Leeds-based Jet2 ups H1 revenue 24% to £4.4bn

Leeds-based Jet2 plc said its revenue increased 24% to £4.4 billion and profit before tax rose 47% to £660.5 million in the six months to September 30, 2023.

Interim dividend will rise 33% to 4p.

In its outlook, Jet2 said: “With over 40% of winter bookings traditionally made during the January to March period, we currently remain on track to deliver group profit before FX revaluation and taxation for the year ending 31 March 2024 of between £480m and £520m, in line with our previous guidance.

“This remains dependent on no material extraneous events in the balance of the financial year.

“Looking ahead, current seat capacity for Summer 2024 at 17.19m seats is approximately 12% higher than summer 2023 …”

Jet2 CEO Steve Heapy said: “We are pleased to have delivered another strong financial performance during the first half of the financial year, despite the well-publicised external challenges faced.”