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EasyJet slumps to £1.3bn loss as Covid forces it to cut flights

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Airline to run 20% of flights for rest of 2020 but says vaccine news has boosted bookings

EasyJet has slumped to a £1.3bn full-year loss, the first in its 25-year history, but said bookings had been boosted by positive news on Covid-19 vaccines.

Johan Lundgren, the airline’s chief executive, said sales had surged by 50% last week, compared with the prior week, after the US drugmaker Pfizer and the German biotech firm BioNTech announced their coronavirus vaccine.

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