Business
Interim Results
Interim Results.
About this update from Jet2 Plc
[{"type":"text","content":"\n\nJet2 plc\nInterim Results\nJet2 plc, the Leisure Travel group (\"the Group\" or \"the Company\") announces its unaudited interim results for the half year ended 30 September 2023.\n \n\n\n\n\nGroup financial highlights\n\n\nHalf year ended\n30 September\n2023\nUnaudited\n\n\nHalf year ended\n30 September\n2022\nUnaudited\n\n\nHalf year end\nchange\n\n\n\n\nRevenue\n\n\n£4,407.4m\n\n\n£3,567.6m\n\n\n24%\n\n\n\n\nOperating profit\n\n\n£617.0m\n\n\n£516.6m\n\n\n19%\n\n\n\n\nProfit before FX revaluation and taxation*\n\n\n£664.6m\n\n\n£505.0m\n\n\n32%\n\n\n\n\nProfit before taxation\n\n\n£660.5m\n\n\n£450.7m\n\n\n47%\n\n\n\n\nProfit for the period after taxation\n\n\n£496.0m\n\n\n£356.0m\n\n\n39%\n\n\n\n\nBasic earnings per share\n\n\n231.0p\n\n\n165.9p\n\n\n39%\n\n\n\n\nInterim dividend per share\n\n\n4.0p\n\n\n3.0p\n\n\n33%\n\n\n\n\n* Further information on the calculation of this measure can be found in Note 3.\n\n\n\n\n· \n\n\nGroup operating profit increased by 19% to £617.0m (2022: £516.6m) and Group profit before foreign exchange revaluation and taxation increased by 32% to £664.6m (2022: £505.0m).\n\n\n\n\n· \n\n\nAgainst Summer 2022, seat capacity increased 7% and the business achieved an average load factor of 90.7% (2022: 90.7%) with higher margin per passenger Package Holiday mix of total departing passengers up 4.9ppts to 70.8% (2022: 65.9%).\n\n\n\n\n· \n\n\nFlight-only net ticket yield per passenger sector at £124.09 (2022: £105.00) was 18% higher than the comparable period; the average price of a Jet2holidays package holiday also increased 11% to £855.\n\n\n\n\n· \n\n\nOur operations were directly impacted by the broader disruption caused by the National Air Traffic Services (\"NATS\") failure, Rhodes wildfires and flooding in Skiathos which resulted in approximately £14.0m of lost profitability.\n\n\n\n\n· \n\n\nTotal cash balance (including money market deposits) was £3,214.6m, an increase of 14% (2022: £2,830.7m). Our Own Cash* (excluding customer deposits)...