American Airlines Group Inc. (NASDAQ:AAL) and easyJet plc (LON:EZJ) are facing the same industry-wide challenge: sharply higher fuel costs. Yet their latest earnings suggest they are responding in very different ways. American Airlines (NASDAQ:AAL) delivered record quarterly revenue as stronger pricing and premium demand offset part of the fuel shock, while easyJet’s (LON:EZJ) profits plunged […]

The deal for the British airline caps a weekslong bidding war with American private equity and aircraft leasing group Castlelake.

Apollo Global Management looks set to take to the skies. The private-equity group on Thursday agreed a deal to buy British budget airline easyJet for the equivalent of roughly $7.7 billion, prevailing in a weekslong bidding war with fellow American investor Castlelake.

(Bloomberg) -- Apollo Global Management agreed to buy low-cost carrier EasyJet Plc for £5.7 billion ($7.7 billion), clinching a deal that’s likely to shake up the dynamics in Europe’s highly competitive market for budget airlines.Most Read from BloombergIran Says Agreement on Hormuz Shipping Reached With OmanGoogle AI Veterans Depart During Seismic Leadership ShiftMicrosoft’s AI Sales Mostly Come From OpenAI, Disclosures ShowWhy Do Data Centers Use So Much Fresh Water?Major Hedge Funds Targeted

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EasyJet said it has extended its bid deadline for Castlelake to align with rival bidder Apollo until August 7, when both are asked to give firm intentions or walk away. The company said Monday that Castlelake and Apollo both had until August 7 to outline firm intentions to make an offer or step away. Castlelake’s deadline previously was on August 3.

EasyJet (LON:EZJ) recently revealed a whopping 70% drop in profits, spurred mainly by increasing fuel costs and later bookings because of the conflict between Iran and the U.S. The company reported a pre-tax profit of £85 million between April and June compared to £286 million during the prior year period. Although it saw strong demand […]

The US-Iran conflict has come as a brutal shock to Europe’s budget airlines. EasyJet (LON:EZJ) recently revealed a 70% drop in profits, attributed primarily to increasing fuel costs and later bookings. The company reported a pre-tax profit of £85 million between April and June compared to £286 million during the prior year period. Ryanair (NASDAQ:RYAAY), […]

Earlier bookings return as EasyJet beats forecasts and takeover bids remain in focus.

Results were dragged by higher fuel prices and lower consumer demand due to the Middle East conflict.

The UK’s domestic market is getting smaller and smaller as overseas institutions snap up bargains, while everyday Brits miss out.

Apollo Global Management's £5.7 billion cash bid for easyJet sparked a 46% share rally, though EU ownership rules and an August 7, 2026 deadline still cloud the deal's completion.

Apollo Management X has proposed a £5.5b acquisition of easyJet (LSE:EZJ), offering £7.15 per share in cash with an optional stub equity alternative, while the easyJet board has withdrawn support for a competing Castlelake bid. See our latest analysis for easyJet. The Apollo proposal comes after a strong run in easyJet’s share price, with a 30 day share price return of 35.04% and a 90 day share price return of 70.33%. The 1 year total shareholder return of 32.51% suggests momentum has...

easyJet stock has delivered a 49.8% return over the past three years, yet its low value score and the recent takeover contest between Apollo and Castlelake raise questions about how much of its appeal is already reflected in the price. A roughly 49.8% share price return over three years suggests investors who stayed invested in easyJet have been rewarded. It also means new buyers need to think carefully about what they are paying for today. The competing bids from Apollo and Castlelake...