Jet2 says too early for full-year guidance

Leeds-based Jet2 plc said year-to-date trading is in line with its expectations, but it is too early to provide definitive guidance on profitability for the full financial year ending March 2025.

“Given 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, it remains premature to provide definitive guidance as to group profitability for the financial year,” it said in a statement ahead of its annual general meeting. 

The discount airline and package holiday company said it would provide a further update with its interim results on 21 November.

“The months of July and August experienced strong late booking momentum with September currently showing a similar trend,” the company said. “Winter 2024/25 forward bookings are encouraging with average load factor 0.8ppts ahead of Winter 2023/24 at the same point, against a 15.0% seat capacity increase to 5.14m seats. The package holiday mix is currently up by 1.9ppts with pricing at this early stage showing a modest increase for both our holiday products.”