New Aircraft & New Successes: Jet2 Generates Strong Profit

New Aircraft & New Successes: Jet2 Generates Strong Profit
Photo Credit: Jacob Jones/AviationSource

From the first two Airbus A321neo aircraft to its continued and new successes, Jet2 has generated a strong profit as holiday travel rebounds.

This week saw the British holiday carrier announce its financial statements, which are a significant improvement from last year.

Without further ado, let’s get into it…

Jet2’s Strong Profit…


New Aircraft & New Successes: Jet2 Generates Strong Profit
Photo Credit: Harrison Rowe/AviationSource

For the period after taxation, Jet2 posted a staggering profit of £290.8 million, which is up considerably from its loss of £315.4m made in 2022.

In comparison to 2020, the carrier’s profits have risen 151% from £116m up to 2023’s figure, highlighting the incredible bounceback the carrier has had.

For passenger numbers, the British holiday carrier carried 16.22 million passengers, which is an increase of 234%, with load factors rising a staggering 21 percentage points to 90%.

The Executive Chairman of Jet2, Philip Meeson, had this to say about the results:

“The resumption of international travel in early 2022 resulted in the Group’s financial performance for
the year ended 31 March 2023 exceeding our pre-pandemic performance for the year ended 31 March
2020.”

“The positive progress reflects the decisions made in late 2021 to retain over 8,000 loyal Colleagues
throughout the pandemic, recruiting and training in good time for Summer 2022, making early and
substantial marketing investments, and giving meaningful salary increases to all Colleagues.”

“It also demonstrates the robust and sustainable nature of our business model.”

Demand Is Clearly Busy In The Summer 2023 Season…


Photo Credit: Kyle Hayes/AviationSource

Demand is clearly already there for Jet2 in the Summer 2023 season, and they can’t receive new aircraft quickly enough.

The first two of its Airbus A321neos, G-SUNB & G-SUNC, have already been delivered to the airline.

G-SUNB was delivered to the airline in April 2023, and since then, it has completed over 150 commercial sectors and counting.

As for G-SUNC, it was delivered at the end of June and has completed over five sectors since it entered commercial service on July 5, as per data from RadarBox.com.

Photos have begun surfacing on social media about G-SUNC not even being painted into full Jet2Holidays colors due to the fact that the airline is wanting to get the aircraft into commercial service as quickly as possible.

What remains clear is that the successes don’t stop here for Jet2. They will continue to cater to the demand as quickly as they can, and the addition of the A321neos will assist in this in the years to come.

Check Out Our Socials!

Up Coming Events

Paris Airshow 2023 18-23 June
Days
Hours
Minutes
Seconds
Be Sure To Check out our 24 Live blog for Live and accurate Coverage of the Airshow!

Popular Posts

You May Also Be Intrested In

More News.....

On Key