Jet2: Winter sun seekers boost package holiday firm’s profit expectations to £385m flying high 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 [...]
Jet2 recovers from covid and summer travel chaos with 730 per cent revenue boom TAKE OFF 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 orders 35 Airbus planes for £3.4bn to meet travel demand PLANE ORDER 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’s summer seat sales outshine 2019 levels as package holidays boom September 1, 2022 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 becomes Jet2 investor to end promotion of marine parks August 31, 2022 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. [...]
Jet2 FY23 performance will depend on services returning to normal following travel chaos July 7, 2022 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.
Jet2 braces itself for bumper loss as holiday giant crashes £383m into the red April 8, 2022 Holiday giant Jet2 has said the relaxation of UK travel restrictions led to a significant increase in bookings in February and March, although the firm still expects a bumper loss for the past year. The company said bookings for the period approached “seasonal norms as customer confidence in travelling internationally rallied”. The West Yorkshire-based travel [...]
Jet2’s operating losses go up due to customer anxiety November 18, 2021 UK low-cost carrier Jet2 registered a 53 per cent increase in operating loss as a result of the Covid-19 air travel restrictions and consequent customer anxiety. In its half year results, the airline’s losses went up to £170.4m, compared with £111.2m registered in 2020, while the group’s loss before foreign exchange revaluation and taxation increased [...]
Athens calling: UK airlines prepare for Greece summer boom November 8, 2021 UK airlines are increasing the number of flights to Greece in preparation for next summer’s boom in tourism, the Financial Times reported. Carriers are ramping up their pre-pandemic capacity, with Jet2 adding 1 million seats compared to 2019’s capacity and Easyjet increasing its tickets by 500,000. “Having met most of the tour operators and airline [...]