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 [...]
As it happened: Stocks slip as oil hits $100 following Houthi attacks on tankers Markets Welcome back to the City AM FTSE 100 liveblog. Stocks slipped on Thursday morning as oil surged back to $100 per barrel for the first time since May. Brent crude barrelled up after the Iran-backed Houthis claimed to have attacked two Saudi Arabian oil tankers in the Red Sea. The US last night launched its [...]
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 July 10, 2026 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 [...]
Billionaire Easyjet founder in line for £800m payday from takeover July 6, 2026 Easyjet founder Sir Stelios Haji-Ioannou could be in line for a bumper £800m payday as part of the airline’s proposed takeover by private equity firm Castlelake. The British-Cypriot entrepreneur, who founded the company in 1995, holds some 116m shares in the budget carrier and will net a huge payout should he decide to sell his [...]
Easyjet board reaches agreement over £5.2bn Castlelake takeover July 5, 2026 The board of Easyjet is poised to accept a takeover bid by private equity firm Castlelake, in a move that could add the airline to a growing list of blue-chip companies that have unveiled plans to quit the London Stock Exchange since the start of the year. The offer of £6.90 per share, the fifth [...]
Easyjet rejects fourth bid but holds out for ‘more attractive’ offer June 25, 2026 Easyjet has slapped down suitor Castlelake for a fourth time but said it was open to a “more attractive proposal” from the US private equity firm. The budget airline revealed on Thursday it had rejected a £6.50 per share bid, which valued it at £4.9bn, saying that Castlelake was “substantially undervaluing the company and its [...]
Easyjet investors call for £600m more from US bidder June 23, 2026 Easyjet investors have said they are holding out for at least £600m more from Castlelake, the US private equity firm whose bids have been brushed off by the budget airline. Shareholders in the FTSE 250 firm said that they would not consider a takeover offer unless the offer reached at least £7 per share, valuing [...]
Castlelake urges Easyjet investors to back £4.7bn takeover bid June 22, 2026 Private equity firm Castlelake is calling on investors in Easyjet to lobby the budget airline to accept its third takeover offer, after the FTSE 250 carrier slapped down its latest bid over the weekend. The bidder said on Monday that Easyjet has rejected three successive takeover bids and criticised the airline for its “unwillingness to [...]