Jet2 sinks to a half-year loss, cautious on next summer

FILE PHOTO: Jet2 planes are seen parked at Birmingham airport as the spread of the coronavirus disease (COVID-19) continues, Birmingham, Britain, March 28, 2020. REUTERS/Phil Noble

LONDON (Reuters) - British holiday and airline group Jet2 JET2.L said the pandemic had pushed it into a 111 million pound loss in the six months ended September, as it forecast an uncertain winter and said it remained cautious about next summer.

Jet2 sunk to a group operating loss of 111.2 million pounds for the half-year period, compared to the 361.5 million pound profit it made in the year earlier before COVID-19.

For the current winter period, Jet2 said it expected to fly about 50% of last year’s seat capacity. Positive news about a vaccine for the virus was “welcome”, it said, adding it was cautious although it would offer seat capacity close to 2019 levels.

Reporting by Sarah Young; Editing by Kate Holton