Jet2 (JET2)

Sector:

Commercial Transport

Index:

FTSE AIM 50

1,437.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 1,519.00p
  • 52 Week Low: 1,017.00p
  • Currency: UK Pounds
  • Shares Issued: 214.68m
  • Volume: 300,314
  • Market Cap: £3,085.01m

Jet2 strengthens balance sheet ahead of restart of flying operations

By Alexander Bueso

Date: Wednesday 02 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Jet2 announced that it was strengthening its balance sheet by selling debt, ahead of the restart of flying operations on 24 June.
It also announced that it had further boosted its liquidity after clinching a new credit facility.

The leisure travel operator said it would sell £375m of convertible bonds maturing in 2026 and that it had inked a £150m term loan.

The carrier also put its 'own cash', net of advance customer deposits, at £1.06bn, which was twice the amount held at the end of the previous year.

That was better than it had anticipated as recently as its share placing in February.

Jet2 said the short-term outlook continued to be "uncertain" but added that it was encouraged by bookings for the Winter 2021/22 and Summer 2022 seasons.

"Based on this limited visibility, we are confident that once normality returns, our Customers will be determined to enjoy the wonderful experience of a well-deserved Jet2 holiday."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Jet2 Market Data

Currency UK Pounds
Share Price 1,437.00p
Change Today -5.00p
% Change -0.35 %
52 Week High 1,519.00p
52 Week Low 1,017.00p
Volume 300,314
Shares Issued 214.68m
Market Cap £3,085.01m

Jet2 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.9% below the market average29.9% below the market average29.9% below the market average29.9% below the market average29.9% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Price Trend
72.44% above the market average72.44% above the market average72.44% above the market average72.44% above the market average72.44% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Income
45.38% below the market average45.38% below the market average45.38% below the market average45.38% below the market average45.38% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
79.12% above the market average79.12% above the market average79.12% above the market average79.12% above the market average79.12% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average

What The Brokers Say

Strong Buy 7
Buy 8
Neutral 1
Sell 0
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Jet2 Dividends

  Latest Previous
  Final Interim
Ex-Div 19-Sep-24 28-Dec-23
Paid 23-Oct-24 02-Feb-24
Amount 10.70p 4.00p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 17,383 @ 1,437.00p
16:35 123,344 @ 1,437.00p
16:35 1 @ 1,437.00p
16:35 126 @ 1,437.00p
16:35 222 @ 1,437.00p

Jet2 Key Personnel

CEO Stephen Heapy

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