government urgently nee­ds to step up with a bespoke package of measures to ensure airlines are able