Jet2 PLC (JET2), the UK leisure travel group behind Jet2holidays and Jet2.com, has disclosed the purchase of 471,234 ordinary shares of 1.25p each between 19 and 23 October 2026 as part of the first tranche of its share buyback programme. The purchases were made through Jefferies International Limited under shareholder authority granted at the Annual General Meeting on 3 September 2026. The company intends to cancel all acquired shares, reducing the total shares in issue to 184,731,441 ordinary shares with no shares held in treasury.

Key Points

  • Jet2 PLC (JET2) — UK-listed leisure travel group operating Jet2holidays and Jet2.com
  • 471,234 ordinary shares purchased via Jefferies International Limited between 19 and 23 October 2026 under the buyback programme announced on 8 July 2026
  • Volume-weighted average prices ranged from £13.999 on 23 October to £14.3617 on 22 October across the five dealing days
  • Investors should watch the pace of remaining buyback tranches and any further updates to the total programme size

Jet2's First Buyback Tranche: 471,234 Shares Acquired Across Five Dealing Days

Jet2 purchased shares across all five trading sessions in the period, with daily volumes ranging from 71,897 shares on 22 October to 125,199 shares on 23 October 2026. Purchases were executed across multiple trading venues including AIM, BATE, CHIX, TRQX, and AQXE. The highest single-day price reached £14.49 per share on both 20 and 21 October, while the lowest price paid across the entire period was £13.80 per share on 23 October. The buyback authority was granted by shareholders at the AGM held on 3 September 2026, and Jefferies International Limited acted as the executing broker throughout.

All Repurchased Shares to Be Cancelled, Cutting Jet2's Issued Share Capital

Following cancellation of the 471,234 repurchased shares, Jet2 will have 184,731,441 ordinary shares in issue, with no shares held in treasury. The announcement confirms this denominator figure is the one shareholders should use when calculating whether they are required to notify an interest, or a change in interest, under the FCA's Disclosure Guidance and Transparency Rules. Cancellation rather than treasury retention reduces the total share count outright, which can have an effect on per-share metrics, though the company made no specific commentary on earnings implications within the announcement.

Jet2holidays and Jet2.com: The Leisure Travel Operations Underpinning the Buyback

Jet2 PLC operates two principal businesses: Jet2holidays, described in the announcement as the UK's leading provider of ATOL-protected package holidays to Mediterranean, Canary Islands, and European leisure city destinations; and Jet2.com, the UK's third largest airline by passenger numbers. In the financial year ended 31 March 2026, over 63% of flown passengers chose an end-to-end package holiday, with the remainder taking flight-only bookings. The group currently operates from 14 UK airport bases, spanning Belfast International, Manchester, London Gatwick, Edinburgh, and ten further regional airports across the country.