29th Apr 2026 11:00
(Alliance News) - Jet2 PLC on Wednesday said it expects to report full-year profit in line with expectations as it flagged customers were delaying bookings to the last minute amid the Middle East crisis.
The Leeds-based provider of package holidays and flights said sale capacity for the summer is currently 7.7% higher year-on-year, at 19.9 million seats.
Booked to date passengers are up by 6.2% on-year with both package holidays and flight-only showing positive growth.
But since the start of the conflict in the Middle East, Jet2 said "the booking profile has become increasingly close to departure".
For the quarter to June, the first of Jet2's financial year, the current combined average load factor is in line with the prior year, with the "current geopolitical uncertainty limiting visibility for the peak summer season and beyond."
Jet2 said it continues to "invest in load factor and remain fully committed to pricing that is attractive and represents real value."
For the financial year to March, expects to report operating profit of GBP435 million to GBP440 million, down from GBP446.5 million the year prior, in line with current market expectations. This includes GBP11 million of promotional and resourcing startup costs associated with the launch of its London Gatwick base, which started operations in March.
Jet2 said its balance sheet remains strong, with total cash at March 31 of GBP3.3 billion, net cash of GBP2.0 billion and access to an undrawn GBP500 million revolving credit facility.
Shares in Jet2 shook off a weak open to trade 1.1% higher at 1,081.54 pence each in London on Wednesday.
By Jeremy Cutler, Alliance News reporter
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