EasyJet 'could be sold off to US firm' amid flight price hikes and fuel crisis

EasyJet 'could be sold off to US firm' amid flight price hikes and fuel crisisThe budget airline's share price has plummeted amid the Iran war and soaring fuel prices Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Emily Wright, World News Reporter 14:02, Sat, May 30, 2026 Updated: 14:03, Sat, May 30, 2026 The budget airline's share price has plummeted amid the Iran war and soaring fuel prices (Image: Getty)Budget airline easyJet could become the target of a cut-price takeover bid after a turbulent year that has seen its share price slump and fuel costs surge. The Luton-based carrier is facing growing pressure as geopolitical tensions continue to drive up the cost of aviation fuel, prompting it to raise some ticket prices and warn of a major financial hit. window.scriptsToLoad.push({url:'https://live.primis.tech/live/liveView.php?s=118222&vp_content=plembed3a6btjknzwqh&cbuster=%%CACHEBUSTER%%&playerApiId=v118222',triggeredBy:'tcfLoaded',delay:1500,containerId:'ovp-primis',title:"Primis player",beforeLoad:()=>{window.top.addEventListener('primisPlayerInit',e=>{try{if(e.detail&&e.detail.playerApiId==="v118222"){if(window.document.getElementsByClassName('jwplayer')[0]){e.detail.float('disable')}}}catch(e){}})},}) US investment firm Castlelake confirmed on Friday (May 29) that it is considering a possible offer for easyJet, although no formal approach has yet been made to the airline's board, it stressed. Under takeover rules, the firm - which manages $36billion (£27billion) in assets - has until 5pm on June 26 to decide whether to proceed with a bid. The development comes at a difficult time for easyJet, whose market value has fallen sharply after a prolonged decline in its share price. Article continues below ADVERTISEMENT Get the day's biggest headlines in UK and World news and more Subscribe Invalid emailWe use your sign-up to provide content in ways you've consented to a...