The package holiday market leader on Wednesday (19 February) said it expected to make a pre-tax profit of £560 million to £570 million in the year to 31 March 2025, an increase of 8-10%.
However, looking ahead to the next financial year, chief executive Steve Heapy warned the wider economy and demands on discretionary incomes – combined with the later booking profile and cost headwinds – “may mean profit margins in the year ahead come under some pressure”.
The statement was badly received by investors, with Jet2’s share price down more than 10% immediately afterwards.
