New Jet2 announcement ‘on Wednesday’ as holidaymakers ‘make change’ | Travel News | Travel
Shareholders of one of Britain’s biggest package holiday operators are eager to find out whether US-Iran peace talks have boosted travel demand and stabilized jet fuel supplies as the summer booking season gets underway. Jet2 will announce its full-year financial results on Wednesday, following a turbulent period for the travel industry.
The airline and package holiday operator has told shareholders it expects to report an operating profit of between £435 million and £440 million for the end of March. Passenger reservations for the summer in April were above the previous year for both package holidays and flights, increasing investors’ optimism about the next season.
Jet2 said holidaymakers were increasingly booking reservations closer to their departure date, suggesting anxiety over conflict in the Middle East was encouraging travelers to opt for last-minute arrangements.
AJ Bell analysts Russ Mold and Dan Coatsworth said investors will want to get an update on how travel demand has increased since the US President. Donald Trump Last month, he announced that he had signed a peace agreement with Iran.
“Jet2’s commentary on current trading will be much more important than the full year figures to 31 March,” they said. “Reports show that holiday companies have experienced a strong rebound in business since Donald Trump said a peace deal had been signed with Iran.
“We have already seen oil prices return to pre-war levels in Iran and there are reports of an increase in bookings to Cyprus and Türkiye from various holiday companies.”
Jet2 offers holidays to both locations and all over the Mediterranean. The effective closure of the Strait of Hormuz, which has severely restricted shipping since the start of the Iran war, has caused a reduction in worldwide jet fuel supplies and led some carriers to shorten their summer itineraries.
But Jet2 sought to reassure passengers in May that its flight schedule would continue as normal throughout the summer and pledged to avoid surcharges on existing bookings to offset rising costs.
Meanwhile, the operator launched inaugural flights from a new base at London Gatwick Airport earlier this year and predicts this will provide access to a further 15 million potential customers.
