Jet2 plc·Consumer Cyclical

UBS sees more than 67% upside in Jet2 PLC (AIM:JET2) after the leisure airline and package holiday group guided full-year profit broadly in line with market expectations despite the cost of launching at Gatwick. The bank has repeated a 'Buy' rating and 1,790p price target on the shares, compared with a 1,070p closing price on 28 April.

Jet2 PLC (AIM:JET2) said it expects to report full-year profit for the year to March in line with market expectations, but said visibility for the coming summer season is unclear as later and later bookings have become the norm. The package holiday and airline group said operating profit for the year to 31 March 2026 will be around £435-440 million, down from £446.5 million the previous year.
Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations. The company was formerly known as Dart Group PLC and changed its name to Jet2 plc in September 2020. Jet2 plc was founded in 1971 and is based in Leeds, the United Kingdom.
Consumer Cyclical
Travel Services
14,053
2012-01-17
1.15