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Jet2 PLC
(LSE:JET2)
Jet2 PLC (JET2) vs. iShares MSCI United Kingdom ETF (EWC)
Jet2 PLC Business Overview & Revenue Model
Jet2 PLC Financial Statement Overview
| Breakdown | ||||
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 6.26B | 5.03B | 1.23B | 395.40M | 3.58B | Gross Profit |
| 841.20M | 707.70M | -147.90M | -264.90M | 503.30M | EBIT |
| 428.20M | 394.00M | -323.90M | -336.10M | 293.00M | EBITDA |
| 849.20M | 579.20M | -172.00M | -165.70M | 427.20M | Net Income Common Stockholders |
| 399.20M | 290.80M | -315.40M | -271.20M | 116.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.18B | 2.62B | 2.23B | 1.38B | 1.39B | Total Assets |
| 5.57B | 4.53B | 3.99B | 2.87B | 3.38B | Total Debt |
| 1.46B | 1.38B | 1.57B | 1.32B | 1.16B | Net Debt |
| 15.80M | -1.25B | 522.70M | -60.70M | -229.10M | Total Liabilities |
| 4.16B | 3.51B | 3.10B | 1.91B | 2.75B | Stockholders Equity |
| 1.41B | 1.01B | 896.60M | 964.20M | 634.10M |
| Cash Flow | Free Cash Flow | |||
| 685.50M | 755.50M | 642.60M | -872.20M | 205.00M | Operating Cash Flow |
| 1.09B | 952.10M | 751.00M | -834.80M | 443.10M | Investing Cash Flow |
| -482.30M | -675.80M | -1.29B | 41.10M | -185.60M | Financing Cash Flow |
| -124.60M | -370.30M | 201.00M | 797.40M | -88.10M |
Jet2 PLC Technical Analysis
Jet2 PLC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £1.68B | 10.04 | 6.90% | ― | 1.95% | 275.56% | |
78 Outperform | $3.73B | 7.56 | 29.34% | 0.79% | 18.05% | 16.71% | |
74 Outperform | £1.36B | 6.92 | 2.95% | ― | -10.46% | 396.13% | |
70 Outperform | £4.91B | 19.78 | 7.40% | 3.55% | 3.75% | -22.77% | |
69 Neutral | £1.29B | 199.03 | 2.46% | 3.27% | 4.46% | -89.55% | |
68 Neutral | £401.36M | 27.52 | 13.50% | 1.17% | -37.23% | 0.76% | |
62 Neutral | $6.84B | 11.22 | 2.83% | 3.95% | 2.65% | -21.93% |
Jet2 PLC Corporate Events
Jet2 plc has initiated a share buyback program, purchasing 70,415 ordinary shares at a volume-weighted average price of £16.2317 per share, as authorized by shareholders at the 2024 Annual General Meeting. The company plans to cancel these shares, reducing the total number of shares in issue to 214,363,654. This move is part of Jet2’s strategy to manage its capital structure and potentially enhance shareholder value.
Spark’s Take on GB:JET2 Stock
According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.
Jet2 PLC’s strong financial performance, characterized by robust revenue and profitability growth, is the primary strength driving the stock’s positive outlook. The company’s undervaluation, as indicated by a low P/E ratio, and strategic corporate maneuvers such as share buybacks further enhance its appeal. While technical indicators suggest caution due to potential overbought conditions, the company’s strategic financial management and strong cash flows provide a solid foundation for future stability and growth.
To see Spark’s full report on GB:JET2 stock, click here.
Jet2 plc has initiated a share buyback program, purchasing 119,781 ordinary shares as part of the first tranche of the program. The company intends to cancel these shares, reducing the total number of shares in issue to 214,434,069. This move is part of Jet2’s strategy to manage its capital structure and potentially enhance shareholder value.
Spark’s Take on GB:JET2 Stock
According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.
Jet2 PLC’s strong financial performance, evidenced by robust revenue and profitability growth, is a key strength. The stock’s low P/E ratio further enhances its appeal, suggesting it is undervalued. Corporate events such as the share buyback and bond repurchases reflect strategic financial management. Technical indicators are mixed, with short-term bullish signals but caution due to potential overbought conditions. High liabilities remain a risk factor, requiring careful management.
To see Spark’s full report on GB:JET2 stock, click here.
Jet2 plc has initiated a share buyback program, purchasing 119,781 ordinary shares as part of the first tranche of the program. The company plans to cancel these shares, which will reduce the total number of shares in circulation, potentially increasing shareholder value. This move reflects Jet2’s strategic financial management and could have implications for its market positioning by signaling confidence in its financial health.
Spark’s Take on GB:JET2 Stock
According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.
Jet2 PLC’s strong financial performance, evidenced by robust revenue and profitability growth, is a key strength. The stock’s low P/E ratio further enhances its appeal, suggesting it is undervalued. Corporate events such as the share buyback and bond repurchases reflect strategic financial management. Technical indicators are mixed, with short-term bullish signals but caution due to potential overbought conditions. High liabilities remain a risk factor, requiring careful management.
To see Spark’s full report on GB:JET2 stock, click here.
Jet2 plc has initiated a share buyback program, purchasing 130,000 ordinary shares as part of its first tranche. This move is part of a strategy to manage its capital structure and potentially enhance shareholder value. The shares will be canceled, reducing the total number of shares in circulation, which may impact the company’s market dynamics and investor calculations.
Spark’s Take on GB:JET2 Stock
According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.
Jet2 PLC’s strong financial performance, evidenced by robust revenue and profitability growth, is a key strength. The stock’s low P/E ratio further enhances its appeal, suggesting it is undervalued. Corporate events such as the share buyback and bond repurchases reflect strategic financial management. Technical indicators are mixed, with short-term bullish signals but caution due to potential overbought conditions. High liabilities remain a risk factor, requiring careful management.
To see Spark’s full report on GB:JET2 stock, click here.
Jet2 plc has announced a share buyback programme of up to £250 million, reflecting its strong financial position and confidence in future business prospects. This initiative is part of Jet2’s strategy to maximize shareholder value through organic growth, maintaining fleet flexibility, and returning surplus cash to shareholders, while ensuring a robust balance sheet to withstand unforeseen events.
Spark’s Take on GB:JET2 Stock
According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.
Jet2 PLC’s strong financial performance, evidenced by improved profitability and robust cash flows, is a major positive factor. While technical indicators present a mixed picture, the stock’s low P/E ratio suggests it may be undervalued. The recent strategic repurchase of bonds further strengthens the company’s financial position. These factors contribute to an overall positive outlook, despite challenges in managing high liabilities and competitive industry pressures.
To see Spark’s full report on GB:JET2 stock, click here.
Jet2 plc has announced a trading update revealing a strong financial performance for the year ending March 31, 2025, with profits expected to be in line with market expectations. The company has also announced a £250 million share buyback program, reflecting confidence in its sustainable business model and strong balance sheet. The company is well-positioned for the upcoming summer season with increased capacity and new operating bases, despite limited forward visibility due to late bookings. Jet2’s strategic capital allocation includes investments in growth, debt repayment, and shareholder returns, ensuring a robust financial position and continued market competitiveness.
Spark’s Take on GB:JET2 Stock
According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.
Jet2 PLC’s strong financial performance, evidenced by improved profitability and robust cash flows, is a major positive factor. While technical indicators present a mixed picture, the stock’s low P/E ratio suggests it may be undervalued. The recent strategic repurchase of bonds further strengthens the company’s financial position. These factors contribute to an overall positive outlook, despite challenges in managing high liabilities and competitive industry pressures.
To see Spark’s full report on GB:JET2 stock, click here.
Jet2 PLC has announced the final repurchase price for its 1.625% Guaranteed Senior Unsecured Convertible Bonds due 2026, with a principal amount of £301.5 million accepted for purchase. This move is part of a strategic financial maneuver to manage its debt obligations, potentially improving its financial stability and market position.
Jet2 PLC has announced the successful repurchase of £301.5 million of its convertible bonds due in 2026, representing approximately 99% of the outstanding bonds. This strategic move significantly reduces the company’s debt obligations and positions it for potential future financial flexibility, as the remaining bonds will be redeemed early, impacting stakeholders by potentially enhancing the company’s financial stability.
Jet2 PLC has announced a repurchase initiative for its outstanding convertible bonds due in 2026, valued at £304.4 million. This strategic move is aimed at strengthening the company’s financial position by reducing debt, potentially enhancing its market standing and providing stability for stakeholders.
Jet2 PLC, a UK-based company, has announced a change in the ownership of its voting rights. Computershare Trustees (Jersey) Limited has increased its holding from 3.1857% to 4.0783% of the total voting rights in Jet2 PLC. This development reflects a shift in shareholder dynamics, which could influence the company’s future decision-making and governance structure.
Jet2 plc reports an anticipated profit growth of 8% to 10% for the financial year ending March 2025, despite a decrease in average load factor and competitive pricing pressures. The company has expanded its seat capacity for both winter 2024/25 and summer 2025, with new bases at Bournemouth and London Luton contributing to this growth. However, these new bases are expected to be modestly loss-making initially due to their late introduction. Inflationary pressures and additional costs from government regulations pose challenges, but strategic investments in new aircraft and cost hedging are helping to mitigate these issues. Jet2 is focused on maintaining its Customer First proposition, even as macroeconomic conditions may pressure profit margins. The company remains confident in its ability to attract customers due to its trusted brand and comprehensive holiday offerings.
Jet2 plc has repurchased an additional £33 million of its £337.4 million convertible bonds due in 2026, at a total consideration of £34.5 million. This move reduces the outstanding bond principal to £304.4 million, potentially strengthening Jet2’s financial position and reflecting strategic financial management.