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Highlights:

  • Jet2 reported a 12% year-on-year increase in profit before tax to GBP 593.2 million for FY25.
  • The passenger numbers rose 12% to 19.77 million, with flight-only customers growing 18%.
  • JET2’s Own cash reserves declined 18% to GBP 1.10 billion; net cash increased 17% to GBP 2.02 billion.

Jet2 Plc (LSE:JET2), the UK-based leisure travel operator encompassing Jet2holidays and Jet2.com, released its preliminary results for the financial year ended 31 March 2025, reporting growth in revenue, passenger volumes, and earnings, despite market volatility. However, the company’s share price fell 5.81% to GBX 1,719.00 as of 9 July 2025.

For the year, the Group’s profit before foreign exchange revaluation and taxation rose 11% to GBP 77.7 million, up from GBP 520.1 million in FY24. Including FX effects, profit before tax increased by 12% to GBP 593.2 million. Basic earnings per share increased 15% to 213.1p, and diluted EPS rose 22% to 207.2p.

Passenger volumes grew 12% to 19.77 million, with 6.58 million of these flying on package holidays (an 8% increase), while flight-only customers rose 18% to 6.62 million. The Group’s network expanded to include new operational bases at Bournemouth and London Luton, placing 85% of the UK population within 90 minutes of its 13 UK airports. Group revenue for the year increased 15% to GBP 7.17 billion, compared with GBP 6.26 billion in FY24.

The Board proposed a final dividend of 12.1p per share, bringing the total dividend for the year to 16.5p, up 12% from 14.7p in the previous year. The final dividend is subject to shareholder approval at the upcoming AGM in September and will be payable in October.

Cash and money market deposits totalled GBP 3.16 billion at the end of March 2025, marginally down from GBP 3.18 billion a year earlier. However, own cash reserves (excluding customer deposits) declined 18% to GBP 1.10 billion. Net cash stood at GBP 2.02 billion, a 17% increase year-on-year.

During the year, Jet2 added seven Airbus A321neo aircraft to its fleet and repurchased GBP 384.5 million in convertible bonds. It also acquired 11.3 million shares (5.3% of issued capital) via its Employee Benefit Trust to limit future shareholder dilution.

A GBP 250 million share buyback programme was launched in April 2025, with 35% of the programme reportedly completed. Jet2 expects to operate 135 aircraft in Summer 2025, including 23 A321neo models, and has a pipeline of 132 aircraft deliveries scheduled through 2035.

Looking ahead, Jet2 acknowledged that summer bookings for 2025 are being made closer to departure dates, reflecting broader consumer trends. However, the company stated it continues to trade in line with market expectations, citing flexibility in managing load factors, pricing, and product mix.

The company noted that 66% of its passengers during the year were holiday package customers, with the remainder booking flight-only travel. Jet2’s Chairman reaffirmed the group’s commitment to growth while acknowledging the challenging economic landscape and evolving booking patterns.

Jet2 Plc operates both Jet2holidays, the UK’s largest ATOL-protected package holiday provider, and Jet2.com, the third-largest UK airline by passenger numbers. Its core leisure destinations include the Mediterranean, Canary Islands, and various European city break locations.