Jet2 Continues £100m Buyback with Purchase and Cancellation of 83,932 Shares

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

Jet2 plc has repurchased 83,932 ordinary shares on 16 January 2026 under its previously announced share buyback programme of up to £100 million, paying a volume-weighted average price of £13.0471 per share within a trading range of £12.97 to £13.17. The company plans to cancel the repurchased shares, a move that will reduce the number of shares in issue and may enhance earnings per share and capital returns for investors as Jet2 continues to deploy excess capital in support of shareholder value.

The most recent analyst rating on (GB:JET2) stock is a Buy with a £20.50 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, operating in the tourism and airline sector with a focus on holiday packages and associated air travel services for leisure customers. The company targets predominantly price-conscious holidaymakers, providing scheduled flights and package holidays to popular vacation destinations from the UK and Europe.

YTD Price Performance: -6.90%

Average Trading Volume: 498,487

Technical Sentiment Signal: Hold

Current Market Cap: £2.44B

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