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

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

Jet2 plc has repurchased 83,151 ordinary shares as part of its previously announced share buyback programme of up to £100 million, authorising Jefferies International to execute the trades across multiple trading venues at a volume-weighted average price of £12.4454 per share. The company intends to cancel the repurchased shares, a move that will reduce its share count and may enhance earnings per share and capital returns for existing investors, signalling continued management confidence and disciplined balance-sheet management.

The transactions were carried out on 10 February 2026 under authority granted at the 2025 annual general meeting, with prices ranging between £12.32 and £12.57 per share. By continuing to deploy capital into buybacks, Jet2 aligns itself with a broader trend among listed leisure and travel companies using surplus cash to support shareholder value, even as the sector remains sensitive to consumer demand and macroeconomic conditions.

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 focused on package holidays and scheduled leisure flights, primarily serving sun and city break destinations from regional British airports. Through its airline and tour operating units, the company targets value-conscious holidaymakers, competing with low-cost carriers and integrated tour operators in the wider European travel market.

Average Trading Volume: 604,528

Technical Sentiment Signal: Hold

Current Market Cap: £2.33B

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