Overview

• Seats on sale for the winter season are reduced from 5.8 million to 5.6 million, a cut of about 3% that still leaves capacity roughly 9% above last winter.
• The company now expects underlying EBIT toward the lower end of the £449m–£496m consensus and says definitive full‑year profit guidance is not possible given late bookings.
• Jet2 reports a changing customer mix for the five months to end‑August, with package holiday passengers up 2% and flight‑only passengers up 17%.
• Management says it will exercise capacity discipline and maintain attractive pricing, highlighting flexibility to adjust the programme in a difficult market.
• Shares fell by double digits after the update, and peers also edged lower in early trading as investors weighed sector pricing power and demand visibility.