Jet2 warns of rising costs while holidaymakers opt for last-minute bookings

Jet2 warns of rising costs while holidaymakers opt for last-minute bookings
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Jet2 warns of rising costs while holidaymakers opt for last-minute bookings
Author: Anna Wise
Published: Feb, 19 2025 11:31

Summary at a Glance

“However, we also 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 is nonetheless expecting to report a pre-tax profit of between £560 million and £570 million for the year to the end of March, which would be up to a 10th higher than the previous year.

Jet2 has previously said it is facing an additional £25 million a year to cover increased employer national insurance contributions and a higher national minimum wage.

Steve Heapy, Jet2’s chief executive, said: “We continue to believe that our customers cherish their time away from our Rainy Island and want to be properly looked after throughout their holiday experience and we will continue to invest in our business to meet these expectations.

Shares in Jet2 have tumbled by a 10th after the travel company warned it was facing higher hotel and flight costs and the delayed delivery of planes over the summer season.

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