Jet2 (JET2)

Sector:

Commercial Transport

Index:

FTSE AIM 50

1,442.00p
   
  • Change Today:
      23.00p
  • 52 Week High: 1,450.00
  • 52 Week Low: 991.50
  • Currency: UK Pounds
  • Shares Issued: 214.68m
  • Volume: 325,370
  • Market Cap: £3,095.70m

Jet2 to buy up to 60 Airbus planes for expansion

By Sean Farrell

Date: Tuesday 31 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Jet2 has agreed to buy up to 60 planes from Airbus with a total list price of $8.1bn (£5.9bn) to expand and upgrade its existing fleet.
The tour operator and airline said it would buy 36 Airbus A321 planes to be delivered over five years until 2028 with a current list price value of $4.9bn. It said it had negotiated significant discounts on the list price.

Jet2 said it had the option to increase its order to 60 aircraft with a total value of $8.1bn before discounts. It will fund the purchases through internal resources and debt.

Executive Chairman Philip Meeson said: "We are delighted to have placed this order with Airbus and are proud to operate this aircraft which has more seats, provides additional operating benefits through lower fuel consumption and is, in our opinion, the most efficient and environmentally friendly aircraft in its class today."

Jet2 shares fell 1.2% to £11.48 at 12:59 BST.

Jet2 is the UK's second-biggest holiday tour operator and owns the country's third-largest airline. It flies passengers to more than 70 European destinations. Like other travel groups Jet2 has been hit by the Covid-19 crisis, sending it to a loss for the year to the end of March.

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Jet2 Market Data

Currency UK Pounds
Share Price 1,442.00p
Change Today 23.00p
% Change 1.62 %
52 Week High 1,450.00
52 Week Low 991.50
Volume 325,370
Shares Issued 214.68m
Market Cap £3,095.70m

Jet2 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.34% below the market average15.34% below the market average15.34% below the market average15.34% below the market average15.34% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Price Trend
82.86% above the market average82.86% above the market average82.86% above the market average82.86% above the market average82.86% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Income
58.13% below the market average58.13% below the market average58.13% below the market average58.13% below the market average58.13% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
61.59% above the market average61.59% above the market average61.59% above the market average61.59% above the market average61.59% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average

What The Brokers Say

Strong Buy 7
Buy 6
Neutral 0
Sell 0
Strong Sell 0
Total 13
strong_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
  Interim Final
Ex-Div 28-Dec-23 21-Sep-23
Paid 02-Feb-24 25-Oct-23
Amount 4.00p 8.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 151,795 @ 1,442.00p
16:35 364 @ 1,442.00p
16:35 326 @ 1,442.00p
16:35 2,611 @ 1,442.00p
16:35 1,499 @ 1,442.00p

Jet2 Key Personnel

CEO Stephen Heapy

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