Airline and holidays company Jet2 says it is on track for a 9% lift in pre-tax profit in full year 2025 results, and is set for a "successful summer".
The Leeds Bradford Airport-based carrier and package holiday firm said more customers were choosing to book tickets later and for flights only. In a trading update ahead of full year results to the end of March, it laid out expectations of group profit before foreign exchange revaluation and taxation of between £565m and £570m, excluding £10m profit mainly from retirement of its Boeing 757-200 fleet.
Despite pointing to a positive summer, the firm said it was too early to give profit guidance for 2026. On sale capacity for this summer is currently 8.3% higher than last year at 18.6m seats - partly thanks to new bases at Bournemouth and London Luton airports where bookings were said to be encouraging.
There was a small average increase in package holiday prices and only a slight rise in flight-only tickets which bosses said had helped to offset price increases which have previously been highlighted as green levies and tax rises. It told investors on the London Stock Exchange that while it was satisfied with progress in the 2026 financial year so far, it was wary of potential impacts of geo-political and macro-economic issues.
And on the back of the 2025 expectations, a £250m share buyback programme was announced with bosses pointing to the good cash generation, a strong balance sheet and the chance to take advantage of favourable market levels underpinning the decision. The move is being staged over two phases with the first - of up to £125m - starting immediately and expected to end on September 30, with further announcements due on the second phase.
Steve Heapy, chief executive officer, said: "We are very pleased with how the 2025 financial year has ended with another year of healthy profit growth, which underlines the resilience, flexibility and popularity of our product offering, plus the consistently outstanding customer service provided by our colleagues. Although still very early in FY26, we are satisfied with progress for summer 2025 so far.
"With a steadfast focus on long-term growth together with our flexible business model, we are well-positioned to navigate the dynamic market conditions and continue delivering exceptional service-led holiday experiences to our customers. We remain confident that as a much trusted holiday provider with an end-to-end customer care approach underpinned by our principles of 'People, Service, Profits' , our customers will continue to travel with us from our rainy island to the sun spots of the Mediterranean, the Canary Islands and to European leisure cities."
Jet2 will announce preliminary results for the year ended March 31, 2025 on July 9.
