Castlelake, a US investment firm, is considering a possible offer for easyJet, which is based in Luton, with no formal bid yet. Under takeover rules, it has until June 26 to decide whether to proceed. easyJet shares have fallen nearly 23% since the start of the year and more than 50% over five years, valuing the company at about £3 billion. The airline reported a half-year pre-tax deficit of £552 million versus £401 million a year earlier and warned higher fuel prices could add around £175 million to summer costs. Jet fuel prices surged after disruption to global energy markets, including the closure of the Strait of Hormuz, raising aviation fuel costs and intensifying pressure across European carriers. Management said demand remains broadly resilient but cost inflation requires pricing adjustments, including raising minimum prices for winter 2026/27 flights by about £2–£3 while claiming current summer fares stay competitive.
Read at London Business News | Londonlovesbusiness.com
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