UK leisure carrier Jet2 is forecasting it will exceed full-year financial expectations, with a profit of £370-385 million ($458-476 million) after winter bookings strengthened.
Jet2 states that average load factors, as a result, are slightly ahead of the pre-pandemic winter 2018-19 season, compared with a 24% hike in capacity.
The company gave the group profit forecast – before foreign-exchange revaluation and tax – in a 26 January trading update.
Jet2 says seat capacity on sale for the summer is 6.6% above the figure for the season last year, and load factors are set to be slightly higher..
“Forward bookings to date are encouraging,” it adds, with package holiday passengers accounting for about 77% of the total.
Jet2 acknowledges increased costs from fuel prices, the strong US dollar, and salaries. It says margins might face “some pressure” but believes customers will remain “keen to travel with us”.
It intends to disclose preliminary full-year results on 6 July.
Jet2’s share price has improved over the winter season, rising 80% since October last year.