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JET2 Jet2

1,620.00
-17.00 (-1.04%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jet2 LSE:JET2 London Ordinary Share GB00B1722W11 ORD 1.25P
  Price Change % Change Share Price Shares Traded Last Trade
  -17.00 -1.04% 1,620.00 239,137 16:35:00
Bid Price Offer Price High Price Low Price Open Price
1,616.00 1,619.00 1,679.00 1,615.00 1,640.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Air Transport, Nonscheduled 6.26B 399.2M 1.8595 8.69 3.51B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:21 O 32,110 1,620.89 GBX

Jet2 (JET2) Latest News

Jet2 (JET2) Discussions and Chat

Jet2 Forums and Chat

Date Time Title Posts
13/12/202408:12** Jet2 **9,549
17/4/202414:38Incredible performance for an Airline7

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Jet2 (JET2) Most Recent Trades

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Jet2 (JET2) Top Chat Posts

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Posted at 15/12/2024 08:20 by Jet2 Daily Update
Jet2 is listed in the Air Transport, Nonscheduled sector of the London Stock Exchange with ticker JET2. The last closing price for Jet2 was 1,637p.
Jet2 currently has 214,683,850 shares in issue. The market capitalisation of Jet2 is £3,469,291,016.
Jet2 has a price to earnings ratio (PE ratio) of 8.69.
This morning JET2 shares opened at 1,640p
Posted at 13/12/2024 07:09 by bigbigdave
RBC RAISES JET2 PRICE TARGET TO 2100 (2000) PENCE - 'OUTPERFORM'
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’ 10% increase in the dividend to 4.4p.

‘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-clickR17; 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) capital to meet offseason cash outflows; 6) access to competitive wholesale hotel inventory and prices; and 7) access to peak season UK and 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 2,050p Jet2 shares trade at <8x PER with ~9% FY24-29E EPS CAGR and ~15% Equity FCF yield. We see scope for 22% TSR CAGR over FY25E-29E. We value Jet2 using a weighted scenarios-based analysis (based on historic peer multiples) to deliver our 2050p target price.
Posted at 24/9/2024 14:06 by hardm
Yes, I agree with your last few posts. The company's constant downbeat and incomplete reports (i.e. always saying it's too early to forecast etc. instead of highlighting the positives) are damaging to the share price. The 'jet2 news' on the client facing website is much more upbeat, but the formal financial statements and reports are the opposite.

Yet again, we are stuck at a certain share price, with any 'bad news' causing a massive fall, but any 'good news' only resulting in a modest gain.

The prospect of further selling by Mr Meeson also means that investors are cautious.

Something needs to change if we are ever to reach the broker forecasts that average around 1900 (but have done so for some time now, without us getting close to it).
Posted at 13/9/2024 06:43 by rivaldo
"Jet2 flying high, says Buffettology

Budget 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’s CFP SDL UK Buffettology fund, where it makes up 5.2% of the £472m portfolio.

The share price was ‘whipsawed&rsquo; in August as ‘positivity over a strong set of full-year results yielded to the Microsoft-Crowdstrike outage, which caused major disruption to flights across the globe’, said Ashworth-Lord.

‘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 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; ‘fortress̵6; balance sheet with own cash remaining modestly above Jet2’s target ~£0.7bn minimum ‘own cash’ in 2029E after potential convertible bond repayment and capex rising to £1.275bn in 2029; and hard to replicate resources with competitively-priced assets (a 20-30 year competitive advantage, in our view)."
Posted at 22/7/2024 08:26 by hardm
Exactly. Seems like this is yet another opportunity for certain less scrupulous investors to force the Jet2 share price down in order to make more money, or simply an over-reaction to external events and a misread of the true position of the respective companies.
Posted at 22/7/2024 07:59 by scaff55
Ryanair results matter more to jet2 share price than jet2 results matter , Nothing more than a Con,
Posted at 22/7/2024 07:32 by darrin1471
It's interesting to plot Ryan vs JET2 share price YTD, 1yr and 5 yr.
Also adding in EZJ
Posted at 06/6/2024 06:44 by mrscruff
Funds and Trusts don't pay any tax other than on the managers fees and dividends...unless you mean stamp duty? I suppose no stamp duty is attractive not to pay on a massive sum even if it is only half a percent.

I think the shares are slowly been sold down to a level where a buyer will take the remaining stake and then JET2 share price jump up. Currently valuations are completely annomolious! If you hold the risk is extremely low though you may see more losses that are temporary but the upside is extremely high. No better risk reward for buy and hold style imho.

I suppose this explains manipulation like behaviour. I have been through this before with both ALPH and AXL most recently. In an efficient market these are punished because the market does now when a buyer is found. I will continue to sell ALPH slowly and buy Jet2.
Jet2 share price data is direct from the London Stock Exchange

Jet2 Frequently Asked Questions (FAQ)

What is the current Jet2 share price?
The current share price of Jet2 is 1620p.
How many Jet2 shares are in issue?
Jet2 has 214,683,850 shares in issue.
What is the market cap of Jet2?
The market capitalisation of Jet2 is GBP 3.51 B.
What is the 1 year trading range for Jet2 share price?
Jet2 has traded in the range of 1,202.00p to 1,679.00p during the past year.
What is the PE ratio of Jet2?
The price to earnings ratio of Jet2 is 8.69.
What is the cash to sales ratio of Jet2?
The cash to sales ratio of Jet2 is 0.55.
What is the reporting currency for Jet2?
Jet2 reports financial results in GBP.
What is the latest annual turnover for Jet2?
The latest annual turnover of Jet2 is GBP 6.26B.
What is the latest annual profit for Jet2?
The latest annual profit of Jet2 is GBP 399.2M.
What is the registered address of Jet2?
The registered address for Jet2 is LOW FARE FINDER HOUSE, LEEDS BRADFORD AIRPORT, LEEDS, LS19 7TU.
What is the Jet2 website address?
The website address for Jet2 is www.jet2plc.com.
Which industry sector does Jet2 operate in?
Jet2 operates in the ARRANGE TRANS-FREIGHT, CARGO sector.