Jet2 has upgraded its revenue forecast for the monetary 12 months amid a latest surge in demand for international journeys.
The package deal vacation agency mentioned winter bookings had been up 17% on the earlier 12 months – with earnings additionally more likely to be boosted by the additional bissextile year day in February and Easter coming earlier in 2024.
Jet2 mentioned demand for breaks within the solar got here regardless of ongoing value of residing pressures on households – and mentioned it confirmed prospects “cherish their time away from our rainy island”.
It mentioned income earlier than tax within the 12 months ending 31 March had been more likely to be between £510m and £525m – up from earlier forecasts of £480m to £520m.
The firm mentioned bookings for the following monetary 12 months had been encouraging, with summer season 2024 package deal vacation prospects additionally up by 17% up to now.
Chief govt officer Steve Heapy mentioned: “We are pleased with how the 2024 financial year is ending and are encouraged by early bookings for summer 2024.
“While recognising that there are lots of calls for on client discretionary incomes, we consider that our prospects cherish their time away from our wet island and need to be correctly taken care of all through their vacation expertise.”
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A buying and selling replace from Jet2 on Thursday mentioned the upturn was additionally a mirrored image of a rise within the firm’s seat capability, together with through the supply of 5 new Airbus planes.
The agency mentioned it was “confident” prospects would proceed travelling with it to locations within the Mediterranean, the Canary Islands and European cities within the 12 months forward.
However, it added: “While pricing for summer 2024 across both our leisure travel products is currently showing an increase compared to the same period last year, we remain mindful of the current macro-economic and geo-political environments and how these could impact future consumer spending.”
Jet2’s preliminary outcomes for the monetary 12 months can be launched in July.
Source: information.sky.com”