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Record passenger and revenue numbers boost holiday firm Jet2

The Leeds-based firm said many people were booking holidays close to their departure date

A Jet2 plane(Image: PA)

Holiday company Jet2 has reported record passenger and revenue figures.

The Leeds-based company has released preliminary results for the year ending March 31 in which its revenues rose 15% to £7.17bn. Operating profit over the same period grew 4% to £446.5m.

Jet2 said it had flown 19.77m passengers to holiday destinations, a rise of 12% on the previous year, though its flights-only passenger figures rose higher than those buying package deals. It highlighted the opening of new bases at Bournemouth and Luton airports, which means 85% of the 海角视频 population are within a 90-minute drive of one of its 13 bases.

It added that bookings for this summer’s holiday season are being made close to departure times. But it said that “it is clear that customers’ eagerness to get away from it all and enjoy a relaxing overseas holiday in the sun remains strong, provided pricing is attractive.”

Jet2 said current trading was in line with market expectations. The company launched a share buyback programme in April which is 35% of the way towards a target of £250m.

Steve Heapy, chief executive of Jet2.com and Jet2holidays, speaking at an official handover ceremony for Jet2's 100th aircraft

Chief executive Steve Heapy said: “These results reaffirm the enduring appeal, resilience and differentiation of our product offering founded on end-to-end customer care, all of which help to create cherished holiday memories for our customers. The strength of our proposition, delivered by colleagues who are dedicated to providing award-winning customer first service, will enable us to fulfil our long-term strategy: to be the 海角视频’s leading and best leisure travel business.”

Jet2 had previously cautioned over the delayed delivery of new planes which would see it incur additional costs to cover aircraft gaps over the peak summer period. In today’s update, Mr Heapy said Jet2 had exercised purchase rights over 36 remaining aircraft and expected to take delivery of 10 this year.

Mr Heapy also outlined the success of Jet2’s first flights to Morocco last October and said it had added capacity to the company as a result. It has also expanded its city breaks programme with flights to Murcia, Braga, Tallinn, Geneva and Salzburg.