Jet2 PLC (JET2), the UK leisure travel group behind Jet2holidays and Jet2.com, has announced the purchase of 479,990 ordinary shares of 1.25p each during the period 26 to 30 October 2026, as part of the first tranche of a share buyback programme originally announced on 8 July 2026. The shares were acquired through Jefferies International Limited under authority granted by shareholders at the company's Annual General Meeting on 3 September 2026. The company intends to cancel all purchased shares, reducing its total shares in issue to 184,251,451 with none held in treasury.

Key Points

  • Jet2 PLC (JET2), AIM-listed UK leisure travel group
  • 479,990 ordinary shares purchased and to be cancelled under the first tranche of Jet2's share buyback programme
  • Purchases carried out between 26 and 30 October 2026 at volume-weighted average prices ranging from £13.9626 to £14.1518 per share
  • Investors should watch for further tranches under the buyback programme and updates to the total shares in issue denominator

Jet2's Five-Day Buyback Execution: Daily Volumes and Price Ranges Across Multiple Venues

Across the five trading days covered, Jet2 purchased shares on multiple execution venues, including AIM, BATE, CHIX, TRQX, and AQXE. The largest single-day purchase was 112,784 shares on 28 October 2026 at a volume-weighted average price of £13.9626, with the lowest daily low recorded at £13.8800. The smallest single-day purchase was 88,978 shares on 26 October 2026 at a volume-weighted average of £14.1518. Daily high prices across the period peaked at £14.26 on 26 October 2026, with all transactions executed on behalf of the company by Jefferies International Limited in compliance with the Market Abuse Regulation as retained in UK law.

Share Cancellation Reduces Jet2's Shares in Issue to 184,251,451

Following the cancellation of the 479,990 repurchased ordinary shares, Jet2 will have 184,251,451 ordinary shares in issue, with no shares held in treasury. The announcement confirms that this figure of 184,251,451 serves as the denominator shareholders should use when determining whether they are required to notify their interest, or any change to their interest, in the company under the FCA's Disclosure Guidance and Transparency Rules. Cancelling shares rather than holding them in treasury is a notable capital management choice, as it permanently reduces the total share count and can improve per-share financial metrics over time.

Jet2holidays and Jet2.com: The Business Behind the Buyback

Jet2 PLC operates as a leisure travel group through two principal brands. Jet2holidays is described in the announcement as the UK's leading provider of ATOL-protected package holidays to destinations across the Mediterranean, Canary Islands, and European Leisure Cities. Jet2.com is identified as the UK's third largest airline by passenger numbers, specialising in scheduled holiday flights. In the financial year ended 31 March 2026, over 63% of flown passengers travelled on an end-to-end package holiday. The group currently operates from 14 UK airport bases, spanning Belfast International, Manchester, London Gatwick, Edinburgh, and ten further regional airports.