Jet2 Continues Strong Momentum in the Market

A new Jet2 Airbus A321neo in the hangar.
Photo Credit: Jet2 via Facebook

Jet2 has provided its latest trading update, showcasing its forward bookings and capacity for the end of FY24 and FY25.

This article will cover the details surrounding Jet2’s latest trading update and what this shows for the British leisure carrier.

Jet2’s Latest Trading Update

A Jet2 737 touches down in Manchester.
Photo Credit: Riik@mctr, CC BY-SA 2.0, via Wikimedia Commons

Starting things off, the British operator will finish the end of the current financial year (FY24) on a high with forward bookings up by 17% this season coupled with a higher per passenger margin for package holidays sitting at approx. 60%.

With the extra day this year in February and an earlier Easter period, Jet2 has revised its Group profit before taxes and FX revaluation, increasing from between £480 million to £520m to now fall somewhere between £510 million and £525 million.

Looking ahead at the incoming financial year (FY25), package holiday customer bookings are up by 17%. This is helped by the carriers increased seat capacity during Summer 2024 at 12.5% higher than Summer 2023, primarily due to more aircraft in the operators fleet and their 11th base airport opening in Liverpool.

At present Jet2 has already taken delivery of five new Airbus A321neo’s with a further six expected before the end of FY25.

Jet2’s Chief Executive Officer, Steve Heapy, has comment on their latest trading update, saying, “We are pleased with how the 2024 financial year is ending and are encouraged by early bookings for Summer 2024.”

“Whilst recognising that there are many demands on consumer discretionary incomes, we believe that our Customers cherish their time away from our Rainy Island and want to be properly looked after throughout their holiday experience.”

“As a customer focused and much trusted holiday provider, we remain confident they will continue to travel with us to the sun spots of the Mediterranean, the Canary Islands and to European Leisure Cities.”

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By Jamie Clarke 2 Min Read
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