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Jet2 PLC shares slumped on Thursday as it expects annual towards the lower end of consensus, amid a ‘difficult market’. Jet2 shares plunged 14% to 1,390.00 pence each in London on Thursday morning. With a value of £2.86 billion, it is the largest constituent of the AIM market. The provider of package holidays and flights said summer 2025 on sale seat capacity stood at 18.5 million, up 8.0% on-year. It added that it has seen a ‘more pronounced’ trend of bookings being made closer to departure dates. ‘To the end of August flown package holiday customers grew by 2%, with flight-only passengers rising by 17%, demonstrating the flexibility of our operating model and supporting our growth and market expansion. Average package holiday pricing continues to display a modest increase, whilst net ticket yields for our flight-only product have become increasingly attractive, in part supported by the reallocation of marketing monies into price to improve conversion, alongside balanced cost control,’ Jet2 said. Jet2 reported that it has ‘chosen to exercise capacity discipline’ for the winter. It has reduced on sale seats to 5.6 million from 5.8 million. It noted this represents a 9% increase on-year. ‘We plan to maintain attractive pricing to ensure our customers are able to get away from it all and enjoy a relaxing holiday,’ it added. Due to the ‘limited visibility’ as a result of the later booking profile, Jet2 said it now expects earnings before interest and tax to be ‘towards the lower end of the consensus range’ for the financial year ending March 31. It puts the consensus range at £449 million to £496 million. This would represent a rise from £446.5 million in financial 2025. It added that it is ‘premature to provide definitive guidance’ for annual profit, however. Chief Executive Officer Steve Heapy said: ‘Although we are currently operating in a difficult market, we have a proven business model, a loyal customer base, a flexible approach to capacity management and of course our multi award-winning customer service. We believe that these factors provide the foundation for a solid financial result this year and for further profitable growth in the years to come.’ Jet2 releases half-year results on November 19. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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