CEO will be replaced by chief financial officer Kenton Jarvis, who like Lundgren joined from Tui

EasyJet’s chief executive, Johan Lundgren, will step down at the beginning of next year after seven years at the helm of the budget airline.

The carrier is promoting its chief financial officer, Kenton Jarvis, to take his place, with Lundgren set to hand over the reins on 1 January 2025. The outgoing boss will then stay with the business until mid-May as part of the airline’s “orderly succession plan”.

Budget airline says its research has found two-thirds of Britons are more likely to travel abroad next year

EasyJet has experienced a general drop in bookings since the Israel-Hamas war started, which prompted it to pause flights to Israel and Jordan, but said demand was coming back and consumers were keen to holiday abroad next year.

Johan Lundgren, the budget airline’s chief executive, said: “As we saw with Ukraine, there has been a short-term industry-wide impact on [flight] searches and bookings, though this now seems to be coming back with a recent improvement in trading.”

Budget airline has ramped up capacity and expects to be back to about pre-Covid levels

EasyJet has lifted its profit outlook for this year after summer bookings surged and passenger numbers over Easter returned to pre-pandemic levels.

The budget airline has increased capacity, by 40% from January to March, and expects to be back to about pre-pandemic levels in the summer.