Jet2 PLC: Strategic Expansion and Financial Resilience Support Buy Rating7:46 AM 2025 UK | Travel Services Jet2 | BUY JET2 LN | 1,302.00p | PT: 2,100.00p | % to Underlying Expectations Unchanged; New £100m Buyback We expect unchanged underlying consensus FY26E EBIT estimates, given reassuring guidance. Investment in the new Gatwick base will drag EBIT by c(2)% in FY26E, as previously discussed. Jet2 will buy back another £100m in shares. Jet2's interims repeat early-September comments: Later Summer 2025 bookings, softer flight-only prices and a flight-only mix shift. The new Gatwick base underscores the medium-term growth opportunity.