EasyJet knows it needs more planes to challenge Ryanair and Wizz Air for a larger slice of the European airline recovery. A new deal with Airbus will help it step up to the challenge.
EasyJet is ready for a slew of eager-to-travel vacationers hitting the beaches of Europe this summer. But even as the budget airline plans to recover to pre-pandemic capacity levels, it continues to rack up losses.
European low-cost carriers are moving in to claim market share as their larger rivals struggle to return to their pre-pandemic size. The discounters are facing off this summer in Southern European leisure destinations.
European airlines remain bullish on summer travel even with a war on the continent. But that's not to say risks don't exist, particularly the closer to the conflict that an airline flies.
The airline industry is taking a wait-and-see approach to the new Omicron variant. But the new variant is the latest indication that rolling travel restrictions and dips in demand in the wake of endemic Covid-19 outbreaks could be just become another facet of the airline business.