26 January 2023
If you are covering Jet2’s trading update this morning, please see the following comment from Amisha Chohan, head of small cap strategy at Quilter Cheviot:
“Today’s trading update from Jet2, on the of UK’s leading tour operators is positive as people prioritise holidays post-Covid and through this cost-of-living crisis.
“The backdrop of demand for Winter 2022 was encouraging with strength in pricing, load factors and product mix, helping to drive a 20% earnings upgrade for full year. The update follows positive commentary from easyjet, underlying the narrative that people are not sacrificing time in the sun.
“Jet2's operational flexibility can adapt to meet consumer’s demand. In the financial crisis of 2007/08, demand for shorter holidays and all-inclusive packages went up. We believe Jet2 is well positioned to win market share due to its reliability, flexible product offering and strong balance sheet.”
