easyJet’s profits nosedived 70% last quarter, crushed by a $105M fuel spike tied to Middle East turmoil and weaker bookings—but revenue still rose 2%, thanks to strong holiday package sales. Shares tumbled 12% as oil hit $96/barrel, then rebounded 1%. Meanwhile, Apollo’s $5.7B takeover bid looms, offering a massive premium. CEO says consumer confidence is returning, with summer bookings heating up.
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