EasyJet’s profits took a brutal hit this quarter, plummeting 70% to just £85 million—thanks mostly to soaring fuel costs and delayed bookings. With Middle East tensions driving up jet fuel by £105 million, and passengers waiting until the last minute to book, the airline’s finances are under pressure. Complicating matters, two U.S. firms are vying for control—with a new £570 million bid outpacing the original offer—while the EU eyes potential ownership rules. Despite the dip, EasyJet’s stock edged up, buoyed by strong summer demand and last-minute deals, as uncertainty around the takeover and regulations keeps investors guessing.
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