EasyJet cuts more flights to try to manage disruption, sees cost hit

EasyJet Plc said it will rein in summer capacity after London Gatwick and Amsterdam Schiphol airports, its two biggest bases, capped flights to help cope with a staffing shortage. The measure is set to push up costs.

The UK discount carrier will now operate at around 87% of pre-Covid capacity in the three months ending June 30, increasing to about 90% for its fiscal fourth quarter through September, according to a statement Monday.

The revised figures are down from 90% and 97% respectively, Bernstein analyst Alex Irving said in a note, adding that the company could suffer an earnings hit of between £100 million and £200 million ($122 million-$245 million) for the year.