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LONDON - Jet2 plc reported record half-year results on Wednesday with a 1% increase in profit before taxation to £800.3m for the six months ended September 30, 2025, as the UK's largest tour operator continued its growth trajectory despite a trend toward later bookings.
The company carried 14.09 million passengers during the period, up 6% from the previous year, while revenue rose 5% to £5.34 billion. Basic earnings per share increased 8% to 300.4p.
Jet2 announced plans to open its 14th UK base at London Gatwick airport for Summer 2026, securing slots for six aircraft. The company described this as a "transformational next step" that will expand its presence in the South of England and provide access to a catchment area of almost 15 million people.
"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," said Steve Heapy, Jet2 plc Chief Executive Officer, in a press release statement.
The company maintained its full-year expectations, excluding start-up investment for London Gatwick, and announced a further £100 million share buyback program, reflecting "the Board's continued confidence in the prospects for the business."
Jet2 increased its interim dividend by 2.3% to 4.5p per share.
Flight-only passengers rose 16% to 4.77 million, while package holiday customers increased 1% to 4.73 million. The average package holiday price increased 3% to £933, though flight-only ticket yield per passenger decreased 7% due to promotional pricing initiatives.
The company's total cash and money market deposits stood at £3.35 billion, down from £3.60 billion a year earlier, partly due to the £250 million share buyback program launched in April 2025.
For Summer 2026, Jet2 plans capacity growth of 8.9% compared to Summer 2025, with the majority focused on the new London Gatwick operation. The company expects the London Gatwick base to become profitable in fiscal year 2029.
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