Luton
- 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 22
Castlelake goes public with £4.74bn easyJet bid after board rejects third offer, presses shareholders ahead of June 26 deadline
The US investment firm took its £6.25-per-share proposal directly to easyJet shareholders on Monday after the airline's board unanimously rejected a third unsolicited approach, setting up a showdown before a formal offer deadline this Thursday.
- 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.
