Jet2 maintains growth trajectory ahead of Gatwick launch

(Sharecast News) - Package holidays provider Jet2 said on Wednesday that it has continued to make progress on its growth strategy in the year ending 31 March, with preparations for the launch of its new London Gatwick base progressing.

Jet2 said winter 2025/26 seat capacity remains at 5.5m, around 7.4% higher than the prior winter season, while average pricing across its leisure travel products was said to have followed a similar pattern to summer, with marketing spend reinvested into pricing to maintain value.

As a result, Jet2 expects to report a full-year operating profit in line with current market expectations of approximately �439m, including roughly �10m of promotional and startup costs linked to its Gatwick launch.

For the year ending March 2027, Jet2 said capacity growth has been focused on newer bases at Bournemouth, London Luton and London Gatwick, adding 1.1m seats, alongside measured growth of 2% at more established locations.

Jet2 stated onsale capacity for summer 2026 currently stands 8% higher than summer 2025 at 20m seats, compared with estimated UK market growth of around 5.5% for short and midhaul beach destinations.

The AIM-listed firm also said it was investing in load factor to ensure more customers could access its service, with bookedtodate passengers up 7.9%, including more than 260,000 at Gatwick.

Jet2 added that favourable fuel prices, with more than 75% of its FY27 requirement hedged, would help offset hotel inflation and higher sustainable aviation fuel and carbon costs.

As of 1030 GMT, Jet2 shares were down 1.32% at 1,270p.

Reporting by Iain Gilbert at Sharecast.com