Jet2 Continues £100m Buyback with February Share Repurchase

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

Jet2 plc has repurchased 89,117 ordinary shares on 11 February 2026 as part of its up to £100 million share buyback programme authorised by shareholders in 2025, paying a volume-weighted average price of £12.3532 per share. The company plans to cancel these shares, modestly reducing its share count and signalling continued capital returns to investors through its ongoing buyback activity.

The purchases were executed by Jefferies International across multiple trading venues, including AIM and various European platforms, at prices ranging between £12.27 and £12.44. This latest tranche underscores Jet2’s use of surplus capital to support its share price and enhance earnings per share, which may be viewed positively by shareholders in the competitive leisure travel sector.

The most recent analyst rating on (GB:JET2) stock is a Buy with a £1371.00 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-listed leisure travel group that operates both an airline and tour operator business, focusing on holiday flights and package breaks primarily from the U.K. to European leisure destinations. The company targets value-conscious travellers and competes with other low-cost carriers and tour operators in the short-haul leisure market.

Average Trading Volume: 611,922

Technical Sentiment Signal: Hold

Current Market Cap: £2.35B

See more insights into JET2 stock on TipRanks’ Stock Analysis page.