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23.07.26 - 10:36
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EasyJet profits plunge 70% as fuel costs soar amid Iran war (The Guardian)
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Budget airline, which has two US investment firms vying to buy it, also affected by passengers booking laterThe low-cost airline easyJet has revealed a 70% slide in profits because of soaring fuel costs and later bookings as a result of the conflict in Iran, only weeks after it agreed to a £5.7bn takeover.The carrier reported a pre-tax profit of £85m between April and June compared with £286m during the same period a year earlier, as its fuel costs increased by £105m after the outbreak of hostilities in the Middle East in late February sent energy prices rocketing. Continue reading......
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10.07.26 - 17:06
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Delta Rises on Profit Guidance; EasyJet Moves on Apollo Bid | Stock Movers (Bloomberg)
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On this episode of Stock Movers:
- Delta (DAL) shares are higher after it reaffirmed its full-year profit guidance, citing strong demand for premium, corporate and international travel that helped offset the highest quarterly fuel expense in its history. The airline earned an adjusted $1.56 a share in the second quarter, topping analysts' estimates, with revenue rising 14% from a year earlier and capacity increasing just 1%.
- EasyJet (EZJ) shares are moving on news it received a fresh offer from Apollo Global Management for 715 pence a share, beating a rival proposal from Castlelake. EasyJet is "no longer minded to recommend the Castlelake proposal" and would be minded to recommend Apollo's bid to its shareholders, given that Apollo's £5.7 billion bid is superior to Castlelake's £5.5 billion offer.
- WD-40 (WDFC) shares jumped after the lubricant spray maker boosted its net sales forecast for the full year. (Source: Bloomberg)...
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16.04.26 - 11:00
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EasyJet warns profits will suffer as Iran war hits bookings and fuel prices (The Guardian)
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Budget airline says passengers are leaving it later to book flights owing to economic uncertaintyBusiness live – latest updatesThe budget airline easyJet has warned the impact of the Iran war on bookings and oil prices will hit its profits, having driven up fuel costs by £25m in the last month alone.It said it expected to report an increased pre-tax loss of £540-£560m for the six months to March, up from £394m in the first half of 2024-25. The carrier typically makes its money in the second half of the year which includes the peak summer period. Continue reading......
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