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 upgrades full-year profit expectations

By Michele Maatouk

Date: Thursday 26 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Jet2 upgraded its full-year profit expectations on Thursday as it said winter forward bookings had continued to strengthen.
In an update for the year to the end of March 2023, the company said winter 2022/23 forward bookings continued to strengthen throughout December and January. As a result, average load factors are now slightly ahead of winter 2018/19 at the same point, with pricing and margins significantly higher.

In addition, the mix of package holiday customers has remained consistent, at around 60% of total departing passengers for the season, 16 percentage points higher than winter 2018/19.

Jet2 said that "given these positive indicators", it now expects to exceed current average market expectations of £317m and report a group profit before foreign exchange revaluation and taxation of £370m to £385 for the year ending 31 March 2023.

The company said seat capacity for summer 2023 is currently 6.6% higher than a year earlier, at 15.2m seats, while forward bookings to date are "encouraging". In addition, average load factors for summer 2023 are ahead one percentage point versus the same point a year earlier, "with pricing strong and margins encouraging".

Jet2 did highlight some negatives, however, noting that it continues to face input cost pressures including fuel, carbon, a strengthened US dollar and wage increases, which may mean margins come under some pressure.

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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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