Jet2 plc reports profit before tax of EUR646m despite Gatwick start-up investment, wider costs
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Background ✨
Jet2 plc previously guided FY2026 operating profit at GBP435-440 million, including GBP11 million of Gatwick start-up costs, and reported a strong hedged position with 87% of summer fuel needs covered at USD707/tonne.1 It also indicated summer 2026 capacity was 7.7% higher year-on-year and noted bookings had shifted increasingly close to departure since the Middle East conflict began.1