EasyJet, which operates out of Gatwick Airport has revealed the first annual loss in its 25-year history of £1.27bn - a result of the virus crisis turbulence that grounded airlines globally.
The no-frills carrier said the total loss before tax figure for the year to the end of September compared to profits of £430m in the previous 12 months.
However, it struck a more upbeat tone in Tuesday's announcement following a slew of downbeat statements during 2020 to date - the latest just 11 days ago that it expected to operate only 20% of services during the current winter.
EasyJet said it had received a 50% leap in bookings following positive coronavirus vaccine developments last week when Pfizer revealed that its candidate had been found to be more than 90% effective in stage three trials.
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