Aviation

Easyjet shares plunge after reporting heavier than expected half-year losses

Johan Lundgren also announced he will step down as chief executive of the British airline early next year

Johan Lundgren, the chief executive of EasyJet plans to leave the firm in early 2025. Picture: Hannibal Hanschke

Shares in Easyjet, the British low cost airline, plunged sharply on Thursday morning after the group reported a worse than expected loss, while its chief executive also announced plans to leave.

Johan Lundgren, the chief executive of Easyjet, confirmed he will leave the airline in early 2025 and will be replaced by chief financial officer Kenton Jarvis. The announcement comes after Easyjet reported losses of £350 million (€407.8 million) in the six months to the ...