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Jet2 bullish on 2022 outlook despite £374m annual loss

Government
James Chapple
8 July 2021

An uptick in package holiday sales for summer 2022 has given Jet2.com and Jet2holidays confidence next summer will be a "considerable improvement" on summers 2020 and 2021 – both of which have been decimated by the Covid crisis.

Jet2 Jet2holidays Aircraft Web.jpg

New routes include Rome, Malta, Chambery and Prague

The airline and operator cut a bullish tone on Thursday (8 July) despite posting a full-year (2020/21) annual loss of £373.8 million during what chair Philip Meeson described as a "period of unparalleled operational and financial challenges", a swing of some £638 million from a £264.2 million pre-pandemic annual profit.


The group said preserving cash became its top priority during the pandemic; it ended its full-year to 31 March with total cash amounting to £1.379 billion and own cash of £1.061 million.