EasyJet shares are down 66% YTD. Should I invest?

EasyJet (OTC: ESYJY) shares have weakened from $19.94 to $5 in less than several months and the current price stands around $6.29. The upcoming period will be competitive for the airline industry as air travel remains restricted due to the Covid-19 pandemic. Fundamental analysis: The recovery will take years EasyJet operates as an airline carrier primarily in Europe, the company has a fleet of 331 aircrafts and also engages in the trading and leasing of aircrafts. According to some reports, the global flights were down by 26% from year-prior levels and the airline industry needs support from the governments. It