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Category Airlines

Apollo Wins easyJet. Now There’s a Model.

Apollo Global Management won easyJet. Castlelake withdrew from the bidding on August 6, without giving a specific reason, clearing the way for Apollo’s £5.7 billion (£7.15-a-share) cash offer — unanimously recommended by easyJet’s board, an 81% premium to where the…

Fuel costs and strikes hurt Lufthansa Group

Lufthansa Airbus A350

Significantly higher fuel costs, strikes, and lower capacity: these are the ingredients for Lufthansa Group’s lower Q2 profit and HY1 loss. Despite strong demand and higher yields from premium products, only SWISS produced solid results. The airline group is positive…