Actualización de Trading
24 de abril de 2024
jet2 plc
("el grupo")
Actualización de Trading
jet2 plc, el grupo de Viajes de Ocio, anuncia la siguiente actualización sobre el comercio.
Año terminado el 31 de marzo de 2024 (FY24)
Following the trading update in mid-February, the Board now expects to report a Group profit before foreign exchange revaluation and taxation for the year ended 31 March 2024 of between £515m and £520m (previously £510m to £525m), an increase of approximately 33% on the prior year and in line with current market expectations(1). Our Balance Sheet position remains very strong with total cash at 31 March 2024 of £3.2bn and an 'Own Cash' balance (excluding customer advance deposits) of £1.3bn.
Año que finaliza el 31 de marzo de 2025 (FY25)
On sale seat capacity for Summer 2024 is currently 12.3% higher than Summer 2023 at 17.1m seats. The season is 55% sold, with average load factors 1.0ppt ahead of Summer 2023 at the same point. Forward bookings for package holiday customers are up by 13% and we are also seeing healthy demand from flight-only passengers for which bookings are currently up by over 18%. Consequently, the package holiday mix of total departing passengers is 74% and 1ppt below last year.
Booked to date pricing for Summer 2024 across both our leisure travel products is showing a modest increase compared to the same period last year which is helping to mitigate previously announced increases in input costs, although recently, pricing has been more competitive, particularly for April and May departures.
Since February, we have taken delivery of a further two new CFM powered A321neo aircraft from Airbus in line with our agreed delivery schedule, with both paid for from our own cash reserves. We now have seven in our fleet ahead of Summer 2024 with another four aircraft from our order planned to arrive before the end of FY25. Additionally, in late March, flight operations from our new Liverpool Airport base commenced successfully, with forward bookings encouraging and customer feedback very positive.
Operationally we are well set for a successful Summer 2024 season with the required number of aircraft to support our flying programme and sufficient, fully trained resources to operate our end-to-end product proposition to our normal high standards of customer care. We are also over 90% hedged for fuel for the season and over 80% for the full financial year in line with our well-established hedging policy, providing important cost certainty given unfolding events in the Middle East.
Furthermore, on 26 March, we were pleased to announce expansion of our UK footprint at Bournemouth Airport, where flights will commence from 1 April 2025. This will become Jet2's 12th airport base demonstrating confidence in our El Cliente es lo primero proposición.
In summary, we are pleased with our progress for FY25 to date although as ever, we remain mindful of the current macro-economic and geo-political environments and how these may impact future consumer spending. Consequently, and with over 40% of Summer 2024 and the majority of Winter 2024/2025 seasons still to sell, it is too early to provide guidance as to Group profitability for FY25.
Steve Heapy, Chief Executive Officer, commented, "We are pleased with the strong financial results for FY24 which underlines the resilience, flexibility and popularity of our product offering, plus the outstanding customer service provided by our Colleagues. Although still very early in FY25, we remain confident that as a much trusted holiday provider with an end-to-end customer care approach underpinned by our principles of 'People, Service, Profits', our Customers will continue to travel with us from our Rainy Island to the sun spots of the Mediterranean, the Canary Islands and to European Leisure Cities."
El Grupo anunciará sus resultados preliminares para el año finalizado el 31 de marzo de 2024 el 11 de julio de 2024, momento en el que proporcionará una perspectiva más completa para el importante período comercial de verano de 2024.
Para más información, por favor póngase en contacto con:
jet2 plc Steve Heapy, director ejecutivo | Tel: 0113 239 7692 |
Gary Brown, director financiero del grupo | |
Cavendish Capital Markets Limitado Asesor Nominado Katy Birkin camila hume Jorge Lawson | Tel: 020 7220 0500 |
Canaccord Genuity Limited Conjunto Broker Adam james | Tel: 020 7523 8000 |
Jefferies Internacional Limitada Conjunto Broker ed matthews | Tel: 020 7029 8000 |
Buchanan PR financiera Ricardo Oldworth Toto Berger | Tel: 020 7466 5000 |
(1) Based on company compiled consensus, the Board believes the current average market expectations for Group profit before FX revaluation and taxation for the year ending 31 March 2024 to be £519m.
Cierta información contenida en este anuncio se habría considerado información privilegiada según lo estipulado en la versión del Reino Unido del Reglamento de abuso del mercado de la UE (2014/596), que forma parte de la ley del Reino Unido en virtud de la Ley de (Retirada) de la Unión Europea de 2018, según enmendada y complementado de vez en cuando, hasta el lanzamiento de este anuncio.
Notas a los editores
· | Jet2vacaciones es el mayor proveedor de paquetes turísticos del Reino Unido y Jet2.com es la tercera aerolínea más grande del Reino Unido por número de pasajeros volados. |
· | Jet2 currently operates from 11 bases across the UK - Belfast, Birmingham, Bristol, East Midlands, Edinburgh, Glasgow, Liverpool John Lennon, Leeds Bradford, London Stansted, Manchester and Newcastle. Operations at Bournemouth Airport will commence in April 2025. |
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