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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jet2 | JET2 | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -20.00 | -1.29% | 1,528.00 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,505.00 | 1,505.00 | 1,556.00 | 1,528.00 | 1,548.00 |
| 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 06/2/2025 10:21 by pangrati Repurchase of Convertible BondFurther to the announcement on 15 November 2024, Jet2 plc, the Leisure Travel group, announces that it has repurchased a further £33.0m in aggregate principal amount of the Company's £337.4 million 1.625% guaranteed convertible bonds due 2026 (ISIN: XS2351465179) (the "Convertible Bonds") at a weighted average price of 104.66%, representing a total consideration of £34.5m. Following this purchase, £304.4m in aggregate principal amount of the Convertible Bonds remains outstanding. The Convertible Bonds which have been repurchased will be surrendered by the Company for cancellation. Capitalised terms not otherwise defined in this announcement shall have the meaning given to them in the terms and conditions of the Convertible Bonds which are available on the Company's website at hxxps://www.jet2plc. |
Posted at 04/2/2025 09:43 by smartmoney100 Jefferies raises Jet2 price target to 2,200 (1,800) pence - 'buy' |
Posted at 30/12/2024 17:46 by angus mcoatup Jet2holidays and sister airline Jet2.com have reported a spike in bookings over the festive period, including an increase in sales made on Christmas Day. |
Posted at 20/12/2024 11:12 by rivaldo JET2 are one of Shares Magazine's top 10 stocks for 2025 in their new issue.Interesting extracts: "The company recently won European Airline of the Year and scores highly on review platforms TripAdvisor and Trustpilot and its excellence in this area, including during Covid when it stood out compared with several of its rivals, has enabled it gain market share and secure loyalty from existing customers. The current valuation doesn’t fully reflect Jet2’s existing business attributes, its strong balance sheet and its scope for growth." "Jet2’s jewel in the crown is its Jet2holidays arm. The UK’s largest tour operator is ATOL-licenced for more than seven million customers. Bookings for package holidays are more resilient and reliable than for flights and yet the company is currently trading at 8.9 times earnings – more akin to the valuation afforded a pure airline operation. The company’s rapid growth both before and coming out of the pandemic means this is now a large business in stock market terms. Should the lure of relaxed listing rules see it move from AIM to the Main Market, then the company would comfortably be a member of the FTSE 250 and be on the cusp of FTSE 100 membership. Any such move could act as a kicker for the share price as it boosts the profile of the shares and tracker funds are forced to buy." ".....Jet2 can fund this increase in capacity, with planned capital expenditure expected to total nearly £5.7 billion over the coming seven years, thanks to its strong balance sheet. It had more than £2 billion of net cash at the last count even if this figure is inflated by the funds the company holds as customer deposits. The long-term visibility on its trajectory also means Jet2 can achieve operating cost efficiencies and plan sensibly for the future. The company’s careful management of external risks is reflected in the fact it is70% hedged for summer 2025 for both foreign exchange (dollar and euro) and jet fuel exposure and 100% hedged for calendar year 2025 carbon emissions allowances." |
Posted at 25/11/2024 08:43 by rivaldo More good PR this morning:"No turbulence at Jet2, says AJ Bell Record half-year results from Jet2 (JET2) delivered a smooth landing for investors as the package holiday group balances profitability with well-priced breaks. The Citywire Elite Companies AA-rated company said it was on track to beat full-year guidance after the results showed revenues climbed 15% to £5bn and pre-tax profit rise 16% to £772m in the six months to the end of September. ‘Price still remains a determining factor in people’s decision making and Jet2 seems to have got the balance right between protecting its own profitability and still offering reasonable value for its customers,’ said analyst Russ Mould. Jet2’s confidence in the outlook was marked with a ‘meaningful&rs ‘The company’s hedging of fuel and currency exposure into 2025 gives both it and its shareholders decent visibility as it flies into next year,’ said Mould. ‘The company’s strong balance sheet and consistent cash generation also means it has a buffer to guard against future turbulence.’" |
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 |
Posted at 12/10/2024 07:55 by davebowler ii AIM growth business of the yearThis year: Jet2 (JET2)Last year: Kitwave Group (KITW)Airline and tour operator Jet2 Ordinary Shares JET20.42%, then known as Dart Group, moved from the Main Market to AIM in August 2005. It has grown to become the largest company on AIM with a market capitalisation of more than £3 billion.Covid lockdowns were tough, but Jet2 is making a recovery. Canaccord Genuity has upgraded its 2024-25 pre-tax profit forecast from £523 million to £535.5 million following the AGM trading update. There was strong late booking activity in the summer and the prices of holidays increased. Repeat package holidays customers account for more than three-fifths of numbers. |
Posted at 13/9/2024 06:43 by rivaldo "Jet2 flying high, says BuffettologyBudget airline and package holiday group Jet2 (JET2) remains ahead of its peers even in the face of the CrowdStrike technology outage, says Sanford DeLand manager Keith Ashworth-Lord. The Citywire Elite Companies A-rated stock is the fifth-largest holding in Ashworth-Lord’ The share price was ‘whipsawed&rsq ‘Jet2 builds contingency for such events into its forecasts but the scale of the event means it will have been costly,’ he said. However, he noted the overshadowed results and the future outlook from Jet2 were ‘in stark contrast to that of Ryanair, which announced downward pressure on air fares for the summer season.’ ‘Maybe that is the difference between being consistently near the bottom of the Which? customer satisfaction surveys versus Jet2, currently the highest rated provider. In our view, this is where the relative pricing power comes from,’ said the manager.£ |
Posted at 06/9/2024 05:57 by davebowler Jet2 valuation 'far too low', says Peel HuntThe valuation of Jet2 (JET2) has been hampered by a tough trading environment but it does not reflect the fact the package holiday group is giving customers what they want, says Peel Hunt.Analyst Alexander Paterson reiterated his 'buy' recommendation and target price of £22 on the Citywire Elite Companies A-rated stock, which climbed 1% to £14.70 on Thursday and has soared 40% over the past year.The company has described full-year 2025 year-to-date trading as in line with management expectations.'The shift to later booking patterns has continued, but robust booking momentum means load factors have improved since June,' said Paterson. 'Package holiday mix also remains much higher than pre-Covid levels.'Paterson said that Jet2 'continues to offer what customers want and generates superb customer satisfaction ratings'.'This is not an easy trading environment, and we do not believe the current valuation sufficiently reflects the group's progress,' he said.The shares currently trade on a price to earnings of 8 times which he said was 'far too low'. |
Posted at 05/9/2024 12:58 by rivaldo A good, solid statement, with some optimism looking forwards.Canaccord retain their 1900p target - and they've upgraded this year's numbers to 171.1p EPS (from 167.2p EPS): "In consequence, our forecast revenues and cost mix changes and we now see FY25E PBT at £535m (was £523m), with outlook in line with management expectations" Also worth noting: "We estimate that Jet2 has the strongest balance sheet ratios in the comparator shown – so we think it can ride-out unexpected pressures and/or exploit opportunities. Its metrics are (in our view) much better placed that TUI, or easyJet." They summarise: "Jet2’s trading update demonstrates the distinctive value of holidays to us - which are >80% of revenues, backed up by a ‘Fortress Balance Sheet’. Summer has seen strong late bookings and resilient (increased +6% CGe) holiday pricing (flight-only was softer): We see FY25E PBT at £535m (and H1 PBT +13.8% YoY at £752m) and Jet2 see trading in line with management expectations. Summer 2024 seats are +12.4% YoY, on holiday bookings +8% (was +7%) YoY, flight only +17% (was +16%). Summer 2024 holiday mix is 70.2%. We see FY25E at 68.0%. We project booked holiday pricing at +6% CGe (H1) and flight-only softer (-2% CGe) for summer. Jet2 shares have relatively outperformed TUI and easyJet by 20-33% YTD but we estimate Jet2 shares are £4.5 too cheap and are still pricing in a yet unseen 30% PBT downgrade. We believe Jet2 continues to generate strong cash earnings, and our BUY is reinforced by: the strength of Jet2’s holiday product (NPS up at 69 from 66), strong Which? reviews; its strong repeat custom; well-regarded colleagues; strong returns (~25% RoE); strong FCF; ‘fortress̵ |
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