Leeds-based Jet2 plc said its revenue grew 5% to £5.342 billion in the half year ended September 30, 2025, and profit before tax edged 1% higher to £800.3 million.
Jet2 declared an increased interim dividend of 4.5p per share and announced a further share buyback of £100 million.
In its outlook the Leeds firm said: “Winter 2025/26 on sale seat capacity is currently 7.7% higher than Winter 2024/25 at 5.5m seats.
“The closer to departure booking profile experienced during Summer 2025 has continued, with average pricing to date for both our leisure travel products following a similar trend to Summer 2025 and marketing spend being reinvested into pricing where appropriate, as previously announced.
“In addition, to fully capitalise on the strategic opportunity at London Gatwick airport, the group will incur promotional and resourcing start-up costs to firmly establish Jet2‘s operations and market leading customer service ahead of operational launch in late March 2026.
“Whilst there is a significant proportion of the Winter season still to sell, we are currently on track to deliver in line with market expectations (excluding London Gatwick start-up investment) for the year ending 31 March 2026.”
Jet2 CEO Steve Heapy said: “We are very pleased to report another record financial performance for the first half of the year, illustrating how our flexible operating model can adapt to changing consumer behaviour.
“Customers may be booking later, but it is clear they still want their well-earned holidays in the sun with a brand they can trust. Our differentiated, service-led, end-to-end product offering continues to set us apart, delivering seamless, great-value experiences that ensure customers come back time and time again.
“As ever, in line with our People, Service, Profits philosophy, underpinning this proposition are our outstanding Colleagues. I would like to thank them for their dedication to delivering our Customer First service which plays such a vital role in our continued growth and supports our position as the UK’s No.1 tour operator and third largest airline.
“As announced last week, we are thrilled to launch our award-winning Customer First service from London Gatwick next year – a once in a generation opportunity to further accelerate our growth from the UK’s largest beach and city leisure destination airport.
“We believe the annual overseas holiday remains a cherished priority for many, often taking precedence over other discretionary spending even in uncertain economic times.
“We continue to build loyalty by offering customers an extensive product range, highly flexible holiday options and exceptional customer service giving them the freedom to tailor their travel plans to suit their individual needs. Our proven business model continues to deliver and this gives us confidence in our future growth prospects. “
Based on company compiled consensus, the Jet2 board believes that, excluding start-up costs for London Gatwick, the current average market expectations for operating profit (EBIT) for the year ending March 31, 2026, to be £453 million.