Late bookings help boost performance at Jet2

Leeds-headquartered leisure travel business, Jet2, says July and August experienced strong late booking momentum with September currently showing a similar trend.

The business notes in its annual general meeting statement today that its summer 2024 on sale seat capacity, at 17.17m seats, is 12.4% higher than summer 2023 and a slight increase on that reported at the time of the company’s preliminary results on 11 July.

Booked to date Package Holiday customers are up by 8%, representing 70.2% of total departing passengers, with Flight-Only passengers increasing by 17%.

Jet2 says the continued demand momentum has served to offset softer flight-only net ticket yields, although it notes package holiday pricing remains resilient and continues to show a modest increase on last year.

Due to the late booking profile, the remaining summer months of September and October not yet complete, plus the majority of winter 2024/25 seat capacity still to sell, Jet2 adds it is premature to provide definitive guidance as to its profitability for the financial year ending 31 March 2025.

The business says it will instead provide a further update when its interim results are released on 21 November 2024.