Jet2 PLC

Jet2 PLC (AIM:JET2) said holidaymakers are booking later, especially for flight-only deal deals, but revenues stormed ahead last year even so. Profits at the package holiday giant rose by 43% to £428 million in the year to end March 2024, with revenues up 24% at £6.25 billion helped by an 11% increase in package holiday prices to £830 on average. » Mehr auf proactiveinvestors.co.uk

Jet2 PLC (AIM:JET2) share price has run into a bout of turbulence recently with Ryanair's caution about forward demand knocking its rivals and what the UK carrier says about forward booking will be the focus I this Thursday's (11 July) results. UBS expects full-year revenues of £6.5bn (FY23: c£5bn), underlying profit [Ebit] of c£435m (FY 23: £394m) and net income of £401m (2023: £291m). » Mehr auf proactiveinvestors.co.uk

Jet2's share price drop is unjustified according to the analysts at Deutsche Bank and largely the fault of rival Ryanair's weakening yield outlook for this summer, in our view. But, unlike the low-cost carriers, Deutsche Bank says Jet2 is primarily a tour operator with 70% of seats sold as part of a package holiday. » Mehr auf proactiveinvestors.co.uk