Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Jet2 'encouraged' by early bookings, slightly raises profit guidance

(Sharecast News) - Leisure travel group Jet2 said on Thursday that it was "encouraged" by early bookings for Summer 2024, leading it to "tighten and slightly raise" full-year profit guidance. Jet2 stated that against a 20.5% increase in on-sale seat capacity, Winter 2023/24 forward bookings had "performed well", with passenger sectors booked currently up by 17% and average pricing for both flight-only and package holiday products "robust".

The London-listed group said the mix of higher margin per passenger package holiday customers was "slightly ahead" of last Winter at approximately 60%.

Jet2 also noted that with February and March bookings displaying "similar trends to recent months" it had opted to "tighten and slightly raise" guidance for group profit before FX revaluation and taxation for the year ending 31 March to between £510.0m-525.0m from £480.0m-520.0m.

The company added that on-sale seat capacity for Summer 2024 was currently 12.5% higher than a year earlier at 17.2m seats. Forward bookings to date were said to be "encouraging", with average load factors 1.5 percentage points ahead of Summer 2023 at the same time. Package holiday customers were up 17%, with the package holiday mix of total departing passengers at approximately 77% - in line with Summer 2023 at the same point in the booking cycle.

As of 0935 GMT, Jet2 shares were up 4.37% at 1,384.0p.

Reporting by Iain Gilbert at

Share this article

Related Sharecast Articles

Frontier IP appoints new finance chief
(Sharecast News) - Intellectual property commercialisation specialist Frontier IP announced the appointment of Jo Stent as its new chief financial officer on Friday, effective from 22 April.
Directa Plus asphalt technology laid at Imola Circuit
(Sharecast News) - Graphene nanoplatelet specialist Directa Plus announced on Friday that 'GiPave', an asphalt solution incorporating graphene and recycled plastics, was being installed at the Imola Circuit ahead of the Emilia-Romagna Grand Prix in May.
Huddled Group buys Food Circle for £0.3m
(Sharecast News) - E-commerce investor Huddled Group announced the acquisition of online retailer Food Circle Supermarket on Friday, for total consideration of up to £0.3m.
Bens Creek shares fall as it moves mine into care and maintenance
(Sharecast News) - Shares in North American metallurgical coal miner Bens Creek were sliding on Friday afternoon, after the company issued an update on its operations and working capital position, confirming that its West Virginia mine was moving into care and maintenance.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.