Jet2 Continues £100m Buyback With Fresh Share Repurchase and Cancellation

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

Jet2 plc has repurchased 59,839 ordinary shares on 19 February 2026 as part of its previously announced share buyback programme of up to £100 million. The shares, acquired at a volume-weighted average price of £12.97 and to be cancelled, reflect the company’s ongoing capital management strategy, which is likely to enhance earnings per share and signal confidence in its financial position.

The purchases, executed by Jefferies International across multiple trading venues, form another tranche in a series of transactions authorised by shareholders at the 2025 annual general meeting. By reducing its share count through cancellations rather than holding treasury stock, Jet2 is directly returning value to investors and potentially supporting the share price over time.

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 U.K.-based leisure travel group, operating primarily through its airline and holiday businesses. The company focuses on providing package holidays and scheduled flights to popular leisure destinations, targeting value-conscious customers across key European sun and city break markets.

Average Trading Volume: 610,137

Technical Sentiment Signal: Buy

Current Market Cap: £2.41B

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