Jet2 cancels 212,746 shares in ongoing £100m buyback

An update from Jet2 PLC ( (GB:JET2) ) is now available.

Jet2 plc has continued its share buyback programme, repurchasing 212,746 ordinary shares between 31 March and 2 April 2026 under a previously announced plan of up to £100 million. The company intends to cancel these shares, reducing the number of ordinary shares in issue to 192,442,856 and leaving no shares held in treasury.

The move tightens Jet2’s share capital base and may enhance earnings per share, signalling management’s confidence in the group’s financial position and cash generation. The updated share count also provides a new reference point for investors assessing ownership thresholds and disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:JET2) stock is a Buy with a £1301.00 price target. To see the full list of analyst forecasts on Jet2 PLC stock, see the GB:JET2 Stock Forecast page.

Spark’s Take on JET2 Stock

According to Spark, TipRanks’ AI Analyst, JET2 is a Outperform.

Jet2 PLC’s strong financial performance, strategic growth initiatives, and undervaluation relative to peers are significant strengths. The company’s robust earnings call and proactive corporate events, such as the share buyback program, further enhance its investment appeal. However, concerns about cash flow and rising operational costs slightly temper the overall outlook.

To see Spark’s full report on JET2 stock, click here.

More about Jet2 PLC

Jet2 plc is a UK-based leisure travel group operating Jet2holidays, the country’s leading provider of ATOL-protected package holidays to Mediterranean, Canary Islands and European city destinations, and Jet2.com, the UK’s third-largest airline by passengers flown, focused on scheduled holiday flights. In the year to 31 March 2025, over two-thirds of its passengers bought end-to-end package holidays, which generated more than 80% of group revenue, with the rest coming mainly from flight-only services across 14 UK airport bases.

Average Trading Volume: 855,663

Technical Sentiment Signal: Hold

Current Market Cap: £2.07B

See more data about JET2 stock on TipRanks’ Stock Analysis page.