Kenton Jarvis
- Jul 23
easyJet profits plunge 70% as Middle East war drives fuel costs higher, takeover battle continues
The British low-cost carrier reported pre-tax profit of £85 million for April–June, down from £286 million a year earlier, as fuel costs jumped £105 million and the Middle East conflict dampened bookings.
- Jun 1
EasyJet calls Castlelake's £3bn takeover interest 'highly opportunistic' as shares surge
EasyJet shares jumped up to 13% after US investment firm Castlelake disclosed it is considering a takeover offer valuing the airline at £3bn, but the board branded the timing 'highly opportunistic' and highlighted significant regulatory hurdles.