- Jet2 recorded a 7.7pc year on year rise in summer bookings which was below earlier expectations.
- Customers have shifted to booking holidays closer to departure dates since late February.
- Average load factor for April to June has remained in line with the prior year.
- The airline has hedged 87pc of its summer jet fuel needs.
- Jet2 has kept its annual operating profit guidance in line with market expectations.
Jet2 is the latest airline to say the Middle East conflict has slowed its summer booking momentum.
The English based airline reported that summer bookings rose by 7.7pc from a year earlier which fell short of the 8pc growth seen in February. Customers have booked holidays closer to departure since the Iran conflict began.
The company maintained that its combined average load factor for April to June stayed in line with the previous year. Jet2 hedged 87pc of its summer jet fuel requirements amid supply pressures from the Strait of Hormuz situation. It confirmed that it expected annual operating profit for the year ended 31 March 2026 to align with market forecasts.
The airline has committed to attractive pricing to support customer demand despite the geopolitical uncertainty that has limited visibility for the peak summer season. Shares in Jet2 experienced initial declines before a partial recovery on the day of the update. The company has continued to monitor developments in the region while managing its fuel and booking positions.
A Jet2 spokesperson shared “the current geopolitical uncertainty is limiting visibility for the peak summer season and beyond”.
