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Jet2 bullish about 2024 as it issues upbeat profit forecast

Operators
Gary Noakes
15 February 2024

Jet2.com and Jet2holidays has raised its profits guidance ahead of its financial year end signalling “encouraging” summer 2024 bookings.

Jet2 Jet2holidays iStock-1442305441 (Credit: iStock)

Jet2 will operate flights from five UK airports next year for Princess Cruises and Fred Olsen Cruise Lines (Credit: iStock)

The operator now predicts a pre-tax profit of £510-£525 million for the 12 months to 31 March 2024 compared with a previous estimate of £480-£520 million.

In a trading statement, Jet2 said it was optimistic about the current winter season. “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.

"The mix of higher margin per passenger package holiday customers is slightly ahead of last winter at approximately 60%, which is particularly pleasing given the resurgence of city breaks in this period.”