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Jet2

March 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • Jet2
  • Price:
  • 1402p
The travel environment remains strong with Jet2 reporting that against a 20.5% increase in on sale seat capacity, Winter 2023/24 forward bookings have performed well with passenger sectors booked currently up by 17% and average pricing for both flight-only and package holiday products robust. Package mix is “slightly ahead” at 60%. Consequently, Jet2 has lifted its guidance for the year to end March yet again. It now expects a pretax profit pre FX of between £510-525m vs £480-520m previously.   Early Summer 2024 KPIs are robust with on sale seat capacity currently 12.5% higher than Summer 2023 at 17.2m seats. Forward bookings to date are encouraging, with average load factors 1.5ppts ahead of Summer 2023 at the same point. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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