Jet2 plc
PRELIMINARY RESULTS FOR YEAR ENDED 31 MARCH 2025
Record Passenger numbers, Revenue and Profitability
Jet2 plc, the Leisure Travel group (the “Group” or the “Company”), announces its preliminary results for the year ended 31 March 2025.
| Group financial highlights | 2025 | 2024 | Change | |
| Revenue | £7,173.5m | £6,255.3m | 15% | |
| Operating profit | £446.5m | £428.2m | 4% | |
| Profit before FX revaluation and taxation | £577.7m | £520.1m | 11% | |
| Profit before taxation | £593.2m | £529.5m | 12% | |
| Profit after taxation | £446.8m | £399.2m | 12% | |
| Basic earnings per share | 213.1p | 185.9p | 15% | |
| Final dividend per share | 12.1p | 10.7p | 13% | |
- Further progress made against our growth strategy – total flown passengers grew 12% to 19.77m (2024: 17.72m); higher margin per passenger package holiday customers rose 8% to 6.58m (2024: 6.08m) with flight-only passengers up 18% to 6.62m (2024: 5.61m).
- Group profit before FX revaluation and taxation increased by 11% to £577.7m (2024: £520.1m).
- Strategic investment – new bases at Bournemouth and London Luton airports mean 85% of the UK population are now within a 90-minute drive of our thirteen UK bases.
- Liquidity – year-end total cash, including money market deposits, was £3,155.8m (2024: £3,184.7m) with ‘Own Cash’ (excluding advance customer deposits), at £1,096.9m (2024: £1,331.4m). Total debt reduced by 22% and net cash increased by 17% to £2,017.9m (2024: £1,729.3m).
- Basic EPS improved by 15% to 213.1p (2024: 185.9p) and diluted EPS increased 22% to 207.2p (2024: 170.4p) as the potential dilutive impact of the convertible bond was eliminated.
- Increased dividend – the Board has resolved to pay a final dividend of 12.1p per share (2024: 10.7p), an increase of 13%, reflecting the positive financial performance, bringing the total dividend to 16.5p per share for the year (2024: 14.7p).
- Shareholder Returns – reflecting our confidence in the prospects of our business and a commitment to return value to shareholders, we announced on 29 April 2025 the launch of a share buyback programme of up to £250m. The programme is currently over 35% complete.
- Bookings for Summer 2025 continue to be made closer to departure as previously announced, but it is clear that customers’ eagerness to get away from it all and enjoy a relaxing overseas holiday in the sun remains strong, provided pricing is attractive.
- We are currently trading in line with market expectations‡ supported by our flexible and fully integrated business model which provides the Group with the ability to balance average load factor, pricing and product mix, in order to maximise overall profitability.
Steve Heapy, Jet2 plc Chief Executive Officer, commented: “These results reaffirm the enduring appeal, resilience and differentiation of our product offering founded on end-to-end customer care, all of which help to create cherished holiday memories for our Customers. The strength of our proposition, delivered by Colleagues who are dedicated to providing award-winning Customer First service, will enable us to fulfil our long-term strategy: To be the UK’s Leading and Best Leisure Travel business.“
‡ Based on Company compiled consensus, the Board believes the current average market expectations for Group profit before FX revaluation and taxation for the year ending 31 March 2026 to be £579m.
Analyst and Investor meeting
The management team will host an analyst and investor meeting at 9.00am UK time, on Wednesday 9 July 2025. The meeting will be available to join remotely via audio-cast. To access the meeting remotely, please register at the following link: https://brrmedia.news/JET2_FY25
A replay of the meeting will be available shortly on the Company’s investor relations website: www.jet2plc.com/en/company-reports