Jet2 PLC Initiates Share Buyback Program

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

Jet2 plc has announced the purchase of 115,511 ordinary shares as part of its buyback program, authorized by shareholders in September 2024. The company plans to cancel these shares, which will result in a total of 214,071,339 shares in issue. This move is part of the first tranche of the buyback program announced in April 2025 and reflects the company’s strategic financial management to optimize shareholder value.

Spark’s Take on GB:JET2 Stock

According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.

Jet2 PLC demonstrates strong financial performance, supported by robust revenue and profitability growth, effective equity leverage, and strategic financial maneuvers like share buybacks. These strengths are somewhat offset by high liabilities and potential overbought technical indicators. The stock is undervalued, presenting an opportunity for investors, although caution is advised due to mixed technical signals.

To see Spark’s full report on GB:JET2 stock, click here.

More about Jet2 PLC

Jet2 plc is a Leisure Travel Group, consisting of Jet2holidays, the UK’s leading provider of ATOL protected package holidays to leisure destinations across the Mediterranean, Canary Islands, and European Leisure Cities, and Jet2.com, the UK’s third largest airline by number of passengers flown, specializing in scheduled holiday flights. The company operates from 13 UK airport bases.

Average Trading Volume: 717,764

Technical Sentiment Signal: Buy

Current Market Cap: £3.55B

For detailed information about JET2 stock, go to TipRanks’ Stock Analysis page.