Losses Mounting Just Like my Enemies
Shares of EasyJet plummeted over 7% after the low cost airline revealed a pre tax loss of £350 million in the first half of the fiscal year slightly higher than expected.
CEO Shuffle Another One Bites the Dust
CEO Johan Lundgren announced he's flying away from EasyJet in 2025 after steering the ship for seven years. Cue Kenton Jarvis the new kingpin.
Positive Momentum Just Like the White Powder Business
Despite the financial turbulence Lundgren remains optimistic about summer travel season with a focus on classic European destinations like Spain Portugal and Turkey.
Flying High or Falling Fast?
EasyJet shares took a hit down 5.9% post announcement. Lundgren assures no impact on flight schedules despite industry wide worries about supply shortages.
EasyJet CEO departure financial loss travel industry pandemic recovery low-cost airline European destinations supply constraints Airbus deliveries travel season
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foghat
Positive momentum in travel season, just like the rollercoaster ride of power and downfall.