Apollo outbid Castlelake for easyJet at £7.15 per share, the board recommended it, and the deal now hinges on EU ownership structure and Foreign Subsidies Regulation clearance. Delta beat Q2 earnings and raised its dividend. The Iran ceasefire cracked midweek. This edition covers all three.
Farnborough closes with 327 firm orders, below bullish forecasts but above 2024. The Project Sunrise A350-1000ULR departs Toulouse on a 17,000km nonstop test flight to Melbourne. Alaska Air swings to a Q2 net loss of $76mn as fuel costs rise 85 per cent.
Farnborough opens with 234 firm orders and $48.8bn (£36.2bn) in commitments on day one. IndiGo signs the largest single LEAP engine order in CFM history. Airbus launches its Wing of Tomorrow high-span wing flight test campaign for the next-generation single-aisle.
EASA tells European airlines to avoid UAE, Bahrain, Kuwait and Qatar airspace as US-Iran fighting reignites. United Airlines beats Q2 estimates but operating margin contracts on fuel costs. Boeing posts its strongest Q2 delivery tally since 2018.
Korean Air posts record Q2 revenue of $3.4bn but swings to a net loss as fuel costs bite. Norwegian Group's Q2 operating loss of $61.9mn beats analyst forecasts for the wrong reasons. Flydubai restores daily Dubai-Aleppo service from 20 July, ending a 14-year absence.
