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Spike in package bookings sees Jet2 upgrade full-year profit forecast to nearly £400m

Operators
James Chapple
20 April 2023

Jet2 plc has upgraded its full-year 2022/23 profit forecast to nearly £400 million, despite cost pressures, following an uptick in package holiday customers, with the group also playing down the prospect of any repeat of last year’s summer "travel chaos" impacting its operations.

(Credit: Ondrej Bocek / Unsplash)

(Credit: Ondrej Bocek / Unsplash)

In January, the airline and operator – now the UK’s largest Atol holder – predicted pre-tax group profit of somewhere in the region of £370 million to £385 million. However, it has now revised this up to a pre-tax group profit outlook of £387 million to £392 million for the year to 31 March 2023.

The group will make a preliminary full-year results announcement in early July, at which point it has promised a deeper dive into the outlook for summer 2023.