EasyJet Falls as U.K. Carrier Cuts Capacity, Drops Guidance
- Discounter reins in seating plan on latest quarantine moves
- Estimate of smaller loss abandoned amid passenger confusion
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EasyJet Plc fell as much as 8.2% after the latest U.K. curbs on international travel forced the discount carrier to slow the build-up of its summer flight schedule.
Britain’s biggest discount airline, which had been been planning to fly at 40% of normal capacity in its current fourth quarter, now expects to operate at slightly less than that, it said in a statement on Tuesday. Coronavirus cases are on the rise in some European countries including important holiday destinations like Greece, France and Spain.