Aankondiging • Jun 24
Castlelake, L.P. along with Peter Bellew and Mark Breen cancelled the acquisition of easyJet plc (LSE:EZJ) for £4.8 billion. Castlelake, L.P along with Peter Bellew and Mark Breen proposed to acquire easyJet plc (LSE:EZJ) for £4.8 billion on June 12, 2026. As part of consideration £5.6 per share is being paid against common equity of easyJet plc. Cash consideration of £4.24 billion is bein paid. As of June 17, 2026 Castlelake submitted a second non-binding indicative proposal at an offer price of £6 for each easyJet share valuing it for £4.5 billion . As of June 20, 2026 Castlelake submitted a third non-binding indicative proposal at an offer price £6.25 for each easyJet share valuing it for £4.8 billion. Peter Bellew currently own 0.007% stake in easyJet. Castlelake's Third Proposal is expected to be fully funded through a combination of committed equity and debt facilities. The committed equity financing will come from funds managed or advised by Castlelake and will comprise a combination of existing Castlelake commitments and commitments from a small number of co-investors, as well as the EU Partner. In addition, Goldman Sachs has indicated that they are highly confident of being able to arrange the required debt financing.
The transaction is subject to consummation of due diligence investigation, Definitive agreement & antitrust approval.
Mark Sorrell and Owain Evans of Goldman Sachs International acted as financial; advisor for Castlelake, L.P. Milbank Holdings Limited and Slaughter and May acted as legal advisors for Castlelake, L.P. Equiniti Limited acted as Registrar.
Castlelake, L.P along with Peter Bellew and Mark Breen cancelled the acquisition of easyJet plc (LSE:EZJ) on June 21, 2026. Following the rejection of three proposals by the easyJet Board, and given its unwillingness to engage meaningfully, Castlelake is announcing this Third Proposal to enable easyJet shareholders to consider its merits and provide their views on the Third Proposal to the easyJet Board ahead of the upcoming "Put-up or Shut-up" deadline at 26 June 2026. Aankondiging • Jun 02
Castlelake Mulls Potential Bid for easyJet easyJet plc (LSE:EZJ) may receive a takeover approach from Brookfield Asset Management Inc's Castelake (Castlelake, L.P.), the Financial Times reported late May 29, 2026. Castlelake on May 29, 2026 said it was in the "early stages of considering a possible offer" for the Luton, Bedforshire-based budget airline, but had not yet approached easyJet's board, with no certainty that a firm offer will be made. Under UK regulations, it has until June 26 to declare its intention to make a firm offer. Earlier this year, Castlelake held talks concerning a possible offer for US-based Spirit Airlines Inc, though it did not move ahead with a deal. It had previously taken a stake in Scandinavian airline SAS, before selling the position to Air France-KLM SA. Castlelake has around USD 37 billion in assets under management. easyJet last month warned of a wider loss in its first half, due to the spike in fuel prices triggered by the US-Israeli war with Iran. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£4.29, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Airlines industry in Europe. Total loss to shareholders of 5.9% over the past three years. Aankondiging • May 27
easyJet plc to Report Q3, 2026 Results on Jul 23, 2026 easyJet plc announced that they will report Q3, 2026 results on Jul 23, 2026 Reported Earnings • May 23
First half 2026 earnings released: UK£0.50 loss per share (vs UK£0.40 loss in 1H 2025) First half 2026 results: UK£0.50 loss per share (further deteriorated from UK£0.40 loss in 1H 2025). Revenue: UK£3.95b (up 12% from 1H 2025). Net loss: UK£377.0m (loss widened 27% from 1H 2025). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Mar 23
easyJet plc(LSE:EZJ) dropped from FTSE 100 Index easyJet plc(LSE:EZJ) dropped from FTSE 100 Index Aankondiging • Jan 27
easyJet plc to Report First Half, 2026 Results on May 21, 2026 easyJet plc announced that they will report first half, 2026 results on May 21, 2026 Aankondiging • Jan 13
easyJet plc, Annual General Meeting, Feb 12, 2026 easyJet plc, Annual General Meeting, Feb 12, 2026. Location: hangar 89, london luton airport, lu2 9pf, luton United Kingdom Aankondiging • Dec 05
easyJet plc (LSE:EZJ) entered into an agreement to acquire Adria Tehnika d.o.o. from Hartenberg Holding. easyJet plc (LSE:EZJ) entered into an agreement to acquire Adria Tehnika d.o.o. from Hartenberg Holding on December 3, 2025. Under the new ownership, Adria Tehnika will continue to be led by Chief Executive Officer Barbara Perko Brvar.
The acquisition is subject to regulatory approvals and is expected to complete in early 2026. Aankondiging • Nov 27
easyJet plc announces Annual dividend, payable on March 27, 2026 easyJet plc announced Annual dividend of GBP 0.1320 per share payable on March 27, 2026, ex-date on February 19, 2026 and record date on February 20, 2026. Aankondiging • Nov 16
easyJet plc to Report Q1, 2026 Results on Jan 29, 2026 easyJet plc announced that they will report Q1, 2026 results on Jan 29, 2026 Aankondiging • Jul 11
easyJet plc to Report Fiscal Year 2025 Results on Nov 25, 2025 easyJet plc announced that they will report fiscal year 2025 results on Nov 25, 2025 Aankondiging • Jun 05
easyJet plc to Report Q3, 2025 Results on Jul 17, 2025 easyJet plc announced that they will report Q3, 2025 results on Jul 17, 2025 Aankondiging • May 22
easyJet plc Announces Executive Changes easyJet plc announced Elyes Mrad will join the Board as a Non-Executive Director and member of the Audit Committee with effect from 1 June 2025, and Dr Detlef Trefzger will step down from on the same date. Julie Chakraverty has been appointed a member of the Remuneration Committee with effect from 20 May 2025. Aankondiging • Mar 21
easyJet plc to Report First Half, 2025 Results on May 22, 2025 easyJet plc announced that they will report first half, 2025 results on May 22, 2025 Aankondiging • Jan 22
easyJet plc Provides Operating Guidance for the First Half, Second Half and Full Year of Fiscal 2025 easyJet plc provided operating guidance for the first half, second half and full year of fiscal 2025. For the first half, the company expects ASK Capacity +12% Year on Year (second Quarter ASKs +14% Year on Year). Headline CASK ex fuel expected to slightly reduce year on year. CASK ex fuel to slightly reduce year on year. Fuel CASK to reduce by c.8% year on year, when factoring in current fuel spot price. Seats to be +6%.
For the second half, the company expects ASK Capacity +5%. Seats to be +1%.
For the year, the company expects ASK capacity growth of c.8%, easyJet holidays expects c.25% customer growth Year on Year. Seats to be +6%. Aankondiging • Jan 14
easyJet plc, Annual General Meeting, Feb 13, 2025 easyJet plc, Annual General Meeting, Feb 13, 2025. Location: hangar 89, london luton airport, bedfordshire lu2 9pf, luton United Kingdom Aankondiging • Jan 08
easyJet plc Announces Board and Committee Changes easyJet plc announced that Moni Mannings OBE, Non-Executive Director and Chair of the Remuneration Committee, has informed the Board that she will not be seeking re-election at the Company’s next AGM, being held on 13 February 2025, to allow more time for her other commitments. Sue Clark, Senior Independent Director, will succeed Moni as Chair of the Remuneration Committee at the conclusion of the AGM. The Board announced that Julie Chakraverty will join the Board as a Non-Executive Director and a member of the Finance and Safety & Operational Readiness Committees with effect from 27 January 2025. Julie is currently Senior Independent Director at NCC Group plc and a Non-Executive Director of AJ Bell plc and Starling Bank Limited. She brings 30 years of financial services and technology leadership experience, having served on the boards of listed global banks, insurers, and investment companies, whilst successfully founding Rungway Limited, an employee engagement and mentoring platform. During her executive career, Julie worked at JP Morgan Chase and held several global leadership positions at UBS Investment Bank, where she created an award winning portfolio risk management platform. Julie previously served as Senior Independent Director and Risk Committee Chair at Aberdeen Asset Management plc (now abrdn plc) and as a Non-Executive Director of Santander UK plc, Amlin plc, and Spirit Pub Company plc (now Greene King). Aankondiging • Nov 28
easyJet plc Recommends Ordinary Dividends, Payable on 21 March 2025 easyJet plc is recommending an ordinary dividend of 12.1 pence per share (2023: 4.5 pence), amounting to £92 million (2023: £34 million) subject to shareholder approval at the upcoming Annual General Meeting. This will be paid on 21 March 2025 to those shareholders on the register at the close of business on 21 February 2025. This represents 20% of the headline profit after tax. Aankondiging • Oct 15
Easyjet plc Announces CFO Changes easyJet plc announced the appointment of Jan De Raeymaeker as Chief Financial Officer with effect from January 20, 2025. Raeymaeker replaces Kenton Jarvis, who as previously announced will succeed Johan Lundgren as Chief Executive on January 1, 2025. Raeymaeker is currently Chief Financial Officer of Lineas, the largest private rail freight operator in Europe. Prior to Lineas, he was CFO of Brussels Airlines. Earlier in his career, he held management roles at Arthur D. Little and De Valck Consultants. Reported Earnings • May 17
First half 2024 earnings released: UK£0.34 loss per share (vs UK£0.41 loss in 1H 2023) First half 2024 results: UK£0.34 loss per share (improved from UK£0.41 loss in 1H 2023). Revenue: UK£3.27b (up 22% from 1H 2023). Net loss: UK£257.0m (loss narrowed 16% from 1H 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to UK£5.00. The fair value is estimated to be UK£6.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 60% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Upcoming Dividend • Feb 15
Upcoming dividend of UK£0.045 per share at 0.8% yield Eligible shareholders must have bought the stock before 22 February 2024. Payment date: 22 March 2024. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (2.5%). Aankondiging • Jan 09
easyJet plc, Annual General Meeting, Feb 08, 2024 easyJet plc, Annual General Meeting, Feb 08, 2024, at 10:00 Coordinated Universal Time. Location: Hangar 89, London Luton Airport, Luton, LU2 9PF Luton United Kingdom Aankondiging • Jan 07
easyJet plc to Report First Half, 2024 Results on May 16, 2024 easyJet plc announced that they will report first half, 2024 results on May 16, 2024 Reported Earnings • Nov 29
Full year 2023 earnings released: EPS: UK£0.43 (vs UK£0.22 loss in FY 2022) Full year 2023 results: EPS: UK£0.43 (up from UK£0.22 loss in FY 2022). Revenue: UK£8.17b (up 42% from FY 2022). Net income: UK£324.0m (up UK£493.0m from FY 2022). Profit margin: 4.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Airlines industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Aankondiging • Nov 29
easyJet plc Proposes Ordinary Dividend in Respect of the Year Ended 30 September 2023 easyJet plc announced an ordinary dividend in respect of the year ended 30 September 2023 of 4.5 pence per share, or £34 million, based on 10% headline profit after tax, is to be proposed at the forthcoming Annual General Meeting. No dividend was paid in the year ending 30 September 2023 or 30 September 2022. Reported Earnings • May 18
First half 2023 earnings released: UK£0.41 loss per share (vs UK£0.57 loss in 1H 2022) First half 2023 results: UK£0.41 loss per share (improved from UK£0.57 loss in 1H 2022). Revenue: UK£2.69b (up 80% from 1H 2022). Net loss: UK£307.0m (loss narrowed 29% from 1H 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Jan 31
easyJet plc to Report First Half, 2023 Results on May 18, 2023 easyJet plc announced that they will report first half, 2023 results on May 18, 2023 Aankondiging • Jan 26
easyJet plc Provides Earnings Guidance for the First Half of Fiscal Year 2023 easyJet plc provided earnings guidance for the first half of fiscal year 2023. For the period, the company expects to see winter loss reduce significantly compared to last year. This will set firmly on the path to delivering a full year profit, where The company anticipates beating the current market expectation enabling it to create value for customers, investors and the economies it serve. Aankondiging • Jan 10
easyJet plc, Annual General Meeting, Feb 09, 2023 easyJet plc, Annual General Meeting, Feb 09, 2023, at 11:00 Coordinated Universal Time. Location: Hangar 89, London Luton Airport London United Kingdom Aankondiging • Jan 05
easyJet plc Appoints Sue Clark as Senior Independent Director, Effective March 1, 2023 easyJet plc appointed of Sue Clark as Senior Independent Director with effect from 1 March 2023. Reported Earnings • Nov 30
Full year 2022 earnings released: UK£0.22 loss per share (vs UK£1.59 loss in FY 2021) Full year 2022 results: UK£0.22 loss per share (improved from UK£1.59 loss in FY 2021). Revenue: UK£5.77b (up 296% from FY 2021). Net loss: UK£169.0m (loss narrowed 80% from FY 2021). Available seat kilometres (ASK): 97.29b (up 192% from FY 2021). Passenger load factor: 85.5% (up from 72.5% in FY 2021). Operating revenue per available seat kilometre (Oper. RASK): UK£0.056 (up from UK£0.044 in FY 2021). Total aircraft: 310 (up by 71 from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 35% per year. Board Change • Nov 16
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Detlef Trefzger was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 20
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£549.0m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 142%, compared to a 146% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Chairman of the Board Stephen Hester was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 06
Independent Chairman of the Board recently bought UK£96k worth of stock On the 4th of March, Stephen Hester bought around 20k shares on-market at roughly UK£4.80 per share. This was the largest purchase by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 17
CFO & Director recently bought UK£74k worth of stock On the 16th of December, Kenton Jarvis bought around 15k shares on-market at roughly UK£4.93 per share. This was the largest purchase by an insider in the last 3 months. This was Kenton's only on-market trade for the last 12 months. Executive Departure • Dec 03
Non-Executive Chairman Robert John Barton has left the company On the 1st of December, Robert John Barton's tenure as Non-Executive Chairman ended after 8.6 years in the role. As of September 2021, Robert John still personally held 74.68k shares (UK£498k worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.21 years. Reported Earnings • Dec 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: UK£1.59 loss per share (up from UK£2.65 loss in FY 2020). Revenue: UK£1.46b (down 52% from FY 2020). Net loss: UK£858.0m (loss narrowed 21% from FY 2020). Available seat kilometres (ASK): 33.35b (down 47% from FY 2020). Passenger load factor: 72.5% (down from 87.2% in FY 2020). Revenue per available seat kilometre (RASK): 4.4% (down from 4.8% in FY 2020). Total aircraft: 239 (up by 82 from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 257%, compared to a 252% growth forecast for the airlines industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • May 23
First half 2021 earnings released: UK£1.21 loss per share (vs UK£0.82 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: UK£240.0m (down 90% from 1H 2020). Net loss: UK£549.0m (loss widened 69% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 23
New 90-day high: UK£9.38 The company is up 13% from its price of UK£8.33 on 25 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£8.78 per share. 
