Tag is: Easyjet

EasyJet shares bullish as Castlelake’ weighs possible buyout offer

by the Logistics TransportIn the the General Assembly

British low-cost airline easyJet said in a statement published on Monday that US-based private investment firm Castlelake’ had registered interest in the possible takeover. After the news, the airline's shares are in early transactions %Increased by more than 12’.

Castlelake confirmed the rumors on Friday, saying that “ is in the early stages of evaluating a possible proposal, stressing that no approach has yet been taken to the easyJet board of directors. “There can be no certainty as to whether any offer will be made or the terms of any offer.”

The British low-cost airline, “, said in a statement that it was clear about the Board's task of targeting maximizing shareholder value and would consider any proposals if they were made. However, “ added that the Board would be particularly careful about its valuation and deliverability in any assessment.

Dan Coatsworth, market manager at AJ Bell, said “EasyJet’'s largest shareholders are unlikely to accept a takeover offer unless there is a knockout price.

Coatsworth said the airline is facing its toughest period since the Covid-19 pandemic, largely due to rising jet fuel prices linked to the closure of the Strait of Hormuz ’ following the conflict involving Iran’.

The airline's statement also stated: “Kurul points out the extremely opportunistic timing when easyJet’'s share price temporarily falls due to the current situation in the Middle East’ and its impact on customer confidence and jet fuel prices.”

easyJet shares in London’ on Monday morning %In 12 increments, 445.80p was traded from ’. Due to increased fuel costs and travel cuts caused by conflicts in the Middle East’, there has been a 23 percent drop in the last 12 months.

EasyJet added that “ remains in a strong position, backed by strong customer satisfaction and high employee engagement, as well as a net cash position, an investable balance sheet, and is highly confident in the company's strategy and ” ability to deliver attractive long-term value to “ shareholders.

“Board highlights significant regulatory, financial and other implementation challenges related to the potential takeover of easyJet’.”

Coatsworth, “Given its history of investment linked to the aviation industry, there is a logic to Castlelake’'s interest in this business, ” said. The biggest unknown is whether easyJet will want to run “ in its current form or simply reverse it when market conditions improve.’

Under UK takeover rules, Castlelake’ has until 26 June’ to either make an official offer for easyJet or announce that it has no intention of continuing.

EasyJet launches Italy’da investigation over allegations of unfair baggage pricing on booking platforms

by the Logistics TransportIn the the General Assembly

Italy’'s antitrust authority, Autorità Garante della Concorrenza e del Mercato (AGCM), announced on Tuesday that it has launched an official investigation into easyJet Airline Company Limited over allegations of unfair commercial practice.

The case focuses on how the carrier configures and offers baggage fees on its website and mobile app; The regulator claims that passengers are routinely given a distorted picture of the amount they actually pay.

According to AGCM’, the easyJet’in platform automatically combines round-trip luggage and sports equipment by default and offers only an overall average price for the service, even when customers do not intend to purchase this service for both pillars of their journey.

The organizer suggests that anyone who wants to add luggage for just one leg has had to interrupt the booking process to override this setting, a step that most consumers are unlikely to notice or direct.

The investigation will assess whether the easyJet’in reservation system creates unclear pricing conditions and limits consumers' ability to make fully informed choices.

At the time of writing, easyJet made no public comment on the matter.

ItalyPrevious actions of ’ AGCM

This is not the first time easyJet’ has confronted Italian authorities.

May 2021In ’, AGCM fined Ryanair and Volotea’, as well as the airline, €2.8 million; Then all three of them, Italy, did not offer cash refunds for canceled flights after ’ lifted COVID-19 travel restrictions and instead issued coupons.

EasyJet appealed, but the Lazio District Administrative Court in Roma’ rejected the appeal in February 2025’te.

AGCM showed no hesitation in pursuing the industry more broadly.

December 2025’te Ryanair’e, ItalyFinancial fine of €255 million for abusing its dominant position in the round-trip air travel to ’.

The Italian authority concluded that the airline had implemented a “-detailed strategy, including facial recognition checks, payment blockages and bulk account deletions, to prevent travel agencies from purchasing its flights, and Ryanair said it would immediately appeal.

EasyJet’'s losses deepen as Iran war increases fuel costs and hits bookings

by the Logistics TransportIn the the General Assembly

British low-cost airline EasyJet said on Thursday that its losses increased in the six months leading up to the end of March as the Iran war increased jet fuel costs and weakened booking visibility.

The conflict continues to disrupt global aviation; European jet fuel prices since late February due to shipping disruption in the Strait of Hormuz, a vital transit point for about a fifth of the global oil supply %Increased by more than 80’.

Airlines across Europe responded by increasing their fares. reduction of costs and warning of pressure on margins.

EasyJet, in the first half of its fiscal year, compared to the previous year %£377 million (506 million) with 27 increases $) reported total after-tax loss in the amount. The airline said U.S.-Iran tensions also disrupted travel demand.

The airline said the Iran war had also disrupted travel demand and delayed bookings for the busy summer season.

Number of passengers during the reporting period %Comes with 6 increases %It increased by 12 to £3.95 billion (€4.63 billion). The occupancy factor, which is a measure of how full the airline's planes are, compared to the previous year %2 increments %It's up to 90’.

The group said strong growth in the holiday division helped support performance and that the number of customers at easyJet Holidays’ was in the first half. %He said he's up 22.

EasyJet said the conflict in the Middle East’ was affected by high fuel costs and low forward visibility“.

An earlier estimate that the war added £25 million (€29 million) to the fuel bill was confirmed.

Although the group did not see any cuts in fuel supplies, the airline warned that the second half of its fiscal year will be affected by clashes in “Middle East’, high fuel costs and short-term uncertainty over customer demand.

“General bookings for the summer period lagged behind their level at this point last year, ” added.

EasyJet said it was 72 percent protected against increases in fuel prices over the next six months, providing some protection against further increases in oil prices.

The airline also reported an increase of £32 million (€37 million) in legal provisions linked to a number of historic cases.

Kenton Jarvis, chief executive of “, said that EasyJet’ is in a good position to manage the current environment, although conflicts in the Middle East’ have created uncertainty in the short term.

During his meeting with journalists, he added that the minimum ticket prices for the calmer winter season will increase.

Following the update, EasyJet’in shares approx. %2 increased but suffered minor losses in the afternoon.

Hargreaves Lansdown stock analyst Aarin Chiekrie, “, said the image is still compelling”.

“Demand is getting hit; Bookings for the second half are two percentage points below last year's levels, as sun-seekers leave later to lock into their travel plans, ” said.

Even if the conflict in the Middle East is resolved in the near term, fuel prices are likely to remain high for some time, “ added.

Rival airline Ryanair said earlier this week that its annual net profit had increased by more than one-third, but warned that the Iran war is overshadowing its outlook for the coming year.