Jet2 Continues £100m Buyback as It Prepares New London Gatwick Base

The latest announcement is out from Jet2 PLC ( (GB:JET2) ).

Jet2 plc, the UK leisure travel group behind Jet2holidays and Jet2.com, continues to derive the bulk of its revenue from ATOL-protected package holidays to Mediterranean, Canary Islands and European leisure destinations, with more than two-thirds of passengers flying on end-to-end package trips in its last financial year. The company operates from 13 UK bases, including Manchester, Birmingham and London Stansted, and is preparing to open a 14th base at London Gatwick in March 2026, underscoring its growth ambitions in the competitive short-haul holiday market.

The group disclosed that it has repurchased 457,455 ordinary shares between 21 and 27 April 2026 through Jefferies International as part of its up to £100m share buyback programme, and will cancel all of these shares. Following this latest tranche, Jet2 will have 191,476,045 shares in issue, a reduction that marginally enhances earnings per share and signals continued capital returns to shareholders while the company expands its operational footprint.

The most recent analyst rating on (GB:JET2) stock is a Hold with a £1300.00 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 whose main operations are Jet2holidays, a leading provider of ATOL-protected package holidays to Mediterranean, Canary Islands and European city destinations, and Jet2.com, the country’s third-largest airline by passengers flown, focused on scheduled holiday flights. In the year to 31 March 2025, package holidays accounted for over 66% of flown passengers and more than 80% of group revenue, with the remainder coming mainly from flight-only services, and the company currently operates from 13 UK airport bases, with a 14th at London Gatwick due to open in March 2026.

Average Trading Volume: 843,403

Technical Sentiment Signal: Hold

Current Market Cap: £2.02B

For detailed information about JET2 stock, go to TipRanks’ Stock Analysis page.