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Jet2 PLC (GB:JET2)
LSE:JET2
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Jet2 PLC (JET2) AI Stock Analysis

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GB:JET2

Jet2 PLC

(LSE:JET2)

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Outperform 75 (OpenAI - 5.2)
Rating:75Outperform
Price Target:
1,243.00 p
▲(1.47% Upside)
Action:ReiteratedDate:12/07/25
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.
Positive Factors
Integrated package + airline model
A dominant package-holiday mix creates durable demand predictability and revenue visibility. Vertical integration lets Jet2 fill seats via Jet2holidays, boost load factors, and capture higher margins through bundled pricing and ancillaries, reducing exposure to pure seat-price volatility.
Negative Factors
Declining free cash flow
A near-10% fall in free cash flow is a durable warning sign for capital flexibility. Lower FCF constrains reinvestment, dividends, or further buybacks without drawing on cash reserves, and increases sensitivity to operational setbacks or sustained cost inflation.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated package + airline model
A dominant package-holiday mix creates durable demand predictability and revenue visibility. Vertical integration lets Jet2 fill seats via Jet2holidays, boost load factors, and capture higher margins through bundled pricing and ancillaries, reducing exposure to pure seat-price volatility.
Read all positive factors

Jet2 PLC (JET2) vs. iShares MSCI United Kingdom ETF (EWC)

Jet2 PLC Business Overview & Revenue Model

Company Description
Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. I...
How the Company Makes Money
Jet2 PLC generates revenue mainly from two closely linked business lines: (1) airline seat sales through Jet2.com and (2) package holiday sales through Jet2holidays. Airline revenue is earned from selling passenger tickets (seat-only fares) across...

Jet2 PLC Earnings Call Summary

Earnings Call Date:Nov 19, 2025
(Q2-2026)
|
% Change Since: |
Next Earnings Date:Jul 02, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong financial performance with record passenger numbers, increased profitability, and strategic growth expansions at Gatwick Airport. Despite facing challenges such as declining flight-only revenue and rising operational costs, the company's robust financial position and strategic investments in fleet renewal and customer service enhancements provide a positive outlook.
Positive Updates
Record Passenger Numbers and Profitability
Passenger numbers increased by 6%, achieving record figures across all key metrics. Group profit before FX revaluations rose by 1%, and earnings per share increased by 8% following a GBP 250 million share buyback program.
Negative Updates
Flight-Only Revenue Decline
Average ticket prices for flight-only decreased by 7% to GBP 122 due to increased promotional offers in a competitive market.
Read all updates
Q2-2026 Updates
Negative
Record Passenger Numbers and Profitability
Passenger numbers increased by 6%, achieving record figures across all key metrics. Group profit before FX revaluations rose by 1%, and earnings per share increased by 8% following a GBP 250 million share buyback program.
Read all positive updates
Company Guidance
The call provided comprehensive guidance on Jet2's financial and operational performance, highlighting record passenger numbers, revenue, and profitability, with a 6% increase in passenger numbers and an 8% rise in earnings per share following a £250 million share buyback. The company announced an additional £100 million share buyback, emphasizing its strong balance sheet with £3.4 billion in cash. Jet2 operated 23 Airbus A321neo aircraft in summer 2025, representing 17% of its fleet, and plans to increase this to 31 aircraft by summer 2026, reaching 22% of the fleet. The company also discussed its strategic expansion at Gatwick Airport, targeting profitability by FY '29, with plans to operate six aircraft initially, and highlighted its investment in digital infrastructure and sustainability targets. The CFO noted significant growth since 2019, with operating profit up 118% to £447 million and a return on capital employed averaging 17% post-pandemic. Jet2's flexible, integrated model has adapted to consumer trends, with a 16% rise in flight-only bookings and a 4% increase in non-ticket revenue per passenger. The company remains confident in its growth prospects, supported by strategic capital allocation and a robust cash-generative business model.

Jet2 PLC Financial Statement Overview

Summary
Jet2 PLC demonstrates strong revenue growth and profitability, with efficient operations reflected in healthy EBIT and EBITDA margins. The balance sheet shows improved leverage and strong return on equity, though debt levels require careful management. Cash flow performance is a concern due to declining free cash flow, which may affect future financial flexibility.
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
65
Positive
BreakdownTTMMar 2025Mar 2023Mar 2022Mar 2021Mar 2020
Income Statement
Total Revenue7.43B7.17B5.03B1.23B395.40M3.58B
Gross Profit893.30M898.70M707.70M-147.90M-264.90M503.30M
EBITDA937.90M933.30M579.20M-172.00M-165.70M497.50M
Net Income454.10M446.80M290.80M-315.40M-271.20M116.00M
Balance Sheet
Total Assets6.27B5.91B4.53B3.99B2.87B3.38B
Cash, Cash Equivalents and Short-Term Investments3.35B3.15B2.62B2.23B1.38B1.39B
Total Debt1.27B1.14B1.38B1.57B1.32B1.16B
Total Liabilities4.21B4.30B3.51B3.10B1.91B2.75B
Stockholders Equity2.06B1.61B1.01B896.60M964.20M634.10M
Cash Flow
Free Cash Flow372.00M659.10M755.50M642.60M-872.20M205.00M
Operating Cash Flow853.40M1.06B952.10M751.00M-834.80M443.10M
Investing Cash Flow-687.00M-613.90M-675.80M-1.29B41.10M-185.60M
Financing Cash Flow-633.80M-696.60M-370.30M201.00M797.40M-88.10M

Jet2 PLC Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1225.00
Price Trends
50DMA
1190.52
Positive
100DMA
1267.01
Negative
200DMA
1372.89
Negative
Market Momentum
MACD
10.46
Negative
RSI
57.10
Neutral
STOCH
64.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:JET2, the sentiment is Positive. The current price of 1225 is above the 20-day moving average (MA) of 1150.25, above the 50-day MA of 1190.52, and below the 200-day MA of 1372.89, indicating a neutral trend. The MACD of 10.46 indicates Negative momentum. The RSI at 57.10 is Neutral, neither overbought nor oversold. The STOCH value of 64.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:JET2.

Jet2 PLC Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
£2.01B1.1824.73%1.18%7.17%-2.22%
71
Outperform
£3.34B26.7217.89%1.21%14.60%58.84%
68
Neutral
£1.67B14.0120.47%3.34%6.79%-20.45%
66
Neutral
£4.13B6.317.68%3.80%-2.12%8.95%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
48
Neutral
£1.37B-18.43-59.21%2.50%5.98%-371.14%
47
Neutral
£698.16M-7.96-90.46%4.48%-30.52%-2064.92%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:JET2
Jet2 PLC
1,070.00
-473.73
-30.69%
GB:GRG
Greggs plc
1,595.00
-187.63
-10.53%
GB:SSPG
SSP Group plc
167.00
27.03
19.31%
GB:SMWH
WH Smith
544.50
-343.67
-38.69%
GB:WTB
Whitbread
2,410.00
-57.28
-2.32%
GB:JD
JD Sports Fashion
68.62
-11.18
-14.01%

Jet2 PLC Corporate Events

Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback as It Prepares New London Gatwick Base
Positive
Apr 28, 2026
Jet2 plc, the UK leisure travel group behind Jet2holidays and Jet2.com, continues to derive the bulk of its revenue from ATOL-protected package holidays to Mediterranean, Canary Islands and European leisure destinations, with more than two-thirds ...
Stock BuybackRegulatory Filings and Compliance
Jet2 Advances £100m Share Buyback With Latest Share Cancellations
Positive
Apr 21, 2026
Jet2 plc has continued its previously announced share buyback programme, repurchasing 254,776 ordinary shares between 14 and 20 April 2026 from Jefferies International. The company plans to cancel these shares, reducing its share count to 191,933,...
Stock BuybackRegulatory Filings and Compliance
Jet2 Cuts Share Count with Latest Tranche of £100m Buyback
Positive
Apr 14, 2026
Jet2 plc has continued to execute its up to £100 million share buyback, repurchasing 234,580 ordinary shares between 7 and 13 April 2026 from Jefferies International Limited under shareholder authority granted in 2025. The company plans to ca...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Jet2 cancels 212,746 shares in ongoing £100m buyback
Positive
Apr 7, 2026
Jet2 plc has continued its share buyback programme, repurchasing 212,746 ordinary shares between 31 March and 2 April 2026 under a previously announced plan of up to £100 million. The company intends to cancel these shares, reducing the numbe...
Regulatory Filings and Compliance
Jet2 Confirms Share Capital and Voting Rights as of 31 March 2026
Neutral
Apr 1, 2026
Jet2 plc reported that as at 31 March 2026 it had 192,557,351 ordinary shares of 1.25p in issue, each carrying one vote, giving the company a total of 192,557,351 voting rights and confirming that no ordinary shares are held in treasury. This upda...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Jet2 Cancels 494,000 Shares After Latest Buyback Tranche
Positive
Mar 24, 2026
Jet2 plc has repurchased 494,430 ordinary shares between 17 and 23 March 2026 under its previously announced share buyback programme of up to £100 million, using Jefferies International as broker. The company plans to cancel these shares, red...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Jet2 Cancels 765,898 Shares in Ongoing £100m Buyback as New Gatwick Base Nears
Positive
Mar 17, 2026
Jet2 plc has stepped up capital returns to shareholders by repurchasing 765,898 ordinary shares between 10 and 16 March 2026 under its previously announced share buyback programme of up to £100 million. The purchases, executed via Jefferies I...
Business Operations and StrategyStock Buyback
Jet2 Buys Back and Cancels 138,577 Shares Under £100m Programme
Positive
Mar 9, 2026
Jet2 plc has repurchased 138,577 ordinary shares on 6 March 2026 under its up to £100 million share buyback programme authorised by shareholders, paying a volume-weighted average price of £11.8122 per share. The company plans to cancel t...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback With New Share Repurchase and Cancellation
Positive
Mar 6, 2026
Jet2 plc has repurchased 130,201 ordinary shares on 5 March 2026 as part of its previously announced share buyback programme of up to £100 million. The shares were bought at prices between £11.82 and £12.13, with a volume-weighted a...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback With Cancellation of 115,243 Shares
Positive
Mar 5, 2026
Jet2 plc has repurchased 115,243 ordinary shares on 4 March 2026 under its previously announced share buyback programme of up to £100 million, paying a volume-weighted average price of £12.0297 per share. The company intends to cancel th...
Business Operations and StrategyRegulatory Filings and Compliance
Jet2 CFO Increases Shareholding as Airline Prepares New Gatwick Base
Positive
Mar 3, 2026
Jet2 plc, the UK leisure travel group behind Jet2holidays and Jet2.com, derives the majority of its revenue from ATOL-protected package holidays to Mediterranean, Canary Islands and European city destinations, with the balance from flight-only ser...
Business Operations and StrategyStock Buyback
Jet2 Cancels Further Shares as £100m Buyback Tightens Free Float
Positive
Mar 3, 2026
Jet2 plc has repurchased 102,147 ordinary shares as part of its up to £100 million share buyback programme, paying a volume-weighted average price of £12.2496 per share and intending to cancel the shares. Following this latest transactio...
Business Operations and StrategyRegulatory Filings and Compliance
Jet2 CEO Steve Heapy Increases Stake via ShareSave Option Exercise
Positive
Mar 2, 2026
Jet2 plc disclosed that Chief Executive Officer Steve Heapy has increased his stake in the company by exercising options under the 2022 ShareSave Scheme to purchase 2,349 ordinary shares. Following this transaction, Heapy now beneficially holds 40...
Business Operations and StrategyRegulatory Filings and Compliance
Jet2 Confirms Share Capital and Voting Rights as It Expands UK Operations
Positive
Mar 2, 2026
Jet2 plc has confirmed that its total number of ordinary shares in issue stands at 195,084,878, each carrying one voting right, with no shares held in treasury. This share capital structure sets the reference point for investors assessing disclosu...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback With February Share Repurchase
Positive
Mar 2, 2026
Jet2 plc has continued executing its up to £100 million share buyback programme, repurchasing 72,440 ordinary shares on 27 February 2026 at a volume-weighted average price of £12.6785. The shares were acquired across multiple trading ven...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback With Fresh Share Repurchase and Cancellation
Positive
Feb 27, 2026
Jet2 plc has repurchased 67,299 ordinary shares as part of its up to £100 million share buyback programme, paying a volume-weighted average price of £12.7841 per share on 26 February 2026. The company plans to cancel these shares, modest...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Jet2 cancels new tranche of buyback shares as capital return continues
Positive
Feb 26, 2026
Jet2 plc has continued executing its up to £100 million share buyback programme, repurchasing 85,868 ordinary shares on 25 February 2026 at a volume-weighted average price of £12.5548, with the highest and lowest prices paid at £12....
Stock Buyback
Jet2 Continues Share Buyback With Latest £12.9-per-Share Repurchase
Positive
Feb 25, 2026
Jet2 plc has continued to execute its previously announced share buyback programme, repurchasing 61,432 ordinary shares on 24 February 2026 at prices ranging between £12.84 and £13.03, with a volume-weighted average price of £12.91....
Business Operations and StrategyFinancial Disclosures
Jet2 keeps profit on track as Gatwick launch drives above-market capacity growth
Positive
Feb 25, 2026
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 Jet...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback With Fresh Share Repurchase and Cancellation
Positive
Feb 24, 2026
Jet2 plc has repurchased 56,408 ordinary shares on 23 February 2026 under its previously announced share buyback programme of up to £100 million, paying a volume-weighted average price of £13.03 per share within a trading range of £...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback With Share Repurchase for Cancellation
Positive
Feb 23, 2026
Jet2 plc has repurchased 49,972 ordinary shares at a volume-weighted average price of about £13.12 per share on 20 February 2026, under its previously announced share buyback programme of up to £100 million. The shares, acquired via Jeff...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback With Fresh Share Repurchase and Cancellation
Positive
Feb 20, 2026
Jet2 plc has repurchased 59,839 ordinary shares on 19 February 2026 as part of its previously announced share buyback programme of up to £100 million. The shares, acquired at a volume-weighted average price of £12.97 and to be cancelled,...
Business Operations and StrategyStock Buyback
Jet2 Advances £100m Buyback with Fresh Share Cancellation
Positive
Feb 19, 2026
Jet2 plc has continued executing its up to £100 million share buyback programme with the repurchase of 52,951 ordinary shares on 18 February 2026 at a volume-weighted average price of £13.0337. The company plans to cancel these shares, a...
Business Operations and StrategyRegulatory Filings and Compliance
Jet2 Director Increases Shareholding as Group Expands UK Footprint
Positive
Feb 18, 2026
Jet2 plc disclosed that Senior Independent Non-Executive Director Rachel Kentleton has increased her personal stake in the company by purchasing 1,638 ordinary shares at £13.064 each. Following this transaction, she now beneficially holds 3,4...
Business Operations and StrategyStock Buyback
Jet2 Extends £100m Buyback With Fresh Share Repurchase and Cancellation
Positive
Feb 18, 2026
Jet2 plc has continued executing its previously announced share buyback programme of up to £100 million, repurchasing 54,423 ordinary shares on 17 February 2026 at prices between £12.82 and £13.05, with a volume-weighted average pri...
Business Operations and StrategyStock Buyback
Jet2 Advances £100m Buyback With Fresh Share Repurchase and Cancellation
Positive
Feb 16, 2026
Jet2 plc has continued its previously announced share buyback programme, repurchasing 68,342 ordinary shares on 13 February 2026 at a volume-weighted average price of £12.5922, with prices ranging between £12.39 and £12.69. The comp...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback With New Share Purchase and Cancellation
Positive
Feb 13, 2026
Jet2 plc has continued executing its up to £100 million share buyback programme, repurchasing 84,793 ordinary shares on 12 February 2026 at a volume-weighted average price of £12.3554. The company plans to cancel these shares, incrementa...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback with February Share Repurchase
Positive
Feb 12, 2026
Jet2 plc has repurchased 89,117 ordinary shares on 11 February 2026 as part of its up to £100 million share buyback programme authorised by shareholders in 2025, paying a volume-weighted average price of £12.3532 per share. The company p...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback With New Share Repurchase and Cancellation
Positive
Feb 11, 2026
Jet2 plc has repurchased 83,151 ordinary shares as part of its previously announced share buyback programme of up to £100 million, authorising Jefferies International to execute the trades across multiple trading venues at a volume-weighted a...
Business Operations and StrategyStock Buyback
Jet2 cancels new tranche of shares under £100m buyback programme
Positive
Feb 10, 2026
Jet2 plc has repurchased 74,408 ordinary shares at prices between £12.50 and £12.74 as part of its previously announced share buyback programme of up to £100 million. The shares, acquired on 9 February through Jefferies Internationa...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback with February Share Repurchase
Positive
Feb 9, 2026
Jet2 plc has repurchased 86,729 ordinary shares as part of its up to £100 million share buyback programme, authorised by shareholders and executed on 6 February 2026. The company intends to cancel these shares, a move that will marginally red...
Stock Buyback
Jet2 Advances £100m Buyback With Repurchase of 95,039 Shares
Positive
Feb 6, 2026
Jet2 plc has continued executing its up to £100 million share buyback programme with the repurchase of 95,039 ordinary shares on 5 February 2026 at a volume-weighted average price of £12.4510 per share. The shares, acquired via Jefferies...
Stock Buyback
Jet2 Cancels 79,003 Shares Under £100m Buyback Programme
Positive
Feb 5, 2026
Jet2 plc has repurchased 79,003 ordinary shares on 4 February 2026 as part of its up to £100 million share buyback programme authorised by shareholders in September 2025 and launched in November 2025. The shares, acquired at a volume-weighted...
Business Operations and StrategyStock Buyback
Jet2 Continues £100m Buyback with Purchase and Cancellation of 84,355 Shares
Positive
Feb 4, 2026
Jet2 plc has continued its share buyback activity under its previously announced programme of up to £100 million, repurchasing 84,355 ordinary shares on 3 February 2026 at prices between £12.50 and £12.70, with a volume-weighted ave...
Stock Buyback
Jet2 Continues £100m Buyback With Further Share Repurchase and Cancellation
Positive
Feb 3, 2026
Jet2 plc has continued to execute its previously announced share buyback programme of up to £100 million with the repurchase of 87,973 ordinary shares on 2 February 2026, at prices ranging between £12.36 and £12.58 and a volume-weig...
Business Operations and StrategyRegulatory Filings and Compliance
Jet2 Confirms Share Capital and Voting Rights Ahead of Gatwick Expansion
Positive
Feb 2, 2026
Jet2 plc has confirmed that as of 31 January 2026 it has 196,478,420 ordinary shares in issue, each carrying one voting right, with no shares held in treasury, establishing the total number of voting rights in the company at the same figure. This ...
Business Operations and StrategyStock Buyback
Jet2 Cancels Further Shares Under £100m Buyback Programme
Positive
Feb 2, 2026
Jet2 plc has bought back 93,588 ordinary shares on 30 January 2026 under its previously announced share repurchase programme of up to £100 million, paying a volume-weighted average price of £12.4598 per share. The company intends to canc...
Stock Buyback
Jet2 Buys Back and Cancels Over 100,000 Shares Under £100m Programme
Positive
Jan 30, 2026
Jet2 plc has repurchased 105,384 of its ordinary shares on 29 January 2026 as part of its ongoing share buyback programme of up to £100 million, authorised by shareholders at the 2025 AGM. The shares were bought at prices between £12.15 ...
Stock Buyback
Jet2 Continues £100m Buyback with Purchase of 127,321 Shares for Cancellation
Positive
Jan 29, 2026
Jet2 plc has continued execution of its up to £100 million share buyback programme with the repurchase of 127,321 ordinary shares on 28 January 2026, at prices ranging between £12.18 and £12.33 and a volume-weighted average price of...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 07, 2025