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JET2 Jet2 Plc

1,362.00
22.00 (1.64%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Jet2 Plc JET2 London Ordinary Share
  Price Change Price Change % Share Price Last Trade
22.00 1.64% 1,362.00 16:35:06
Open Price Low Price High Price Close Price Previous Close
1,351.00 1,350.00 1,384.00 1,362.00 1,340.00
more quote information »
Industry Sector
TRAVEL & LEISURE

Jet2 JET2 Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
23/11/2023InterimGBP0.0428/12/202329/12/202302/02/2024
06/07/2023FinalGBP0.0821/09/202322/09/202325/10/2023
24/11/2022InterimGBP0.0329/12/202230/12/202203/02/2023

Top Dividend Posts

Top Posts
Posted at 09/5/2024 17:49 by investor73
Jet2.com and Jet2holidays have added 35,000 seats as the sister companies hike capacity for summer 2025.

hxxps://travelweekly.co.uk/news/air/jet2-extends-summer-2025-season-with-capacity-hike
Posted at 25/4/2024 18:21 by bigbigdave
Jet2.com has been named Best Airline at the prestigious Routes Europe 2024 Awards.

The awards, regarded as one of the key accolades in European aviation, took place on April 23rd at Routes Europe 2024 at Aarhus in Denmark. The awards bring together key figures from the industry to celebrate excellence in aviation, as well as outstanding achievements in the industry.

Jet2.com was recognised by judges for its sustainable and responsible growth which has been driven by new routes, including more than 40 new routes for Summer 24. Judges commended the UK’s third largest airline for fleet growth and the launch of new UK airport bases, Liverpool John Lennon and Bournemouth Airports, which means the company will operate from 12 UK bases in Summer 25.

The airline was also praised for its partnership approach to working with airport and tourism partners, as well as for offering customers unrivalled choice and flexibility. Judges also recognised Jet2.com’s industry-leading customer satisfaction scores, something the airline has repeatedly won high-profile accolades, such as Which? Travel Brand of the Year, for.

Steve Heapy, CEO of Jet2.com, said: “We are absolutely delighted to have won this prestigious award which recognises Jet2.com’s strength and success, as well as our industry-leading approach to supporting and working with airport and destination partners.”

He added: "The Routes Awards are truly global, so this accolade is outstanding evidence of the success of our business, our relentless focus on customer service, and our continued commitment to building long-term and mutually beneficial partnerships with airports and destinations.”
Posted at 25/4/2024 11:13 by darrin1471
I don't fly much but when I do I fly out of season. JET2 check-in has been quick and well staffed, if not over staffed. I look across at EZJ and their queues are 10x the length and a lot slower. I'm flying EZJ next week as JET2 did not have the flight dates I needed.
Although I have not traded this drop to 1400, I still have a half core holding in JET2 which I will reduce into any price strength.
Posted at 18/4/2024 15:03 by rivaldo
Shares Magazine today in its main feature article recommends 5 "cheap UK stocks". Jet2 is one of them:

"Analysts have struggled to keep pace with UK package holiday business and travel operator Jet2’s (JET:AIM) earnings momentum post the pandemic resulting in double-digit upgrades to forecasts over the last year.

Therefore, despite the shares gaining 13% over the last 12 months, the valuation remains attractive with a one-year forward PE ratio of 8.6 times.

The fundamental driver of the upgrades is people are still booking holidays despite the cost-of-living crisis and the associated strain on household budgets.

At the same time, the group is expanding its UK footprint with a new Liverpool base at John Lennon airport, its eleventh base so far, with Bournemouth airport to follow.

Analyst Damian Brewer at Canaccord Genuity believes Jet2 shares are ‘over £5 too cheap’, citing the strength of the group’s holiday product and ‘strong repeat custom’. ‘The annual holiday is a priority that consumers cherish – and for families seeking a stress-free break in-resort support is important,’ says Brewer.
‘We believe Jet2’s key differentiators are variable-duration stays to suit each customer’s budget; all-in holiday cost certainty in a ‘one-clickR17; purchase; repeat customer base; stand-out attentive service; capital to meet off-season cash outflows; access to competitive wholesale hotel inventory and prices; and access to peak season UK and overseas airport slots.’

In February, the company raised its group pre-tax profit outlook for the financial year to March to between £510 million and £525 million (from £480 million to £520 million previously) on the back of strong winter 2023/2024 forward bookings – up
17% - for both flight-only and package holiday products.

In addition, on-sale seat capacity for summer 2024 is currently 12.5% higher than summer 2023 at 17.2 million seats."
Posted at 15/4/2024 12:39 by rivaldo
More detail on RBC'S initiation of coverage:



"Analysts at RBC Capital Markets initiated coverage on tour operator Jet2 at 'outperform' on Friday, citing shareholder upside from a customer-first proposition.

RBC said its 1,950.0p price target implied a 30% upside to the UK's leading tour operator and major airline, an integrated model it added has produced "a sector-leading" return on invested capital and customer experience.

"Despite strong credentials for growth and value creation, Jet2 trades on the cheapest EV valuation multiples in our transport coverage," said the Canadian bank.

"We expect Jet2 to benefit from an encouraging outlook for UK travel demand, and see upside to consensus expectations."
Posted at 09/4/2024 15:13 by darrin1471
toast. Thanks for the screenshots. Do simularweb only do charts or do they display the data in numbers?
Jet2holidays numbers for February looks about 10.2m vs 12.5m which is a jump of over 20% in traffic (3% extra days in a leap year). The JET2 site appears 25% up in February.
The JET2 data looks a lot better than ESJ.

The screenshots do not yet show Aprils data yet. I assume the big boys pay even more than you and get this data earlier and more often (weekly). I have always suspected that the retail footfall figures are sold prior to being released to the public.
Posted at 09/4/2024 12:11 by darrin1471
toast. Your data information is interesting information added to the wide knowledge available from some informed individuals on this thread.
I appreciate your data and I appreciate the other informed information on this thread.
I then make up my own opinions.
CT has been a holder of JET2 since before this thread started. I have found him to be informative. He has long term holdings in JET2, probably has medium term holdings and trades on weakness. CT has been successful on his short term trades in addition to his long term holdings.
I have a medium term holding in JET2 and have been mostly unsuccessful in short term trading in JET2.
toast, being nice to people costs nothing and will make you a happier investor and person. I hope you feel able to keep posting the data.
Posted at 26/3/2024 14:06 by scaff55
Jet2 has announced it will fly from a southern airport for the first time in its history.

The airline currently flies from airports across the country, but has never flown from an airport south of London.

Today, Tuesday 26 March, Jet2 confirmed it will make Bournemouth Airport its 12th base, and will launch 16 routes from April 2025.

Jet2 is currently the UK's third-biggest airline and largest tour operator in the country, and said the move was to match demand from the South of England.

The decision will support independent travel agents across the region, the company said, who have been asking the airline to fly from the south for 'years'.

It will also mean Bournemouth Airport needs to be expanded to accommodate hundreds of thousands more passengers each year.
Posted at 23/3/2024 14:41 by havinthelasttoast
Investors chronical article from nov. Confirms net cash.


Jet2 reports surge in profits
Profit grows by a third despite disruptions

November 23, 2023
by Michael Fahy


Net cash pile increases by 46 per cent to £1.82bn
Bookings slow but full-year guidance unchanged

Jet2 (JET2) is flying a lot more planes than it did prior to the pandemic but, for now at least, is comfortably managing to fill them at higher fare levels.

JET2:LSE
Jet2 PLC
1mth
Today change
-0.07% Price (GBP)
1,423.00
The company increased seat capacity by 7 per cent on last year to 11.97mn and said ticket yields for flight-only passengers rose by 18 per cent to over £124. It also increased the price of its holidays, and the proportion of passengers who fly with the company on a higher-margin package deal increased by 4.9 percentage points to 70.8 per cent.

As a result, profit before tax and currency movements increased by a third to £665mn even though floods and wildfires in Greece and air traffic disruption in the UK caused profitability to weaken by around £14mn. Cash flow also increased, meaning net cash (excluding leases) grew by 46 per cent to £1.82bn.

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The reaction from investors was muted, though. An admission that bookings for winter “have been a little slower in recent weeks” triggered concern about the sustainability of demand, especially given that capacity will be 21 per cent higher than last year. The company maintained full-year guidance of pre-tax profit before currency movements of between £480mn and £520mn, though, and said early-stage bookings for next summer were “encouraging”, with load factors higher despite a 12 per cent capacity increase.

Although holidays are a discretionary spend, Peel Hunt analyst Alexander Paterson argued in a recent note that it's one for which customers are willing to make sacrifices. We concur, and remain of the opinion that with Jet2’s shares trading at 6.5 times the FactSet broker consensus forecast, they will appeal to the bargain-hunter as much as its holidays. Buy.
Posted at 01/3/2024 06:41 by rivaldo
Questor in the Telegraph are positive this morning:



"Update: Jet2

While shares in Jet2 have doubled since they were added to our IHT portfolio in January 2018, they still have further room to run amid the prospect of an improving consumer outlook.

The travel company’s latest trading update, released last month, showed that it was making encouraging overall progress. A solid performance in winter 2023-24 bookings prompted a slight increase in financial guidance for the current year: the company now expects to generate pre-tax profits of between £510m and £525m, compared with previous guidance of £480m to £520m, as higher-margin package holidays account for a greater proportion of sales than in the previous year.

As for summer 2024 bookings, average load factors are currently 1.5 percentage points higher than at the same time last year. Although the number of package holiday customers is up 17pc year-on-year, they account for a similar proportion of overall bookings vis-a-vis the same point of the previous year.

The company also reported that it had taken delivery of five new aeroplanes, while six further aircraft are due to join its fleet before the end of 2025. They have the potential to reduce costs because they are more fuel-efficient than the aircraft they are replacing.

While annual or twice-yearly holidays are arguably a staple rather than discretionary item, Jet2 is still likely to benefit from an improving consumer outlook. Consumers may, for example, holiday more frequently or spend more on each holiday than in recent years.

Jet2’s shares trade at just eight times forecast earnings, so they continue to offer enormous capital growth potential and remain a core holding in our IHT portfolio."

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