Easyjet takes £200m profit hit in Iran war travel chaos Transport & Infrastructure Easyjet has revealed a £200m profit hit as the budget airline battles with the soaring energy costs and falling travel demand caused by the Iran war. The FTSE 250 carrier posted an £85m profit in the three months to June, down 70 per cent on £286m in the previous year, as passenger volume slipped by [...]
Easyjet shares crash on fears of EU probe Aviation Shares in Easyjet plummeted on Wednesday after reports the European Union was preparing a probe into the ownership of airlines, potentially complicating the carrier’s mooted takeover by Apollo. The London-listed budget airline said this month it was likely to accept an all-cash offer from the US investment behemoth, trumping an earlier bid from another US [...]
Easyjet proves too tempting a bargain for gatecrasher Apollo Analysis Apollo has gatecrashed Castelake’s cut-price Easyjet bid – setting up a potential buyout behemoth battle for the skies, writes Ali Lyon, Stelios Haji-Ioannou, the colourful force behind London’s Easyjet, founded his low-cost carrier on a simple philosophy: promise travellers cheaper fares, and open up budget air travel for millions of customers who for decades had [...]
Easyjet agrees to £5.7bn Apollo takeover July 10, 2026 Apollo has agreed to buy budget airline Easyjet for £5.7bn in a shock deal that usurps an earlier bid from alternative asset manager Castlelake. Easyjet said on Friday that it was poised to accept an all-cash offer from the US investment behemoth valuing the airline at 714p a share, trumping the 690p a share bid [...]