Easyjet foresees losses in 2020 close to 1 billion euros

October 08, 2020 15:00

The British airline Easyjet has warned that it could close 2020 with an annual loss of 845 million pounds (931 million euros) due to the drastic fall in its activity as a result of the coronavirus pandemic. This will be the first year in the history of the airline in which it will close with annual losses.

In view of the announced losses, Easyjet CEO Johan Lundgren has asked the British government for a "package of measures" to stimulate airlines. So far, according to Reuters, Easyjet has done the following to weather the current circumstances:

  • They received a loan of 600 million pounds from the government
  • Cut 4,500 jobs
  • Raised 608 million pounds through the sale of planes
  • Obtained 419 million pounds from shareholders

The British company, which fell 0.5% this morning on the London Stock Exchange, has accumulated a drop of 63% from January to October 2020. In 2019, its shares rose 28%. In 2018, they fell 24.5% after appreciating 45.6% in 2017. In 2016, it sank more than 40%.

Source: Admiral Markets MetaTrader 5. Easyjet CFD Daily Chart. Data range: September 6, 2019, to October 8, 2020. Prepared on October 8, 2020, at 12 noon. Keep in mind that past returns do not guarantee future returns.

The fall in Easyjet shares this morning contrasts with the strong rises that the large airlines have led after it became known that the president of the United States, Donald Trump, intends on approving new aid to this sector:

  • United Airlines and American Airlines closed last night with a rise of more than 4% on the stock market
  • The British Hispanic airline IAG, a commercial partner of American Airlines, soared this morning on the Madrid Stock Exchange more than 7%
  • Germany's Lufthansa was up more than 3%
  • France's Air France KLM was also up more than 3%

With Admiral Markets UK Ltd you can trade with any of these companies in two ways: acquiring their shares directly or through Contracts for Difference (CFD), a product that allows you to take advantage of both bullish and bearish movements. Click on the following banner for more information:


The data provided provides additional information on all analyzes, estimates, forecasts, forecasts, market reviews, weekly outlooks or other evaluations or similar information (hereinafter "Analysis") published on the Admiral Markets website. Before making any investment decisions, pay close attention to the following:

1. This is a marketing communication. The content is posted for informational purposes only and should not be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and is not subject to any prohibition on pre-dissemination of investment research.

2. Each investment decision is made by each client alone, while Admiral Markets UK Ltd (Admiral Markets) will not be liable for any loss or damage arising from such a decision, whether based on content or not.

3. In order to protect the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for the prevention and management of conflicts of interest.

4. The analysis is prepared by an independent analyst, Carolina Caro, SEO implementer (hereinafter "Author") based on personal estimates.

5. While all reasonable efforts are made to ensure that all sources of content are reliable and that all information is presented, as much as possible, in an understandable, timely, accurate, and complete manner, Admiral Markets does not guarantee accuracy. or integrity of any information contained in the Analysis.

6. Any past performance or modelling of the financial instruments indicated in the content should not be construed as an express or implied promise, guarantee, or implication of Admiral Markets for any future performance. The value of the financial instrument may rise and fall, and the preservation of the asset's value is not guaranteed.

7. Leveraged products (including contracts for difference) are speculative in nature and may generate profit or loss. Before you start trading, make sure you fully understand the risks.

Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.