Jet2 keeps profit on track as Gatwick launch drives above-market capacity growth

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

Jet2 plc, the UK’s leading provider of package holidays and third-largest airline, continues to expand its leisure-focused network across the Mediterranean, Canary Islands and European city destinations. Operating principally through its Jet2holidays and Jet2.com brands, the group serves customers from 13 UK bases, with a 14th base at London Gatwick due to come online, further extending its reach to the majority of the UK population.

The company said it expects operating profit for the year to 31 March 2026 to be in line with market expectations, despite around £10m of start-up and promotional costs ahead of launching its new London Gatwick base in March. Jet2 is driving capacity growth into newer bases at Bournemouth, London Luton and London Gatwick, lifting Summer 2026 on-sale seats by 8% versus last year, above estimated UK market growth for short- and mid-haul beach routes, while investing in competitive pricing to support load factors and defend its position in an increasingly crowded market.

Booked passengers for Summer 2026 are up 7.9%, including more than 260,000 already sold from Gatwick, with the mix of higher-margin package holidays broadly unchanged year on year, underpinning revenue quality. The group is also scaling its Airbus A321neo fleet to 31 aircraft this summer within a 139-strong peak flying programme, leveraging lower unit costs, reduced emissions and an enhanced customer experience, with favourable fuel hedging expected to help offset hotel inflation and rising sustainability-related costs.

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 leisure travel group comprising Jet2holidays, the country’s leading provider of ATOL-protected package holidays to Mediterranean, Canary Islands and European city destinations, and Jet2.com, the UK’s third-largest airline by passengers flown, focused on scheduled holiday flights. In the year to 31 March 2025, over two-thirds of passengers bought end-to-end package holidays, which generated more than 80% of group revenue, with the balance from flight-only services across its expanding network of UK airport bases.

Average Trading Volume: 636,337

Technical Sentiment Signal: Buy

Current Market Cap: £2.38B

Learn more about JET2 stock on TipRanks’ Stock Analysis page.