Tourist bookings to Egypt from Britain rise... EasyJet increases capacity to 70%

Tourist bookings to Egypt from Britain rise... EasyJet increases capacity to 70%

Low-cost airline EasyJet announced its intention to raise capacity to about 70% of 2019 levels during the current quarter after the easing of travel restrictions in the United_Kingdom led to a rise in bookings.

The company said, in a statement, that it was able to achieve positive cash flows in the height of the summer months, and cut losses in half compared to the previous year.

And according to what was reported by the “Bloomberg” news agency, reservations to destinations such as Egypt and Turkey have risen, and the Canary Islands’ capacity has reached 140% of 2019 levels, for British school holidays that are scheduled to begin later this month.

“We have seen the beginning of the return of short holidays, along with increasing demand for leisure travel from customers looking for flights and holidays to popular sunny destinations in winter,” said CEO Johan Lundgren.

The company's shares rose 1.7% in early trading in London, before paring gains.

Lundgren said the capacity expansion will continue into 2022.

EasyJet began resuming its flights from Britain to Egypt this week, as it operated its first flights to Sharm El Sheikh last Saturday, while its first flights to Hurghada on Monday.

The British_airline is scheduled to operate 14 flights a week from Britain to Hurghada, and the company will operate 9 flights a week from Britain to Sharm El Sheikh, starting from October 31 People Reached1EngagementBoost Post11