Jet2 (JET2)

Sector:

Commercial Transport

Index:

FTSE AIM 50

1,628.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 1,945.00p
  • 52 Week Low: 1,159.00p
  • Currency: UK Pounds
  • Shares Issued: 205.75m
  • Volume: 488,682
  • Market Cap: £3,349.53m

Jet2 on track to beat full-year profit expectations

By Abigail Townsend

Date: Thursday 07 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Shares in Jet2 took off on Thursday, after the tour operator said it was on course to beat full-year profit expectations.
Updating on trading at its annual general meeting, the airline said there had been "strong late booking momentum" in July and August, with September also showing a similar trend.

Winter 2023/24 bookings, meanwhile were "encouraging", with average load factors 0.3 percentage points ahead of winter 2022/23.

The AIM-listed firm said it had been hit by around £13m of cost and lost margin following the Rhodes wildfires earlier in the summer and the more recent NATS air traffic control failure.

But while it acknowledged there was still "some way to go" in the winter booking cycle, Jet2 said it was on course to beat full-year profit expectations. It now expects pre-tax profits before forex revaluations to come in between £480m and £520m.

As at 1030 BST, shares in Jet2 where ahead 7% at 1,102.14p.

Looking to the next year, Jet2 also noted that summer 2024 was already on sale with growth in seat capacity of around 11%.

Russ Mould, investment director at AJ Bell, said: "Holidays have become a lot more expensive over the past year, so there has been some nervousness that companies like Jet2 would find it harder going. So far, those fears look overblown.

"Jet2 is pushing hard on its package holidays being the solution for price conscious travellers and the message seems to be resonating with this target market."

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Jet2 Market Data

Currency UK Pounds
Share Price 1,628.00p
Change Today -10.00p
% Change -0.61 %
52 Week High 1,945.00p
52 Week Low 1,159.00p
Volume 488,682
Shares Issued 205.75m
Market Cap £3,349.53m

Jet2 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.21% below the market average26.21% below the market average26.21% below the market average26.21% below the market average26.21% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
72.71% above the market average72.71% above the market average72.71% above the market average72.71% above the market average72.71% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Income
49.44% below the market average49.44% below the market average49.44% below the market average49.44% below the market average49.44% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
81.62% above the market average81.62% above the market average81.62% above the market average81.62% above the market average81.62% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 2
Sell 0
Strong Sell 0
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Jet2 Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Sep-25 02-Jan-25
Paid 22-Oct-25 07-Feb-25
Amount 12.10p 4.40p

Trades for 29-Aug-2025

Time Volume / Share Price
16:35 91,688 @ 1,628.00p
16:35 96 @ 1,628.00p
16:35 86 @ 1,628.00p
16:35 359 @ 1,628.00p
16:35 74 @ 1,628.00p

Jet2 Key Personnel

CEO Stephen Heapy

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