Jet2 (LON:JET2) Trading 8.2% Higher – Here’s What Happened

Jet2 plc (LON:JET2)’s stock price was up 8.2% during mid-day trading on Wednesday . The company traded as high as GBX 1,581 and last traded at GBX 1,467. 57,336,406 shares changed hands during trading, an increase of 1,525% from the average session volume of 3,528,047 shares. The stock had previously closed at GBX 1,356.

Key Headlines Impacting Jet2

Here are the key news stories impacting Jet2 this week:

• Positive Sentiment: Jet2 said summer bookings are up 7% as tensions in the Middle East have eased, suggesting travel demand is improving and supporting near-term revenue expectations. UK’s Jet2 says summer bookings rise 7% as Middle East tensions ease
• Positive Sentiment: The company reported record passenger volumes and revenue, reinforcing that Jet2’s low-cost leisure model is still gaining share and delivering strong operational momentum. Jet2 reports record passenger numbers and revenue as it expands into Gatwick
• Positive Sentiment: Jet2 unveiled a £250 million share buyback programme, which can support the share price and signals management confidence in the company’s cash generation and valuation. Jet2 Launches £250 Million Share Buyback Programme
• Positive Sentiment: Jet2 also announced new routes and holiday destinations for 2027, indicating continued network expansion and future growth opportunities. Jet2 boss ‘encouraged by performance for summer 2026’ as airline adds new flight routes and holidays from 2027
• Neutral Sentiment: Jet2 posted quarterly EPS of GBX 211.20, with strong margins and return on equity, which confirms healthy profitability but is broadly in line with its recent trading update. Jet2 stock page
• Neutral Sentiment: Canaccord Genuity lowered its price target to GBX 1,750 from GBX 1,900, though it kept a buy rating, making this a slightly softer valuation call rather than a bearish reversal. Digital Look broker note

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JET2. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Jet2 from GBX 1,596 to GBX 1,457 and set a “buy” rating for the company in a research report on Friday, March 20th. JPMorgan Chase & Co. decreased their price target on shares of Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Canaccord Genuity Group lowered their price target on Jet2 from GBX 1,900 to GBX 1,750 and set a “buy” rating for the company in a report on Wednesday. Royal Bank Of Canada cut their price objective on Jet2 from GBX 2,000 to GBX 1,800 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 target price on shares of Jet2 in a research note on Wednesday, April 29th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,623.86.

Jet2 Trading Up 8.2%

The company has a current ratio of 1.40, a quick ratio of 1.49 and a debt-to-equity ratio of 61.57. The company has a market cap of £2.65 billion, a price-to-earnings ratio of 6.26, a price-to-earnings-growth ratio of 9.34 and a beta of 1.16. The firm has a 50-day moving average price of GBX 1,212.62 and a 200 day moving average price of GBX 1,232.48.

Jet2 (LON:JET2) last announced its quarterly earnings data on Wednesday, July 8th. The company reported GBX 211.20 earnings per share for the quarter. Jet2 had a net margin of 6.11% and a return on equity of 24.73%. As a group, sell-side analysts forecast that Jet2 plc will post 170.9134615 EPS for the current year.

Jet2 Company Profile

Jet2 plc is a leading leisure travel group, specialising in friendly low fares from its award-winning airline, Jet2.com, and package holidays you can trust from the UK’s largest package holiday provider, Jet2holidays.
Jet2.com is the UK’s third largest airline, flying from 12 UK airports to over 70 destinations across Europe and beyond and Jet2holidays is the UK’s largest tour operator.