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20 July 2021 easyJet Trading Update for the Quarter ended 30 June 2021 easyJet's Q3 performance is in line with management expectations with the continued delivery of the cost programme and cash burn outperforming easyJet's cost programme , leading network , step change in ancillary revenue and the development of easyJet holidays will see the airline emerge transformed post pandemic . Summary easyJet has maintained its disciplined approach to capacity and cash management during Q3 and , as a result , total cash burn during the quarter reduced to £ 55 million . Fixed costs plus capex have averaged £ 34 million per week , outperforming the £ 40 million per week guidance given at Q1 . This disciplined cost and cash management has enabled easyJet to maintain net debt broadly flat at c . £ 2.0 billion and a headline loss before tax of £ 318 million , which is in line with expectations . easyJet's capacity in Q4 will be up to 60 % of 2019 levels , up from 17 % in Q3 2021. In order to capitalise on the opening - up of travel in continental Europe and the easing of restrictions for the fully vaccinated in the UK , easyJet continues to pivot capacity towards popular routes where we see rising customer demand . easyJet will emerge from the pandemic transformed , driven by a cost programme that is delivering , industry - leading network / schedule flexibility , a step change in ancillary revenue and with easyJet holidays taking market share . Commenting on Q3 trading , Johan Lundgren , CEO of easyJet , said : " During this quarter we have successfully managed through the continued challenges of the pandemic , using our operational responsiveness to capture demand while focusing on cost control and minimising cash burn . " We have used our existing strengths like our network with renewed purpose - pivoting capacity to Europe where we saw the strongest demand and the very way we have approached the challenges that we faced means we have adapted and built back stronger for the future . " As a result , we will emerge from the pandemic with longer - term wins along - side baked in sustainable cost reductions , responding effectively and in ways our competitors don't or can't . " This is all underlined by our proven business model , low fares , unrivalled network and brand trust which will be crucial going forward . So , while we know the road to recovery from the pandemic isn't going to be a straight line we are ready to compete using these new - found strengths with everything we have learned leaving a long - term , positive imprint on the airline , transformed ready for the post - pandemic era . " Revenue Passenger numbers¹ for the quarter ending 30 June 2021 increased to 3.0 million , in line with an increase in capacity² to 4.5 million seats , representing 17 % of Q3 2019 capacity levels . As a result of the Covid pandemic , easyJet's fleet had been fully grounded for all but two weeks of the third quarter 2020 , flying just 117,000 seats . Page 1 of 7