Airlines · Tuesday, 21 July 2026
Breakingviews - Apollo’s return route for easyJet is a tricky one
Financial analysts suggest that Apollo Global Management faces significant hurdles in its proposed £5.7 billion acquisition of easyJet.
TL;DR
The commentary notes that easyJet would require a 19% EBITDA margin to meet Apollo's 20% internal rate of return target, while current projections peak at 15%. The analysis underscores the difficulty of private equity buyouts in the volatile airline sector, particularly when coupled with heavy capital expenditure requirements for fleet renewal.
Reuters20 Jul, 12:02 BST
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