In a trading update, issued on Tuesday (29 April), the market leader said it continued “to see a late booking profile, which limits forward visibility”.
Jet2 said summer 2025 capacity was 8.3% higher than last summer, with 18.6 million seats. New bases at Bournemouth and Luton airports will contribute approximately 4% of this growth.
"Given the later bookings, currently our flight-only mix of passengers is a little higher than the prior year," said Jet2.
"Pricing remains stable, with our package holiday product displaying a modest average increase and flight‐only a slight increase, helping to mitigate previously announced input cost increases. Bookings for our two new bases remain encouraging.”
Chief executive Steve Heapy said: “Although it is still very early in FY26, we are satisfied with progress for summer 2025 so far.”
Jet2 expects its profits to increase by around 9% when it confirms results for its 2024/25 financial year, which ended last month. It said it expected group profit for the year to 31 March 2025 to be £565-£570 million, excluding a £10 million bonus from the sale of its Boeing 757 fleet.
Jet2 said it had £3.2 billion in cash, of which £1.1 billion was "own cash", which excludes customer balances.
It added: “Operationally, we are well set for a successful summer 2025 season with the required number of aircraft. We are also over 95% hedged for fuel and foreign exchange for the season, over 80% for the full financial year and 100% hedged for carbon emissions, providing important cost certainty.
It said it was “satisfied” with 2026 progress so far, but added: “We remain mindful of the potential impact of the current geo-political and macro-economic environments.”
It said limited forward visibility meant it was “too early” to provide a profit forecast for 2026. Jet2 will reveal its full financial results for the 2024/25 full-year on 9 July.
