Easyjet is carefully expanding its flight plan

The uncertainty in the travel industry is immense. The Easyjet boss declares the market unpredictable – but announces a slight recovery in the number of bookings and an expansion of the flight schedule.

An Airbus A320-200 of the Easyjet airline in Berlin-Schönefeld

Dhe British low-cost airline Easyjet is cautiously expanding its flight schedule due to a slight recovery in booking numbers. For the rest of the summer, the offer will be increased to 40 percent from 30 percent of last year’s flight capacity, announced Easyjet on Tuesday. The demand is higher than expected. The airline remains more pessimistic than the competing low-cost airlines. Market leader Ryanair from Ireland wants to take off 60 percent of the previous year’s capacity in August, then 70 percent in September. The small Hungarian company Wizz Air had recently achieved 70 percent.

According to the announcement, Lufthansa also wants to fill 40 percent of last year’s seats again from the end of June to October and bring half of the fleet into the air with more than 380 aircraft. Lufthansa will provide information on the latest status when the quarterly figures are published on Thursday. The French-Dutch group Air France KLM has announced 45 percent of the capacity for the current third quarter, which should increase to 65 percent by the end of the year. From April to June, only twelve percent of the previous year’s flights took off due to the pandemic. The British-Spanish aviation group IAG, parent company of British Airways, Iberia and Aer Lingus, is planning more cautiously with around a quarter of the offer in the third quarter and a good half in the final quarter of the year.

But because the number of corona cases is rising again in several countries, the uncertainty about the development of travel remains high. Vacation destinations in Portugal or France are in demand, but the market remains unpredictable, said Easyjet boss Johan Lundgren. Due to the coronavirus pandemic, EasyJet suffered a pre-tax loss of £ 324.5 million in the three months ended June. From April to June, when air traffic in Europe was largely idle due to travel restrictions, Easyjet burned less money than feared: instead of the one billion pounds initially expected, it was 774 million.

The low-cost airline expects a lower loss for the current fourth quarter of its financial year than in the third. That gave the share, which had been badly hit since the beginning of the year, of more than ten percent.