An investment bank has labelled Jet2 plc its “top pick” in travel after the airline and operator posted strong half-year results, indicative of a healthy rebound from the pandemic.
(Credit: Ondrej Bocek / Unsplash)
Stifel recommended investing in the brand after Jet2.com and Jet2holidays on Thursday (24 November) returned to profitability in the six months to the end of September 2022.
These “confirmed a strong rebound in summer 2022”, Stifel said, with pre-tax profit up 44% on pre-pandemic levels to £505 million. “Jet2 remains our top pick in the travel space,” it said, adding the stock market was “underestimating the company’s strong business model” and near £2 billion cash pile.
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