EasyJet will cut the fleet in Italy, all the details
EasyJet reduces aircraft in Italy to survive the Covid-19 crisis. Facts and numbers
Against the Covid-19 crisis, EasyJet reorganizes its activities in Italy. The low cost airline, which has always focused on the Italian market, has decided to reduce the fleet of aircraft based in Milan Malpensa, Venice Marco Polo and Naples Capodichino.
Let's go step by step.
ANNOUNCEMENT OF REORGANIZATION
EasyJet is ready to start a process of reorganizing operations in Italy to cope with the impact of the pandemic. Everything will happen within the times and in the ways provided for by law, as the company itself has written to trade unions, employees and the main partners and service providers in the Italian market.
The objective is to guarantee the economic and financial sustainability of the company in the changed market context.
THE BASES INVOLVED
The three national bases, Milan Malpensa, Venice Marco Polo and Naples Capodichino, will be involved in the reorganization. Easyjet intends to reduce its fleet by 9, bringing the number of aircraft based in Italy from 36 to 27. In particular, EasyJet intends to increase the airplanes based in Milan Malpensa from 22 to 21, from 7 to 4 those based at Naples airport and from 7 to 2 those based at Venice airport.
ITALY KEY MARKET
Despite the reduction in aircraft, Easyjet is keen to underline the importance of the Italian market. "Italy remains a key market", states the country manager Lorenzo Lagorio, "but without a structural reduction in costs and support for the sector by the institutions, the possibility of a real recovery in the sector is precluded".
EASYJET FOCUSED ON OPTIMIZING THE NETWORK
The decision to reorganize the activities in Italy depends on the willingness of the low cost airline to optimize its network to "guarantee the profitability of its bases in all countries to cope with the continuous and uncertain evolution of the market".
OBJECTIVE: ENSURE EASYJET FUTURE IN ITALY
"We have constantly invested in the Italian market in the past years, arriving to transport over 20 million passengers to and from Italian airports in 2019", underlined Lagorio, adding: "Now, however, we must partially downsize our investments, also to reflect expectations on the drastic and structural reduction in demand. It is a difficult choice, but necessary to ensure the long-term sustainability of easyJet's business on the Italian market ”.
ITALY: ONE OF THE MAIN EUROPEAN MARKETS
On the other hand, the Italian market is important for the company's business.
"Despite the very worrying picture that the industry as a whole is facing, I want to strongly reiterate easyJet's commitment to our country which is, and remains, one of the airline's main European markets and where we will continue to be. one of the main operators, leader in national and international connections. We continue to cry out for a decisive intervention by the Italian government with measures that protect the sector as a whole and favor the recovery of air traffic ”, concluded Lagorio.
THE EASYJET ACCOUNTS
The Covid crisis, with the various national lockdowns, has brought the company's accounts to their knees, which recorded the first red since its birth. The low cost company closed the fiscal year, as at 30 September, with a pre-tax loss of 1.27 billion pounds (1.41 billion euros). The company posted a profit of 430 million gbps last year. The pre-tax loss was instead equal to 835 million pounds, against the positive result of 427 million pounds last year.
Revenues showed a decline, to 3.01 billion pounds compared to 6.39 billion in 2019. They more than halved. Total revenue per seat fell 10.6% to £ 54.35, with aircraft load factor dropping 4.3 percentage points to 87.2%.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/easyjet-tagliera-la-flotta-in-italia-tutti-i-dettagli/ on Wed, 25 Nov 2020 14:49:43 +0000.