1st Sep 2022 11:50
(Alliance News) - Jet2 PLC on Thursday said its overall customer booking have remained consistently strong, and its pricing has remained robust, with the "difficult return" to normal operations experienced in the summer having "significantly" abated.
The Leeds-based low-cost airline said package holiday customers have continued to represent a materially higher mix of its total departing passengers. Jet2 said these proportion of these customers was only 1.4 points behind summer 2019, despite a 14% increase in seat capacity since then.
Winter forward bookings are "satisfactory," the firm said, with average load factors matching that of winter 2019 at the same point in time, despite a 2% increase in seat capacity since then.
The firm added it is currently on track to achieve its current market expectations for full-year profit before foreign exchange revaluations and taxation, though it acknowledged there was "some way still to go" in the leisure travel winter booking cycle.
In its last financial year that ended March 31, 2022, the company reported a pretax loss of GBP388.8 million.
Shares in Jet2 were down 0.3% at 852.00 pence on Thursday in London.
The company will publish its interim results on November 24.
By Heather Rydings; [email protected]
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