Momentum builds at Jet2 despite cost of living impact
Leeds-headquartered leisure travel group, Jet2, has reported a positive set of passenger booking figures for both the year ending 31 March 2024 (FY24) and the year ending 31 March 2025 (FY25).
The business says that against a 20.5% increase in on sale seat capacity, winter 2023/24 forward bookings have performed well with passenger sectors booked currently up by 17%.
Jet2 adds it has slightly raised its guidance for group profit before tax for the financial year to between £510m and £525m (previously £480m to £520m).
On sale seat capacity for summer 2024 is currently 12.5% higher than summer 2023 at 17.2m seats. Package holiday customer numbers are up by 17%.
The company says it has taken delivery of five new CFM powered A321neo aircraft from Airbus, in line with its agreed delivery schedule, with a further six aircraft due to arrive before the end of FY25.
Also, forward bookings for Jet2’s new Liverpool John Lennon Airport base, where flying operations begin on 28 March 2024 have been described as “pleasing”.
The group explains this reinforces its view of the meaningful opportunity across Liverpool, Merseyside and the wider region. Liverpool John Lennon Airport will be its 11th UK base.
Steve Heapy, chief executive officer, said: “We are pleased with how the 2024 financial year is ending and are encouraged by early bookings for summer 2024.
“Whilst recognising there are many demands on consumer discretionary incomes, we believe our customers cherish their time away from our rainy island and want to be properly looked after throughout their holiday experience.
“As a customer focused and much trusted holiday provider, we remain confident they will continue to travel with us.”
