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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jet2 | JET2 | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 5.00 | 0.30% | 1,657.00 | 16:35:29 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,653.00 | 1,651.00 | 1,672.00 | 1,657.00 | 1,652.00 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 21/11/2024 | Interim | GBP | 0.044 | 02/01/2025 | 03/01/2025 | 07/02/2025 |
| 11/07/2024 | Final | GBP | 0.107 | 19/09/2024 | 20/09/2024 | 23/10/2024 |
| 23/11/2023 | Interim | GBP | 0.04 | 28/12/2023 | 29/12/2023 | 02/02/2024 |
| 06/07/2023 | Final | GBP | 0.08 | 21/09/2023 | 22/09/2023 | 25/10/2023 |
| 24/11/2022 | Interim | GBP | 0.03 | 29/12/2022 | 30/12/2022 | 03/02/2023 |
| Top Posts |
|---|
Posted at 13/7/2025 10:27 by masher69 when the JET2 share price was 1,679.00p. We've had 3 trips this year so far with Jet2(package) and all were booked a week or so before departure. Our local airport is NCL and for all 3, the flights were virtually full.See in the Telegraph today Jet2 were the number 1 short haul airline. We normally use Ryanair for flight only trips but after seeing that Jet2 in their numbers had an 18% increase in flight only, I did a comparison based on 10 kg cabin bag, seat selection etc and the two were neck and neck. The surprise one was NCL to Chania where Jet2 was almost £100 cheaper although Ryanair had better flight times. I always thought Jet2 were a little pricey but that doesn't seem the case. |
Posted at 10/7/2025 20:00 by rl14 when the JET2 share price was 1,700.00p. imho there was some contradiction in that he said Jet2 is in line with consensus but was not confident about summer basically saying summer bookings are late - we are in midsummer now so they must be very late. How late before it morphs into 'its not happening'. Then he draws attention to the downside, he says winter bookings not there either and pricing is sensitive. So on what are they basing their confidence the co is in line given the lack of supporting evidence?the FT carries an interesting article where Heapy drones on about people wanting to escape their gloomy lives and other marketing spiel which sounds rather superior and aloof. there is always a tension, no board wants to frighten s/h, but they also want to cover their backs at the same time in case. Here it seems like someone is trying to ride two horses at the same time. The constant omnichannel advertising is telling its own story. I also thought Jet2 would benefit from the weaker transatlantic demand due to Trump etc but apparently not a factor. Maybe Jet2 will sneak through, as before, but there is some earnings risk. We have had some lovely weather in London. Am I in a rush to charge off to Spain or Italy? nope. the people in the office on holiday now booked a few months ago. But no one is booking now. also I think genuine disappointment that the co is remaining on AIM and also the relatively minor dividend uplift. This co can easily afford something approaching the market yield not this sad sub 1%. Overall I think tremendous pressure was brought to bear for them to do the share buyback. I think they ducked that for as long as they could. |
Posted at 10/7/2025 15:37 by 11023154 I'm beginning to think the Jet2 story is coming to an end for me. I traded Jet2 (Dart Group PLC, LSE:DTG) from £2.58 up to £18.90 before Covid. I sold my entire position then and have dipped in and out since but not significantly.I specialise in small companies who are growing, Britain has a reputation for growing small medium sized businesses into bigger ones. The trend was straightforward, it was a medium cap AIM business, it was growing its revenues and it was growing its profits.For me now, the time to say goodbye to LSE:JET2 is now. Best of luck holders. |
Posted at 02/7/2025 10:00 by trying2trade I think we will see a short - mid term problem here of how competitive the market has become. Jet2 are themselves aggressively chasing other business. The move to put aircraft into Liverpool, Luton and Bournemouth. The Luton move is particularly curious in my view, the time frames to ensure load factors and crewing were not lengthy. it was a bit hashed together which is most unlike Jet2. Luton as well is ultra low cost due to the presence of EZY, Ryanair and Wizz. Bournemouth, it's catchment area is limited and you already have ryanair and TUI there. This I see as a loss leader to try and get TUI out of the picture. Jet2 don't get the credit, but ultimately they were single handedly the biggest factor in Monarch and Thomas Cook going under. Yes I can absolutely see why a company doesn't shout about that, but as a share holding I want to see companies eating up the competition. But I don't want them to be like a bull in a china shop, which is what the Luton move looks like. There's going to be a consolidation period, potentially even some less than pleasing figures. EZY holidays or TUI must be in jet2s crosshairs. I can see they've gone for EZY with the move at Luton. The same for TUI at Bournemouth. The next set of figures will show margin pressure. The ace card is there has been zero significant disruption across Europe so far this summer. Millions will be set aside to cover those costs should they arise. So far it's not had to be paid out. |
Posted at 12/6/2025 11:50 by rl14 AIM IHT benefits are being slowly removed anyway, may well not be there in say 5 years time.Remember there was the £5k annual dividend income allowance. How long did that last. It is now £500 !! UK government regardless of the party changes its mind on taxes frequently. Move to the main list which is long overdue would be very positive for Jet2 and far outweigh IHT benefits for Meeson or anyone else. Gama moved to AIM (1/4 value of Jet2) likewise Brooks Macdonald (1/10th value of Jet2) in recent months. AIM is associated with loser companies that need tax incentives to attract investors. |
Posted at 02/5/2025 15:49 by rl14 Well I don't agree on that point, simply because as we have seen many times the results alone don't make much permanent impact.Jet2 is the largest co on AIM, it is near the FTSE 100 borderline. At £3.5bn v the average AIM co at £110m - the whole thing is an anachronism. It is not a junior co, has not been for a decade and it should have graduated long ago. Hanging around on AIM means it does not get ETF interest. IHT is all very well, but point is it happens when you are dead. Frankly its value has been over egged. A member of my family passed away recently - she had a few AIM shares and a very valuable property - IHT on single digit millions - its bad - having a few AIM shares frankly was neither here nor there. If pandering to the majority holder is the reason for AIM then that's a shame, because listed companies should do what's right. A full listing and a more coherent dividend policy would also encourage CFD interest. Right now a CFD long in Jet2 is expensive on paper, given CFD financing at SONIA + 2.5% i.e. c. 7% v the Jet2 yield of c. 1% - hence a 6% net carry. Jet2 does not fly as a CFD, at least on paper. I want to see this co operate on a more normal basis not hiding away on AIM getting away with paying s/h peanuts. A big step was taken this week, but I am hopeful there is momentum for change - which has been lacking here for a few years now lets face it- they have gotten away with this for years. I am hoping this turning of the page carries on. Fingers crossed. |
Posted at 29/4/2025 08:26 by davebowler Canaccord Genuity view With FY26E on track and a planned £0.25bn share buy-back (SBB) (on shares at their lowest EV/EBITDA in >15 years), we think uncertainty is investable where opportunities arise in companies with an excellent (customer-rated) product and highly rated service; with limited long-term fixed costs and strong flexibility (Jet2's largest cost is accommodation where fixed commitment is small, estimated by us at ~5-10% for summer); low risk of stranded capital; and balance sheet strength (£3.2bn FY25 total cash) where Jet2 has minimal Own Net Debt, and ~£1.1bn (FY25E) of unencumbered cash. Jet2 sees FY25E at £575-580m PBT. Summer 2025 sees seat growth of 8.3% (ow 4.3ppts is 'same base' growth), while late bookings and optimisation focus sees flight-only mix a little higher YoY. Despite limited forward visibility, pricing is positive with Holidays seeing a modest increase (we project >3%), flight-only slightly positive, while Jet2 are 'satisfied with...progress FY26 to date'. We see FY26E PBT outlook a touch higher with PBT margin lower but profits still +2% YoY ex. one off disposal gains. To us, this outlook demonstrates Jet2's strengths and value stemming from its end-to-end customer care backed by a 'Fortress Balance Sheet'. Key potential share price drivers Market share growth from strong customer trust, e.g., Jet2 repeat package holiday customers (>60%). Right product for consumers: Jet2 emphasises higher yield (for Jet2) end-to-end package holidays, offering customers flexibility at a predictable all-in cost. Holidays offer scope to deliver a more sustainable EPS and expand achieved PE as investors focus on the value of holidays. Strong cash, balance sheet We reaffirm our forecasts and see a normalised FY25E PBT margin of 8.0% (7.3% FY26E). It reflects our view of consumer caution and industry supply growth risks, sales pricing and cost inflation (accommodation, fuel and wages). Nevertheless, strong cash generation (after capex) sees estimated 'own net debt' levels modest - expanding upward share price pressure. Key differentiators: Holidays matter and a 'customer first' mindset We think data support the assertion that consumers value the annual holiday. With >80% of revenues from Holidays, Jet2 is a holiday company (not an airline) with longer (and more resilient) forward booking trajectories and a diverse profit contribution mix. We see the shares offering: 1) cash earnings quality after reinvesting in product & market share to compound EPS; 2) sufficient cash flow to finance capex, repay debt and remain at minimal ND/EBITDA levels; and 3) headroom to invest in new markets (e.g. Morocco) and UK bases to compound growth as customers repeat purchase. We believe Jet2's differentiators are: 1) variable duration stays to suit each customer's budget; 2) all-in holiday cost certainty in a 'one-click' purchase for customers wanting known costs; 3) high trust and NPS ratings leading to share gains and a strong (>60%) repeat customer base; 4) stand-out attentive service; 5) clear capital allocation and capital to meet offseason cash outflows; 6) access to competitive wholesale hotel inventory and prices; and 7) access to peak season UK & overseas airport slots. Potential catalysts include continued evidence of Jet2's ability to take share profitably and delivering on projections. High total shareholder return prospects BUY to 2,200p Jet2 shares trade at ~6x PER with ~10% FY24-29E EPS CAGR and ~17% equity FCF yield. We see scope for 21% TSR CAGR over FY25E-29E. We value Jet2 using a weighted scenarios-based analysis (incorporating a 35% bear case) based on historic peer multiples to deliver our increased 2,200p (from 2,050p) target price. |
Posted at 18/3/2025 22:23 by rl14 I have to say the Cannacord Genuity summary, as with many broker notes, is extremely saccharine - not one word of critique or even mild criticism, totally subservient.This is a successful co. I agree its a great business. However the point is why is it on such a tiny multiple. Why has it spent a few years now meandering around, not doing much frankly? What is it doing wrong? what could it do better? Jet2 needs to address the issues. Something tangible needs to be done to address why the need to hold £2.2bn in cash on a seemingly indefinite basis. a) it should graduate to the full list asap- stop the posturing as a small AIM co. Jet2 is the biggest co on AIM- the average AIM market cap is £110m. Lets get on the full list then we get ETF involvement. There isn't any now. The full list is the appropriate place to be. What Jet2 is doing now, hanging around on AIM, there is zero benefit in doing this. b) Lets have a modest SHARE buyback- is the point of doing the bond buyback an answer to why the co is refusing to buyback shares? does Jet2 think it is buying time by doing the bonds? why not have a modest 10% odd share buyback in place- it is easily affordable. c) Let's look at sorting the perceived Meeson overhang. D) Let's get a cash dividend that makes sense. Back in the days of 0.5% rates Jet2 position was understandable. But those days are gone. Let's get a more reasonable yield of say at least 2.5% not this very poor 1%. |
Posted at 12/3/2025 09:53 by davebowler Canaccord Genuity view We think Jet2 has again shown the benefit of its ‘fortress balance sheet’ by being able to take opportunistic action (with a likely high RoI, we think), in order to buy back its outstanding part of the £387.4m 2026 convertible bond. When fully completed we think this likely has a net £1-2m improvement on net finance charges (on a full-year basis) and our forecast tweaks reflect this – and the lower share count dilution on a FY basis (in FY26E onwards). We think Jet2’s strong liquidity position and balance sheet saw management believe it was appropriate to manage the upcoming maturity – which we think also simplifies capital structure and prevents potential dilution to shareholders in future. We think this is consistent with the buy-back of £50m (notional) convertible bonds in November 2024 and £33m in February 2025. Overall, after the 19 February 2025 update on Jet2, we think that our forecast PBT growth potential (despite external pressures) demonstrates Jet2's strengths, stemming from the value of holidays - which are >80% of Jet2’s revenues – backed up by a ‘fortress balance sheet’. Key potential share price drivers Market share growth from strong customer trust, e.g., Jet2 repeat package holiday customers (>60%). Right product for consumers: Jet2 emphasises higher yield (for Jet2) end-to-end package holidays, offering customers flexibility at a predictable all-in cost. Holidays offer scope to deliver a more sustainable EPS and expand achieved PE as investors focus on the value of holidays. Strong cash, balance sheet We reaffirm our forecasts and see a normalised FY25E PBT margin of 7.8% (7.3% FY26E). It reflects our view of consumer caution and industry supply growth risks, sales pricing and cost inflation (accommodation, fuel and wages). Nevertheless, strong cash generation (after capex) sees estimated ‘own net debt’ levels modest - expanding upward share price pressure. Key differentiators: Holidays matter and a 'customer first' mindset We think data support the assertion that consumers value the annual holiday. With >80% of revenues from Holidays, Jet2 is a holiday company (not an airline) – with longer (and more resilient) forward booking trajectories and a diverse profit contribution mix. We see the shares offering: 1) cash earnings quality after reinvesting in product and market share to compound EPS; 2) sufficient cash flow to finance capex, repay debt and remain at minimal ND/EBITDA levels; and 3) headroom to invest in start-up losses in new markets (e.g. Morocco) and UK bases to compound growth as customers repeat purchase. We believe Jet2's differentiators are: 1) variable duration stays to suit each customer’s budget; 2) all-in holiday cost certainty in a ‘one-clickR |
Posted at 21/11/2024 09:36 by davebowler CAnaccord Genuity -We lift our FY25E PBT to £564m (vs consensus £541m) and target price 2050p after Jet2’s interims delivered £772.4m PBT (pre-FX) (+16% YoY) with H1 operating profit at £701.5m (£617.0m). PBT margin was 15.2% (15.1%) on revenues up 15.4%. PBT per seat grew to £52.0 (£50.3) with interim DPS 4.4p (4.0p). To us, this demonstrates the value of holidays - which are >80% of Jet2’s revenues – backed up by a ‘fortress balance sheet’. Summer saw Holiday volumes lift 8% YoY and resilient (+6%) pricing (flight only was -1%). Jet2 sees winter seats up 14% YoY and pricing constructive for Jet2 Holidays (‘modest increase’) at this early stage. We estimate Jet2 shares are >£6 too cheap and are still pricing in a ~38% PBT downgrade (vs our further upgrade today). We believe Jet2 continues to generate strong cash earnings and our BUY is reinforced by: the strength of Jet2’s holiday product, strong Which? reviews; its high repeat custom; wellregarded colleagues; strong returns (~27% FY25E RoE); and strong cash generation deployed to capex (for a >65% summer 2030 unencumbered fleet), convertible bond repayment (£50m on 15/11/24) and shareholder’s interim dividends. With the shares ~40% below historical PER we reiterate BUY. Key potential share price drivers Market share growth from strong customer trust, e.g., Jet2 repeat package holiday customers (>60%). Right product for consumers: Jet2 emphasises higher yield (for Jet2) end-to-end package holidays, offering customers flexibility at a predictable all-in cost. Holidays offer scope to deliver a more sustainable EPS and expand achieved PE as investors focus on the value of holidays. Strong cash, balance sheet We uplift forecasts and see a normalised FY25E PBT margin of 7.8% (7.3% FY26E). This reflects our view of consumer caution and industry supply growth risks, sales pricing and cost inflation (accommodation, fuel and wages). Nevertheless, strong cash generation (after capex) sees estimated ‘own net debt’ levels modest - expanding upward share price pressure. Key differentiators: Holidays matter and a 'customer first' mindset We think data support the assertion that consumers value the annual holiday. With >80% of revenues from Holidays, Jet2 is a holiday company (not an airline) – with longer (and more resilient) forward booking trajectories and a diverse profit contribution mix. We see the shares offering: 1) cash earnings quality after reinvesting in product and market share to compound EPS; 2) sufficient cash flow to finance capex, repay debt and remain at minimal ND/EBITDA levels; and 3) headroom to invest in new markets and UK bases (e.g. Luton in 2025) to compound growth as customers repeat purchase. We believe Jet2's differentiators are: 1) variable duration stays to suit each customer’s budget; 2) all-in holiday cost certainty in a ‘one-clickR |
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