What‘s Up at the Terminal: DAL EPS & Basic Premium, Engine Hours; easyJet

Research evidence excerpt

What‘s Up at the Terminal: DAL EPS & Basic Premium, Engine Hours; easyJet

Airlines

Equity Research

July 10, 2026

EasyJet Agrees to Apollo’s £5.7B Takeover Bid. EasyJet agreed in principle to Apollo Global

Management’s £7.15 per share takeover proposal, valuing the airline at £5.7B and topping Castlelake’s

£6.90 per share proposal earlier this week. The bidding war highlights the value of EasyJet’s European

network, large fleet, constrained airport slots, and growing holidays business.

Iberia Maintenance Launches Dedicated Engine MRO Business. Iberia Maintenance is launching

IAG Engine Tech, a dedicated engine MRO business based at Iberia’s La Munoza facility in Madrid, to

expand CFM Leap maintenance capabilities after securing Premier MRO licenses earlier this year, with

first shop visits planned for Q1 2027, as the unit targets both group airlines and third-party customers

and builds on €1.05BB in 2025 engine maintenance revenue.

Saudia Cargo to Add Four 777-200 Freighters. Saudia Cargo will expand its dedicated freighter fleet

with four Boeing 777-200 aircraft, with the first delivery expected in 4Q26 and the remaining three

arriving through 2027. The additions support the carrier’s plan to double its cargo fleet and increase

capacity for e-commerce, exports and international freight, while providing Boeing with incremental

widebody freighter demand tied to Saudi Arabia’s broader Vision 2030 logistics ambitions.

Asia

China Eastern Airlines Begins Free Wifi Offering. Starting 7/3, China Eastern Airlines rolled out free

wifi across its WB fleet. The roll-out is tiered, with premium passengers getting faster wife suitable for

streaming and video calls, while premium economy and economy passengers get slower wifi, suitable

for texting and emails.