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Jet2 to increase full-year profit forecast after demand soars

Operators
Will Payne
26 January 2023

Jet2 has upgraded it annual profit forecast to £385 million for the year to 31 March 2023 after it saw a recent surge in bookings and prices.

Steve Heapy, chief executive of Jet2.com and Jet2holidays, said the 2023 October half-term period is proving to be an "extremely popular time” for families to take a holiday

The carrier will deploy an extra aircraft at the base to support the expansion

In a recent trading update, the airline and operator said winter 2022/2023 forward bookings have continued to strengthen throughout December and January.

The company’s average load factors are now slightly ahead of winter 2018/2019 – against a 24% increase in seat capacity – with pricing and margins "significantly" higher. 

The mix of package holiday customers has remained consistent at around 60% of total departing passengers for the season, 16% higher than winter 2018/2019.