Jet2 Continues £100m Buyback With Purchase and Cancellation of 52,307 Shares

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

Jet2 plc has repurchased 52,307 ordinary shares on 2 January 2026 as part of its previously announced share buyback programme of up to £100 million, paying a volume-weighted average price of £14.0511 per share within a trading range of £13.93 to £14.21. The company intends to cancel the shares, a move that will marginally reduce the number of shares in issue and can enhance earnings per share, signalling continued capital discipline and shareholder-return focus in an industry where balance sheet strength and investor confidence remain key competitive factors.

The most recent analyst rating on (GB:JET2) stock is a Buy with a £21.25 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, focused on providing package holidays and scheduled leisure flights to popular holiday destinations. The company operates under the Jet2.com airline and Jet2holidays brands, targeting value-conscious consumers in the short- and medium-haul leisure travel market from the UK and is listed on London’s AIM market.

YTD Price Performance: 0.64%

Average Trading Volume: 523,364

Technical Sentiment Signal: Hold

Current Market Cap: £2.65B

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