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Jet2 expects to exceed profit forecasts for the year ahead, despite a summer of disruption caused by last weeks’ air traffic control shutdown and rampant wildfires on the Greek Island of Rhodes. Annual pre-tax profits on a constant currency basis are expected to hit between £480m to £520m, after the months of July and August [...]
TUI reported its revenues overtook pre-pandemic levels in its half year results this morning, as it cashed in on increased bookings and a boom in summer travel demand. The travel company reported revenues of £2.78bn (€3.2bn), a £870m (€1.bn) improvement on the previous year, with bookings hitting 12.9m across the winter and summer seasons. Losses [...]
Leisure travel company Jet2 has raised its profit expectations to between £387m and £392m this morning, for the year ending 31 March 2023. The company has reported sale seat capacity for Summer 2023 as 7.2 per cent higher than the previous year, at 15.26 million. Forward bookings remain encouraging, with package holiday customers representing just [...]
Jet2holidays has overtaken Tui to become the UK’s largest tour operator for the first time. Data published by the Civil Aviation Authority shows Jet2holidays is licensed to provide package holidays to 5.9 million people in the year to the end of September. That is compared with 5.3 million for Tui. Jet2holidays will operate its largest summer programme this [...]
Package holiday firm Jet2 has raised its profit expectations for the year ending March 2023 amid soaring winter bookings. The company, which has estimated its profits at £385m for the 12-month period, reported that sale of seats this summer is 6.6 per cent higher than last year at 15.2m, while forward books are dominated by [...]
Low cost leisure airline Jet2 had a whopping 730 per cent rise in revenue and booming profits of more than £350m as Brits flock on holiday post-pandemic. The listed firm announced strong half-year results up until the end of September, with profit before foreign exchange valuation up to £505m, following a £195m loss in 2021. [...]
Jet2 has ordered 35 A320 neo aircraft for $3.9bn (£3.4bn) from Airbus as it remains confident demand for package holidays will continue to surge over the next decade. The deal comes on the heels of Jet2 placing an order for 36 A321 neo last year – its first purchase from Airbus after years of loyalty [...]
Jet2.com and Jet2holidays’s summer sale seat capacity was 14 per cent higher than 2019 levels as the travel giant banks in on the post-pandemic rush. Executive chairman Philip Meeson told shareholders during Jet2’s AGM package holiday customers continued to display a materially higher mix of the total departing passengers, up 13 per cent in this summer. He [...]
PETA US has become a Jet2 shareholder to end the firm’s promotion of marine parks, accused of mistreating cetaceans. Representatives for the animal rights’ organisation will speak tomorrow to Jet2’s annual general meeting, while a group of activists – including two dressed as “chained orcas” – will demonstrate outside 107 Cheapside, in the City’s heart. [...]
Group operating loss for Jet2 was sliced by by four per cent to £323.9m as the travel giant felt the sting of disrupted travel in its full year results.
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