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EasyJet Takes £133 Million Hit on Summer Travel Upheaval

  • Airline expects to operate 90% of 2019 capacity in fiscal 4Q
  • EasyJet reports 3Q revenue of £1.76 billion, beating estimates
Passengers board an EasyJet aircraft at London Luton Airport.

Passengers board an EasyJet aircraft at London Luton Airport.

Photographer: Chris Ratcliffe/Bloomberg
Updated on

EasyJet Plc said disruption to travel driven by staff shortages, soaring demand and caps on airport capacity forced it take a £133 million charge in the fiscal third quarter, while stating operations would now be smoother over the peak summer period. 

The UK low-cost carrier still operated 95% of its planned schedule in the three months through June despite the upheaval, according to a statement on Tuesday. The company expects capacity in the fourth quarter to be about 90% of the same period in 2019, though said it will continue to fine-tune the schedule as required.