Shares of EasyJet fell more than 7% Thursday after the low-cost airline posted a slightly larger than expected pre-tax loss of £350 million.
CEO Johan Lundgren also announced that he would step down in 2025 after seven years at the helm of the business.a slightly larger-than-expected loss in the first half of the fiscal year and announced the forthcoming departure of its CEO. The figure marked a narrowing from the £411 million pre-tax headline loss reported a year earlier, as the airline continued to emerge from a Covid-19-era travel slump.
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