Fewer Jet2 holidays as budget firm cuts 200,000 seats after earnings forecast
Jet2 plans to cut 200,000 winter seats, canceling about 1,000 flights due to challenging market conditions and lower earnings forecasts, despite a 9% rise in seat capacity from last year.
- Jet2 has reduced the number of seats on sale by 200,000 to 5.6 million for the upcoming winter season, a 9% increase from the previous year.
- The travel company cited a less certain consumer environment and holidaymakers booking even closer to the departure date as reasons for the reduction.
- Jet2 now expects its underlying earnings for the year to March 31, 2026 to be towards the lower end of forecasts between £449 million and £496 million.
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Jet2 (LON:JET2) Shares Down 13.6% After Analyst Downgrade
Coverage Details
Total News Sources20
Leaning Left4Leaning Right3Center8Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 27%
C 53%
R 20%
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