CEO Steve Heapy, said: “We recognise the current macro-economic conditions and the many demands placed on consumer discretionary incomes, which combined with the later booking profile and cost headwinds detailed, may mean profit margins in the year ahead come under some pressure.”.
The company said it now expects for the year ending 31 March 2025 to be between £560 million and £570 million, an 8% to 10% increase on the previous year.
A further headwind is the required increase in use of Sustainable Aviation Fuel to 2% of total aircraft fuel mix which “will result in over £20m of incremental costs, owing to the significant price differential between SAF and conventional jet fuel.”.
It said that the “later booking profile” first noticed last summer has continued into the winter season 2025.
Jet2 said it is also facing above inflation cost increases particularly for hotel accommodation, aircraft maintenance and general airport and Eurocontrol charges.
