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Jet2 firms up major aircraft order as annual profits jump by a third to £520 million

Operators
James Chapple
11 July 2024

Jet2.com and Jet2holidays has firmed up its full order for 146 new aircraft off the back of a surge in annual profits to more than £500 million, up by a third year-on-year.

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 airline and operator’s profit for the year to 31 March 2024, before FX revaluation and taxation, ran to £520.1 million, up 33% from the £390.8 million it posted last year.


Operating profit ran to £428.2 million, up 9% from £394 million last year, while revenue increased by around a quarter (24%) from just over £5 billion to £6.25 billion.


Jet2 said the results represented record revenues and profitability, with record passenger numbers of 17.72 million – up from 16.22 million last year – completing a hat-trick.