Reports Record Revenues, Sees Strong Summer Demand | Aviation Week

Jet2, the UK leisure travel group behind Jet2.com and Jet2holidays, reported record revenues but a lower annual profit while outlining long-term expansion plans. In the year to March 31, revenue rose 4% to £7.48 billion ($9.98 billion) as flown passengers increased 5% to 20.83 million. Operating profit fell 2% to £439.6 million, and profit before foreign exchange revaluation and tax dropped 6% to £544.6 million, reflecting £11 million of startup investment for a new London Gatwick base opened in March and about £50 million in added costs linked to employment taxes and sustainable aviation fuel premiums. Jet2 announced a £250 million share buyback after £363 million in shareholder returns during 2025-26. For summer 2026, on-sale capacity is up 7.7% year over year to 19.9 million seats, with load factor for the first four months ahead by 1.2 points. The airline plans to operate 31 A321neos in summer 2026 and expects its total fleet to reach about 162 aircraft by 2032.