Jet2 says summer holidays seeing further price rises after 11% jump

Alamy
Alamy

Jet2 has posted an increase in annual profits as it revealed prices of its holidays jumped by 11% and said travellers will see further "modest" increases over the summer.

The group reported a 43% rise in pre-tax profits to £529.5 million for the year to March 31 as passenger numbers rose by 9% to hit a record 17.7 million.

It said the price of its package holidays rose by 11% on average to £830 over the year as it sought to recoup soaring cost inflation.

Jet2 said customers will see further "modest" increases in flight-only and package holiday deals over the summer, but insisted deals will remain "attractive" due to a late booking trend.

"Passengers are currently booking much closer to departure and therefore pricing for our flight-only and package holiday products must remain attractive," it said.

It added: "As ever, we remain mindful of the current macro-economic and geo-political environments and how these may influence future consumer spending patterns.

You may also like

Read more from Cost of Living

Bank could cut UK interest rates but decision a 'close call,' experts say
Expectations on financial markets show about a 65% chance of the Bank of England’s policymakers opting to reduce rates on Thursday.
7 days ago
Major retailer 'to shut all stores and disappear from high street in three weeks'
Ted Baker entered administration earlier this year following a failed deal.
12 days ago
Drivers still ‘paying too much’ for fuel, says competition watchdog
The CMA said that the fuel market is still ‘failing consumers’ a year on from its first report that laid bare the problems in the sector.
13 days ago
Popular ice creams jump in price by up to 38% in two years
A six pack of Cornetto strawberry ice cream cones rose from £2.57 to £3.55, Which? found
15 days ago
Bank could cut UK interest rates but decision a 'close call,' experts say
Expectations on financial markets show about a 65% chance of the Bank of England’s policymakers opting to reduce rates on Thursday.
7 days ago
Major retailer 'to shut all stores and disappear from high street in three weeks'
Ted Baker entered administration earlier this year following a failed deal.
12 days ago
Drivers still ‘paying too much’ for fuel, says competition watchdog
The CMA said that the fuel market is still ‘failing consumers’ a year on from its first report that laid bare the problems in the sector.
13 days ago
Popular ice creams jump in price by up to 38% in two years
A six pack of Cornetto strawberry ice cream cones rose from £2.57 to £3.55, Which? found
15 days ago

"However, we continue to believe that the end-to-end package holiday is a resilient and popular product which remains high on the priority list for our customers, even during uncertain economic times."

The group said it has expanded its holiday programme by 12.3% over the summer to 17.16 million, with package holiday bookings up 7% and flight-only sales 16% higher.

Jet2 said it is too early to give an outlook for profits in the current financial year "given the late booking profile and the peak summer months of July, August and September not yet complete, plus the majority of winter 2024-2025 seat capacity still to sell".

More on this story

Latest News

King receiving daily updates as police braced for possible night of disorder
Following the Southport stabbings the King and Queen led tributes to the victims of the ‘truly appalling’ knife attack.
about 7 hours ago
Taylor Swift concerts cancelled in Vienna after two arrested over terror attack fears
Organisers of three Taylor Swift concerts in Austria later this week have called them off after officials announced arrests over an apparent plot to launch an attack on an event in the Vienna area such as the concerts.
about 6 hours ago
TikTok use could lead to higher risk of eating disorders, study suggests
Researchers found exposure to certain videos on the platform also impacted body image satisfaction.
about 7 hours ago
Tory leadership hopeful says people shouting ‘Allahu Akbar’ should be arrested 'Immediately'
The Tory leadership hopeful has been accused of ‘textbook Islamophobia’ by Muslim politicians and groups.
about 12 hours ago
Ex-police officer avoids prison after admitting child sex offences
Darcy Woods-Broady, 21, pleaded guilty to seven counts of sexual activity with a girl aged under 16.
about 9 hours ago
Girl, 9, dies after bus crashes into two children
A nine-year-old girl has died after being hit by a bus in south London.
about 11 hours ago