First Annual Loss in 25-year History for EasyJet but Vaccine News Gives Hope: Report

File photo shows a large number of easyJet aircraft parked on the tarmac of the Geneve Aeroport, in Geneva, Switzerland, on March 30, 2020. Salvatore Di Nolfi/Keystone via AP

British airline easyJet has posted its first full-year loss in its 25-year history due to the CCP virus pandemic but laid out hope that the rollout of vaccines will help it bounce back strongly next year.

On Tuesday, the airline reported (pdf) a pre-tax loss of £1.27 billion ($1.7 billion) for the year up to September as passenger numbers halved to 48.1 million.