Jet2 (JET2)

Sector:

Commercial Transport

Index:

FTSE AIM 50

1,267.00p
   
  • Change Today:
    -13.00p
  • 52 Week High: 1,519.00
  • 52 Week Low: 991.50
  • Currency: UK Pounds
  • Shares Issued: 214.68m
  • Volume: 209,723
  • Market Cap: £2,720.01m

Jet2 summer bookings rise, warns of more competitive pricing

By Iain Gilbert

Date: Wednesday 24 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Package holidays provider Jet2 warned on Wednesday that pricing had become more competitive in recent months but said summer bookings had grown year-on-year.
Jet2 said summer package holiday bookings were up 13% year-on-year, while flight-only bookings had risen 18% compared to the same period twelve months earlier. Pre-tax profits for the year ended 31 March were said to be roughly 33% stronger at £515.0m to £520.0m - the mid-point of the group's previous guidance.

The AIM-listed group stated capacity was now 12.3% higher year-on-year at 17.1m seats, with the summer season already being 55% sold, putting load factors ahead by 1% year-on-year.

Jet2 also said there had been a "modest increase" in pricing, easing cost pressures, and noted that over 80% of fuel requirements had already been purchased, somewhat insulating the firm from ongoing tensions in the Middle East.

"Operationally, we are well set for a successful summer 2024 season with the required number of aircraft to support our flying programme and sufficient, fully trained resources to operate," said Jet2.

However, Jet2 cautioned that pricing had become more competitive ahead of the all-important summer trading period, potentially indicating that pricing power previously enjoyed by the sector was now starting to ease.

As of 1130 BST, Jet2 shares were 5.78% lower at 1,401.97p.









Reporting by Iain Gilbert at Sharecast.com

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Jet2 Market Data

Currency UK Pounds
Share Price 1,267.00p
Change Today -13.00p
% Change -1.02 %
52 Week High 1,519.00
52 Week Low 991.50
Volume 209,723
Shares Issued 214.68m
Market Cap £2,720.01m

Jet2 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.63% below the market average2.63% below the market average2.63% below the market average2.63% below the market average2.63% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Price Trend
47.04% above the market average47.04% above the market average47.04% above the market average47.04% above the market average47.04% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Income
55.67% below the market average55.67% below the market average55.67% below the market average55.67% below the market average55.67% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
63.86% above the market average63.86% above the market average63.86% above the market average63.86% above the market average63.86% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% 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
  Interim Final
Ex-Div 28-Dec-23 21-Sep-23
Paid 02-Feb-24 25-Oct-23
Amount 4.00p 8.00p

Trades for 14-Jun-2024

Time Volume / Share Price
16:11 125 @ 1,267.00p
16:11 104 @ 1,267.00p
16:11 14 @ 1,267.00p
16:11 111 @ 1,267.00p
16:11 1,000 @ 1,266.95p

Jet2 Key Personnel

CEO Stephen Heapy

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