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Jet2 (JET2) investor relations material

Jet2 Q4 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2026 TU earnings summary29 Apr, 2026

Executive summary

  • FY26 operating profit expected between £435m and £440m, aligning with market expectations and slightly below FY25's £446.5m.

  • Launch of London Gatwick base in March 2026 incurred £11m in startup costs but is performing ahead of expectations.

  • Over 0.4m passengers booked for the summer season at the new Gatwick base.

Financial highlights

  • Total cash at 31 March 2026 stands at £3.3bn, with net cash of £2.0bn.

  • £363.0m returned to shareholders during the year.

  • Access to an undrawn £500m revolving credit facility.

Outlook and guidance

  • Summer 2026 on-sale capacity up 7.7% year-over-year to 19.9m seats.

  • Booked passengers up 6.2% compared to the prior year, with both package holidays and flight-only segments growing.

  • Q1 average load factor in line with the prior year; geopolitical uncertainty in the Middle East limits visibility for peak summer and beyond.

  • 87% of summer jet fuel requirement hedged at $707 per metric tonne.

Discuss Middle East impact on booking visibility
Explain the 1.5% gap in capacity vs bookings
Detail the Gatwick launch impact on FY26 profit
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