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Jet2 'mindful' of £25 million Budget blow despite record results

Government
Harry Kemble
21 November 2024

Jet2.com and Jet2holidays has revealed the extent to which its profits could be dented by rising employment costs following the Budget, despite posting record six-month financial results.

Jet2 Bristol Steve Heapy and Team.png

Steve Heapy and his team expect labour costs to increase by around £25 million annually (Credit: Jet2.com)

The airline and operator, the UK’s largest Atol holder, on Thursday (21 November) revealed it estimates the recent Budget will increase its labour costs by around £25 million a year.

Jet2 said it continues to be “mindful of the potential indirect impacts of ongoing geopolitical political challenges and the financial impacts of the recent UK Budget" noting employment costs, "in particular".

The group delivered record performance in terms of passenger numbers, revenues and profitability during the six months to 30 September 2024, its first-half.