Easyjet’s profits plummeted 70% last quarter, crashing from £286 million to just £85 million, fueled by soaring fuel costs and travelers cutting back—partly due to Middle East tensions. Amid takeover rumors and a 12% share drop triggered by EU scrutiny over foreign ownership, the airline is eyeing bids from U.S. private equity giants Apollo and Castlelake. Yet there’s a glimmer: summer bookings surged, with 68% of capacity already sold and CEO noting travelers are booking further ahead. The holiday division bucked the trend, growing customer numbers 8% and profits slipping just 2%, proving more resilient than core flights. With fuel volatility and geopolitical uncertainty still looming, Easyjet’s annual outlook hinges on late-summer demand—and whether travelers will keep flying.
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