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Jet2 Boosts Dividend After Posting Record Passengers and Profits

Robust late bookings, coupled with new bases at Bournemouth plus London Luton, drove revenue to £7.2 billion.

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Jet2’s revenue has taken off

Overview

  • Jet2 carried a record 19.8 million passengers in the year to March, marking a 12% increase over last year.
  • Revenue rose 15% to £7.2 billion while pre-tax profit climbed 12% to £593.2 million.
  • The final dividend was increased by 13% to 12.1 pence per share and 35% of a £250 million share buyback programme has been completed.
  • Launches at Bournemouth and London Luton hubs extend Jet2’s reach to within a 90-minute drive of 85% of the UK population.
  • Strong last-minute bookings have pushed summer seat capacity up 8% year-on-year but limit forward visibility given economic and geopolitical uncertainty.