Jet2 plc
PRELIMINARY RESULTS FOR YEAR ENDED 31 MARCH 2026
Record passenger numbers and revenue – results in line with expectations
London Gatwick expansion underlines our profitable growth strategy
New £250m share buyback programme announced
Jet2 plc, (the “Group” or the “Company”), the UK’s leading provider of package holidays and third largest airline is pleased to announce its preliminary results for the year ended 31 March 2026.
| Group financial highlights | 2026 | 2025 | Change | |
| Revenue | £7,482.1m | £7,173.5m | 4% | |
| Operating profit | £439.6m | £446.5m | (2%) | |
| Profit before FX revaluation and taxation† | £544.6m | £577.7m | (6%) | |
| Profit before taxation | £551.0m | £593.2m | (7%) | |
| Net cash | £2,012.9m | £2,017.9m | – | |
| Basic earnings per share | 211.2p | 213.1p | (1%) | |
| Final dividend per share | 12.4p | 12.1p | 2% | |
- Our proven differentiated, fully integrated operating model and end-to-end Customer First service proposition, continues to set us apart and remains central to our long-term success.
- Continued delivery against our growth strategy – another year of strong passenger demand and revenue growth alongside strategic investment in future expansion.
- Record flown passenger numbers – increased 5% to 20.83m (2025: 19.77m); flight-only passengers grew 15% to 7.64m (2025: 6.62m); and package holiday customers up 1% to 6.62m (2025: 6.58m).
- London Gatwick expansion – a significant opportunity to accelerate market share growth across the South of England. Performance to date is ahead of initial expectations with further expansion planned for Summer 2027.
- Resilient profit delivery – Operating profit of £439.6m after absorbing £11.0m of Gatwick startup investment, plus £50m of cost increases from employment taxes and incremental Sustainable Aviation Fuel (SAF) premiums.
- Robust liquidity position – total cash, including money market deposits of £3,292.5m (2025: £3,155.8m) and Net cash of £2,012.9m (2025: £2,017.9m).
- Shareholder returns – £363.0m returned to shareholders through share buyback programmes and dividends. The Board have proposed a final dividend of 12.4p per share (2025: 12.1p), an increase of 2%.
- New share buyback – £250m programme announced, reflecting the Group’s strong liquidity, confidence in the medium-term outlook and disciplined approach to capital allocation.
- Basic EPS of 211.2p (2025: 213.1p) and diluted EPS of 208.2p (2025: 207.2p).
- Outlook – Summer 2026 on-sale capacity is 7.7% ahead of Summer 2025. Reduced geopolitical uncertainty has led to strong booking momentum in recent weeks, supported by targeted price investment. Booked-to-date passengers for summer are up 7.1%, with average load factor for the first four months of the year currently 1.2ppts ahead of the prior year. The Group remains confident in the resilience of demand as it continues to invest in load factor, supported by the strength of its proposition, the agility of its operating model and its competitive, value-led pricing.
Steve Heapy, Jet2 plc Chief Executive Officer, commented: “The 2026 financial year was another period of strong progress for Jet2. We took more customers on holiday than ever before, delivered record Revenue and achieved a resilient Operating profit performance even after absorbing Gatwick start-up investment and wider industry cost pressures.
Jet2 is a business with strong fundamentals, an attractive and differentiated product proposition and a trusted brand built on consistently high standards of customer service. These strengths, which sit at the heart of our People, Service, Profits philosophy, give me confidence in the Group’s ability to deliver sustainable long-term profitable growth as customers continue to choose Jet2 for their hard-earned holidays. Supported by the dedication of our Colleagues who deliver our award-winning Customer First service, we remain firmly focused on delivering our long-term ambition: To be the UK’s Leading and Best Leisure Travel business.”
Analyst and Investor meeting
The management team will host an analyst and investor meeting at 9.00am UK time, on Wednesday 8 July 2026. The meeting will be available to join remotely via audio-cast. To access the meeting remotely, please register at the following link: https://brrmedia.news/JET2_FY26
A replay of the meeting will be available shortly on the Company’s investor relations website: www.jet2plc.com/en/company-reports