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Investing.com -- Jet2 has secured six slots at London Gatwick Airport (LGW), expanding its UK base network to 14 locations and strengthening its presence in the South of England.
The company’s shares rose 0.8% on Wednesday following the announcement.
London Gatwick will serve as a key hub for beach holidays and city breaks, positioning Jet2 to benefit from future airport growth, including the potential development of a second runway.
Management expects a meaningful increase in short-term investment to establish operations at the new location. The company will also incur start-up costs in fiscal year 2026, with profitability targeted by fiscal year 2029.
Morgan Stanley analysts noted they expect Jet2 to guide below the Annual General Meeting consensus for FY26 EBIT range of £449-496 million provided in September. Morgan Stanley estimates FY26 EBIT at £445 million.
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