MARKET REPORT: Surging costs at Jet2 ground airline stocks

MARKET REPORT: Surging costs at Jet2 ground airline stocks
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MARKET REPORT: Surging costs at Jet2 ground airline stocks
Published: Feb, 19 2025 22:01

Summary at a Glance

Elsewhere in the airlines sector, FTSE 100-listed British Airways owner IAG shed 3 per cent, or 10.1p, to 326.7p, Easyjet lost 3.9 per cent, or 20.3p, to 497.3p and FTSE 250-listed Wizz Air fell 4.6 per cent, or 75p, to 1550p.

Barratt Redrow slid 3.1 per cent, or 13.4p, to close the day at 426p, Persimmon fell 1.2 per cent, or 15p, to 1214p and Taylor Wimpey slipped 1.4 per cent, or 1.55p, at 113.45pp.

With UK inflation showing a jump last month, the FTSE 100 closed down 0.62 per cent, or 54.2 points, at 8712.53, and the FTSE 250 ended off 0.83 per cent, or 173.77 points, at 20,707.79.

Jet2 said it still expects its full-year profit to rise by between 8 per cent and 10 per cent to £560million to £570million.

Among the small caps, legal group Keystone Law, which added 3.9 per cent, or 20p, to 535p said its full-year revenue and adjusted pre-tax profit were set to be slightly ahead of current market expectations following continued solid trading in the second half.

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