Jet2 is ready for bumper profits over the summer

GUY TAYLOR

JET2 IS set to report profits ahead of expectations in its full year results this week, as the leisure travel company eyes a critical summer period.

The group now expects pre-tax profits significantly above previous analysts’ estimates, of up to nearly £400m, well ahead of initial predictions of £377m.

It comes amid a rise in demand for its international offerings and a stronger than expected winter season.

The full-year results come following a booming few months for Jet2, which has thrived as post-pandemic travel mania, despite cost-of-living concerns, has seen airlines and tour operators rake in bumper profits.

It has promised a deeper dive into its outlook for summer in Thursday’s announcement.

Peel Hunt analysts said that “robust forward bookings and pricing” were encouraging, “with customers sacrificing other forms of expenditure to fund holidays.” In February, the firms’ holiday segment, Jet2holidays, overtook major rival TUI to become the UK’s