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Jet2 Cancels Further Shares Under £100m Buyback Programme

Story Highlights
  • Jet2 plc, a UK leisure travel group, focuses on low-cost flights and package holidays.
  • Jet2 repurchased 93,699 shares for cancellation under its £100m buyback, signalling capital discipline.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Jet2 Cancels Further Shares Under £100m Buyback Programme

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Jet2 PLC ( (GB:JET2) ) has issued an update.

Jet2 plc has repurchased 93,699 of its ordinary shares on 26 January 2026 under its previously announced share buyback programme of up to £100 million, authorised by shareholders at the 2025 AGM. The shares, bought at prices between £12.52 and £12.80 with a volume-weighted average price of £12.6682 across multiple trading venues, are intended to be cancelled, signalling ongoing capital management efforts that may enhance earnings per share and indicate management’s confidence in the company’s financial position.

The most recent analyst rating on (GB:JET2) stock is a Hold with a £1450.00 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 GB:JET2 Stock

According to Spark, TipRanks’ AI Analyst, GB: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 GB:JET2 stock, click here.

More about Jet2 PLC

Jet2 plc is a UK-based leisure travel group, operating primarily in the holiday and low-cost air travel market. The company focuses on providing package holidays and flights to popular leisure destinations, targeting value-conscious customers across the UK and Europe.

Average Trading Volume: 515,959

Technical Sentiment Signal: Sell

Current Market Cap: £2.35B

For a thorough assessment of JET2 stock, go to TipRanks’ Stock Analysis page.

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