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Jet2 PLC ( (GB:JET2) ) has issued an announcement.
Jet2 plc reports an anticipated profit growth of 8% to 10% for the financial year ending March 2025, despite a decrease in average load factor and competitive pricing pressures. The company has expanded its seat capacity for both winter 2024/25 and summer 2025, with new bases at Bournemouth and London Luton contributing to this growth. However, these new bases are expected to be modestly loss-making initially due to their late introduction. Inflationary pressures and additional costs from government regulations pose challenges, but strategic investments in new aircraft and cost hedging are helping to mitigate these issues. Jet2 is focused on maintaining its Customer First proposition, even as macroeconomic conditions may pressure profit margins. The company remains confident in its ability to attract customers due to its trusted brand and comprehensive holiday offerings.
More about Jet2 PLC
Jet2 plc is a Leisure Travel Group that includes Jet2holidays, the UK’s leading provider of ATOL protected package holidays to popular leisure destinations like the Mediterranean, Canary Islands, and European Leisure Cities. It also comprises Jet2.com, the UK’s third-largest airline by passenger numbers, specializing in scheduled holiday flights. The company operates from 12 UK airport bases, with a new base at London Luton airport set to begin operations in April 2025.
YTD Price Performance: -1.47%
Average Trading Volume: 1,915
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.26B
See more data about JET2 stock on TipRanks’ Stock Analysis page.
