EasyJet urges action as revenues slump and visibility fades

Airline's finances were significantly strengthened earlier this month through a $1.87bn loan

EasyJet said it has no performance visibility beyond March.

UK low-fares airline EasyJet has called on European governments to establish a timeline plan for the easing of Covid travel restrictions after suffering an 88% fall in first-quarter revenue and saying it has no performance visibility past March.

EasyJet — Ryanair’s chief rival across European air routes — posted revenues of £165m (€187m) for the three months to the end of December, the first quarter of its financial year.