Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
EasyJet chief to step down next year
(Sharecast News) - EasyJet chief executive Johan Lundgren is to step down after more than seven years in the role, the budget carrier said on Thursday. The FTSE 100 firm said Lundgren, who has held the position since December 2017, would retire in early 2025. He will be replaced by current chief financial officer Kenton Jarvis.
Stephen Hester, chair, said he was "sad" Lundgren was retiring.
He continued: "He has done an excellent job as our chief executive, steering the company through the immense challenges of the Covid period and setting up a clear strategy and strong execution plan."
Hester added that the appointment of Jarvis - who joined the carrier in 2021 - would allow for an "orderly and seamless" transition.
"We are focused on executing the medium-term plan and related financial targets set out earlier this year and Kenton is the ideal person to lead our executive team to that end."
The announcement came as easyJet posted a reduction in first-half losses. Traditionally its weaker half, as it does not include summer holidays, the headline pre-tax loss for the six months to 31 March narrowed to £350m from £411m a year previously.
The company flew 36.7m people during the period, 11% up year-on-year, while airline revenues per seat rose 5% to £69.87.
Total revenues rose 22% to £3.3bn, driven by "increased flown capacity, pricing strength and ancillary products," easyJet noted.
Looking to the full year, easyJet said it was well-positioned to deliver "strong" earnings growth on the back of positive summer demand and improved profits in easyJet holidays.
Bookings were currently in line with expectations, it said, with around 77% of the programme sold for the third quarter and 39% for the fourth.
Lundgren said: "EasyJet's targeted growth and focus on productivity has delivered a reduction in winter losses, boosted by our trusted brand and network that we continue to invest int.
"We are now absolutely focused on another record summer, which is expected to deliver strong full-year earnings growth and are on track to achieve our medium-term targets."
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.