EASYJET has cut 1,400 UK jobs since the start of the coronavirus crisis, the airline confirmed today.
It comes as the low-cost carrier said it will only run 10% of its flights from now until March due to on-going travel restrictions.
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EasyJet said its revenues plunged 88% at the end of last year, with turnover slumping to £165million.
It flew just 18% of its normal schedule in the three months to the end of December, which saw the second coronavirus lockdown in England and tighter curbs on travel.
But the airline said it expects a surge in travellers once restrictions lift and as vaccinations continue to be rolled out.
The group said it has reserves of £40million a week to keep the business afloat in the event of being fully grounded.
Coronavirus job cuts in the travel industry
THE travel industry has been severely impacted by the coronavirus crisis as fewer people head abroad:
- British Airways announced plans in April 2020 to cut up to 12,000 members of staff. More than 6,000 workers have applied for voluntary redundancy, according to an update from the airline in August 2020.
- Ryanair confirmed that up to 3,250 jobs could be slashed in an announcement on May 2020, while staff face 20% pay cuts.
- TUI warned 8,000 jobs could go in an update in May 2020, which would amount to 30% of its entire workforce.
- easyJet announced plans to axe around 4,500 jobs in May 2020 as part of plans to reduce its workforce by 30%.
- Virgin Atlantic confirmed it has cut around 4,125 jobs in an update in September 2020. It comes despite billionaire boss Richard Branson securing a £1.2billion rescue deal.
- Jet2 said it’s making 102 pilots redundant in an update in August 2020 after talks aimed at saving jobs failed.
- Flybe collapsed into administration on March 5. The airline had been losing money for several months but coronavirus was understood to have had a severe impact on bookings.
- Gatwick Airport said it will cut 600 jobs in August 2020 – around a quarter of its workforce – due to coronavirus.
- Heathrow Airport asked 2,500 people to accept pay cuts in September 2020, or half may lose jobs.
- City Airport revealed plans to cut 239 jobs in September 2020.
The latest update from EasyJet comes after the company warned of plans to axe up to 30% of its 15,000 workforce last May.
At the time, it was reported that up to 4,500 members of staff could lose their jobs.
A spokesperson for the airline today told The Sun it has no further plans for more redundancies in the UK.
The majority of UK-based pilots also now have seasonal contracts, the airline confirmed, while the majority of staff are currently on furlough.
EasyJet has also finished its cost-cutting process in Spain, Portugal, the Netherlands and Switzerland.
Agreements have been finalised in Germany, while discussions have now begun in France and Italy.
EasyJet isn’t the only airline to have suffered job losses due to coronavirus, with the whole travel industry experiencing a crippling slump in sales.
British Airways has previously warned 12,000 roles could go, with the airline confirming in September 2020 that 6,000 staff had taken voluntary redundancy.
Ryanair has warned up to 3,250 jobs could be slashed, while Virgin Atlantic confirmed it has cut around 4,125 jobs in an update in September 2020.
It comes despite billionaire boss Richard Branson securing a £1.2billion rescue deal.
EasyJet chief executive Johan Lundgren said: “Our performance in the period was in line with management expectations, despite more stringent restrictions coming into place.
“We have taken the right actions to emerge leaner with a reduced cost base, and the retrenchment of legacy carriers at key airports will provide additional opportunities for easyJet.”
He added: “The key to unlocking travel is going to be the vaccination programmes combined with governments progressively removing restrictions when it is safe to.
“And, in the meantime, our flexible industry-leading policies mean that customers can make plans and book with confidence.”
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Gatwick has also announced plans to cut 600 jobs – almost a quarter of its workers due to coronavirus.
Ryanair confirmed that up to 3,250 jobs could be slashed while staff face 20% pay cuts.