Overview

• The airline reduced winter seats on sale by 200,000 to 5.6 million, which remains 9% higher than last year.
• Jet2 now expects underlying earnings for the year to March 31, 2026 to be toward the lower end of the £449m–£496m consensus range.
• Shares dropped more than 17% early before easing to about a 10% decline in morning trading.
• Package holiday customers rose about 2% over summer while flight-only passengers increased about 17%, following an 8% lift in summer capacity to 18.5 million seats.
• Management cited a less certain consumer backdrop, emphasized capacity discipline, implemented modest summer price increases, plans attractive winter pricing, and said it is too early to give definitive profit guidance.