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Evening Standard
Evening Standard
Henry Saker-Clark

Jet2 set to reveal jump in profits amid rise in last-minute bookings

Jet2 is set to reveal stronger profits (Nicholas T Ansell/PA) - (PA Wire)

Jet2 is expected to deliver stronger profits for the past year amid a jump in holidaymakers booking last-minute trips.

However, investors will be keen for more guidance from the company about how delays to plane deliveries and travel disruption will impact its performance in the new financial year.

The Leeds-based holiday operator and airline will report its finances for the year to March 31 on Wednesday July 9.

Jet2 is expected to reveal that profits have risen (Andrew Milligan/PA) (PA Archive)

It is expected to reveal that profits have risen by as much as 10% to between £565 million and £570 million, having originally indicated profits of around £540 million late last year.

Analysts have also predicted a sharp jump in sales, with Panmure Liberum predicting sales of £7.21 billion for the year to March, up from £6.25 billion a year earlier.

Earlier this year, the company had seen shares waver after warning shareholders in February that it was facing higher hotel and flight costs and the delayed delivery of planes over the summer season.

Nevertheless, Jet2 pointed towards a positive outlook in its previous update in April, helping drive a rise in the firm’s share price, which ultimately struck record levels last month.

It has managed to grow profits despite above-inflation cost rises affecting key expenses including hotel accommodation, aircraft maintenance and general airport charges.

Jet2 also previously cautioned over the delayed delivery of new planes which will see it incur additional costs to cover aircraft gaps over the peak summer period.

Jet2 has pointed towards an 8% jump in summer bookings, and is likely to have benefited from a trend towards more last-minute bookings (Peter Byrne/PA) (PA Wire)

Shareholders will therefore be keen to see if this has impacted key summer trading.

The company has pointed towards an 8% jump in summer bookings and is likely to have benefited from a trend towards more last-minute bookings.

Investors will be keen for a more detailed outlook on what profits will look like in the 2026 financial year after the company failed to give significant guidance in the previous update.

Michael Hewson, MCH market insights, said: “Interestingly there was little market reaction to the reluctance to provide any sort of guidance for 2026.

“Hopefully we’ll get more detail on that as well as further updates when it comes to its summer and winter bookings.”

Shareholders will also be interested to know if the business has been impacted by recent disruption in the industry, such as the French air traffic control strike this week.

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