Jet2 reports preliminary record results for financial year 2024/25

Jet2, the UK-based airline and package holiday group, has hailed what it describes as a year of record passenger numbers, revenue, and profitability. The summary comes as the travel company reported its preliminary annual figures for 2024/25 on July 9, 2025.

For the period, passenger numbers grew by 12% to 19.77 million in the year, underpinned by a rise of 8% in package holidays and 18% in flight-only deals. Seat capacity was bolstered by 13% to 22.29 million to reflect the strong demand, backed by a cluster of the new Airbus A321neo narrowbodies entering the fleet during the year. On the back of the strong demand, the airline saw revenues rise by an impressive 15% to £7.17 billion ($9.75bn), leading to an overall pre-tax profit of £593.2 million ($806.7m), an increase of 12% and ahead of the expected £579 million ($787.4m).

This increase in profitability led to a 22% reduction of total debt and a net cash position of £2.02 billion ($2.74bn), a 17% increase from the corresponding period year-on-year. Operating profit edged up 4% to £446.5m ($607.24m), while profit before currency revaluation and tax increased 11% to £577.7m (785.6m). The company says that the improved financial position is also enabling the purchase of new aircraft and funding the continued investment in the group’s digital business.

Markus Mainka / ShutterstockJet2 said it ended the year with total cash of £3.16bn ($4.3bn) and reduced its debt by 22%. Basic earnings per share rose 15% to 213.1p ($2.89). The board recommended a 13% increase in the total dividend to 16.5p ($22.44) per share, and the company has completed 35% of its previously announced £250 million ($340m) share buyback programme.

Jet2 said it was currently trading in line with market expectations. However, it noted that bookings for summer 2025 continued to come in closer to departure, with demand strong “provided pricing is attractive”. The group expanded its footprint with new bases at Bournemouth (BOH) and London-Luton (LTN) airports during the year, and says it now serves 85% of the UK population within a 90-minute drive of its 13 UK airport bases.

What the CEO says

Steve Heapy, Jet2 plc Chief Executive Officer, commented: “These results reaffirm the enduring appeal, resilience and differentiation of our product offering, founded on end-to-end customer care, all of which help to create cherished holiday memories for our customers. The strength of our proposition, delivered by Colleagues who are dedicated to providing award-winning Customer First service, will enable us to fulfil our long-term strategy: To be the UK’s leading and best leisure travel business.”

Bradley Caslin / ShutterstockJet2 is the third-largest airline in the UK, behind British Airways and easyJet. According to ch-aviation, the airline operates a fleet of 129 aircraft with ten of these wet-leased in for the summer 2025 season. The remainder are made up of eight Airbus A321-200s plus 16 A321neos. It also operates seven aging Boeing. 737-300s plus 98 737-800s. For future expansion, the carrier has a further 134 Airbus A321neos on order from the manufacturer. Currently, the company operates on 592 routes to 90 destinations across 24 countries.

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