UK leisure carrier Jet2 is exercising caution over its winter schedule, trimming its capacity for the season in response to consumer uncertainty.
The airline states that a closer-to-departure booking trend has “become more pronounced” since its trading update in early July.
While the airline still expects to turn in a strong full-year profit, it says the EBIT figure is forecast to be “towards the lower end” of the consensus of £449-496 million ($603-667 million).
The company achieved EBIT of £446 million for 2024-25.
Jet2 is trimming its winter seat capacity by 3% from the previous plan, although the total offered will still be an increase of 9% over last winter.
It adds that, along with the decision to “exercise capacity discipline”, it will also “maintain attractive pricing”.
Chief executive Steve Heapy says the company is operating in a ”difficult market” but stresses that it has a “proven business model” along with a “loyal customer base”.
He adds that the carrier is able to manage capacity flexibly.
”We believe that these factors provide the foundation for a solid financial result this year and for further profitable growth in the years to come,” he says.
Jet2 says it is unable to provide definitive guidance over its full-year profitability, given the later booking profile and the fact that it still has much of its winter capacity still to sell.
Source link
UK leisure carrier Jet2 is exercising caution over its winter schedule, trimming its capacity for the season in response to consumer uncertainty.
The airline states that a closer-to-departure booking trend has “become more pronounced” since its trading update in early July.
While the airline still expects to turn in a strong full-year profit, it says the EBIT figure is forecast to be “towards the lower end” of the consensus of £449-496 million ($603-667 million).
The company achieved EBIT of £446 million for 2024-25.
Jet2 is trimming its winter seat capacity by 3% from the previous plan, although the total offered will still be an increase of 9% over last winter.
It adds that, along with the decision to “exercise capacity discipline”, it will also “maintain attractive pricing”.
Chief executive Steve Heapy says the company is operating in a ”difficult market” but stresses that it has a “proven business model” along with a “loyal customer base”.
He adds that the carrier is able to manage capacity flexibly.
”We believe that these factors provide the foundation for a solid financial result this year and for further profitable growth in the years to come,” he says.
Jet2 says it is unable to provide definitive guidance over its full-year profitability, given the later booking profile and the fact that it still has much of its winter capacity still to sell.
Source link
Share This:
admin
Plan the perfect NYC Memorial Day weekend
Pack only what you need and avoid overpacking to streamline the check-in and security screening…
LA’s worst traffic areas and how to avoid them
Consider using alternative routes, such as Sepulveda Boulevard, which runs parallel to the 405 in…
Safran tasks new UK centre with electric and composite research for future single-aisle
French aerospace firm Safran is internationalising its technology research operation by setting up a centre…
Leonardo Helicopters’ Proteus technology demonstrator poised to make first flight for UK Royal Navy
Leonardo Helicopters has edged a step closer to flying its AW09-based Proteus technology demonstrator for…
Brazil test fires MBDA Meteor missiles from Gripen E fighter in major milestone
Brazil has notched a major milestone in its campaign to phase in Saab’s latest Gripen…
Aeroflot Group discloses acquisition of 747 and 737 freighters
Aeroflot Group has disclosed that eight aircraft – including freighters – have been introduced to…
Airbus cuts full-year delivery target by 30 aircraft
Airbus has cut its full-year delivery target to 790 commercial aircraft, down from the original…
Hi Fly claims Antarctic first with A330 follow-up to A340 landing
Portuguese wet-lease specialist Hi Fly has flown an Airbus A330-300 to Antarctica, claiming a first…
Austria to field 12-strong Leonardo M-346FA fleet from 2028 under $1.75 billion deal
Austria has finalised a roughly €1.5 billion ($1.75 billion) deal that will lead to its…
Avincis and DHC partner on CL-series waterbomber support
Aerial services provider Avincis is to collaborate with De Havilland Canada (DHC) on a series…
MBDA Meteor missile integration nears flight-test phase with Lockheed Martin’s stealthy F-35A
MBDA’s Meteor beyond-visual-range air-to-air missile has moved a step closer to commencing flight trials with…
Jekta hydrogen-electric amphibian aircraft scale model testing begins January 2024
Swiss start-up Jekta plans next month to begin flight testing a scale model of the…