EasyJet Profits Plunge as £5.7bn Buyout Faces EU Rules

EasyJet's profit fell 70% to £85m for April–June 2026, with £105m lost to fuel costs tied to the Iran war. The board wants Apollo to buy the airline for £5.7bn, but EU law says European airlines must be majority-owned by Europeans — which could block the deal. CEO Kenton Jarvis faces falling profits just as regulators begin reviewing it.