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Jet2 plc returns to profit as package sales run ahead of 2022

Operators
James Chapple
6 July 2023

Jet2 plc has rebounded strongly to profit off the back of summer and winter seasons largely unaffected by Covid, and following a material uptick in package holiday customers.

Clash of the titans

Jet2 is filling more and more of its seats with package holidays customers

The airline and operator on Thursday (6 July) revealed a pre-tax profit of £371 million for its 2022/23 full-year (year to 31 March 2023), a wholesale swing from a £389 million loss in its previous full-year.


This also compares with a £153 million pre-tax profit in its 2019/20 full-year (year to 31 March 2020), which was only marginally affected by the onset of the pandemic.


Jet2.com flew 16.22 million passengers during its latest reporting period on a load factor of 90.5%, with package holiday customers representing nearly two-thirds (65%) of those who travelled with the company, up from 51.3% a year earlier and 13.2 percentage points ahead of 2019/20.