The British budget easyJet airline is restoring faster than expected. The airline sees more demand for air travel than previously forecasted since the borders opened in Europe and therefore performs 40% of the normal number of flights in the current quarter. Analysts predicted that no more than 30 percent of flights will be demanded.
In the third quarter of its broken financial year, which ran until June, easyJet achieved a turnover of £7 million. A year earlier, the British budget airline put in the books revenues of a mere 1.8 billion pounds. That massive fall in income also meant loss of 324 million pounds.
Easyjet raised £419 million in June with a stock sale. The company also wants to sell aircraft for about 245 million pounds to lease them back later. With this influx of money, the company hopes to cope with the corona crisis.