EasyJet reported a 70% year-on-year decline in fiscal third-quarter profit on Thursday. The airline said disruption from the Iran war had increased costs during the quarter.
EasyJet PLC (LSE:EZJ) reported a 70% fall in third-quarter profit as the Middle East conflict pushed up fuel costs and weakened booking demand. The low-cost airline, which has also been busy fielding
Results were dragged by higher fuel prices and lower consumer demand due to the Middle East conflict.
The European Union is preparing a review of airline ownership rules to prevent foreign investors from gaining effective control of carriers, an EU official said, a move that could complicate U.S. ​b
European budget aviation has spent the better part of the year navigating heavy turbulence. Rising jet fuel costs and geopolitical route disruptions have battered public valuations, pushing market sen
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London's FTSE 100 inched up on Friday, supported by deal-driven gains in Vodafone and easyJet, though Middle East tensions kept a lid ​on further upside.
easyJet share price will be in the spotlight today as a new bid from a giant American private equity company emerged. The stock ended Thursday at 588p, a few points below the weekly high of 621p.
The airline said it agreed in principle on a rival takeover deal with asset-management firm Apollo and was withdrawing its recommendation for the proposal by Castlelake.
A bidding war has broken out for EasyJet, the British low-cost airline, with the second American private-equity bid.
British budget carrier easyJet ​said on Friday ‌it had agreed in principle to a rival £5.7 billion ($7.65 ​billion), or £7.15 per-share, takeover ​approach from Apollo Global.
EasyJet shares on Monday traded at a discount to the price the U.K. airline says it's reached with an American investment firm on a buyout.
Shares of easyJet jumped about 10% on Monday to a four-year high after the airline agreed in principle to accept a £5.5 billion ($7.3 billion) takeover offer from US investment firm Castlelake, poten
EasyJet shares hit a new 52-week high on Monday. The low-cost airline on Sunday agreed in principle to an improved takeover bid from U.S. private equity outfit Castlelake.
Shares in easyJet climbed 12% on ‌Tradegate on Monday after the British budget airline agreed in principle to a £5.5 billion ($7.34 billion) takeover proposal ​from U.S. investment firm Castlelak
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