Jet2 warns high inflation to undermine profit margins, shares plunge
Britain's Jet2 said on Wednesday that profit margins were likely to come under pressure this year as high inflation is increasing costs and causing consumers to rein in their spending on holidays. Its shares tumbled about 10%.
Jet2 shares plunge as travel firm warns of 'pressure' on profits and rising costs
The travel company, which also warned of the delayed delivery of new planes, said it expects the consumer environment to remain challenging in the near term
Jet2 predicts 10% profit lift, but warns of pressure on margins in coming year
Jet2 says it is on course for an 8-10% increase in profits this year, but has also warned its next financial year – beginning as the summer season commences – could see a squeeze on margins
Jet2 Shares Fall After Profitability Warning
Jet2 shares fell in midday European trading after the London-listed leisure-travel group warned that its profitability next fiscal year could come under pressure. Shares traded down 11.50% at 14.00 pounds after the company said Wednesday that it faced inflationary input cost pressures and would incur additional operational costs to cover gaps in its peak summer flying program.
Jet2 shares plummet as boss warns of pressure on margins
The boss of Jet2 has warned the holiday group's profit margins could come 'under some pressure' this year, amid higher costs and fragile consumer strength.
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Jet2 announces new Leeds Bradford Airport Christmas market flights
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Jet2 expands Christmas market programme from Newcastle to Vienna and Copenhagen
The Winter 25/26 programme will have additional services to Copenhagen and Vienna from Newcastle International Airport ...
Jet2 announces new ‘bucket-list holiday’ package from Manchester Airport
Jet2 is launching a new ‘fly-drive’ package holiday to Iceland, providing Brits with the freedom to explore this bucket-list ...
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Jet2 forecasts profits to rise in 2025 but warns of headwinds as costs increase
Jet2 is forecasting that profits will rise in 2025 but has also issued a warning of headwinds ahead as costs increase.