Jet2 plc (JET2) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

morning everyone and welcome to our interim results presentation for the period ended 30th of september 2025. uh the format this morning will be i'll go through the first half highlights i will then pass over to gary brow our chief financial officer who will give a financial update and then gary will return the microphone to me and I'll go through a strategy update. There'll then be a period after that for any questions which we'd be pleased to answer. So, first of all, record passenger numbers, revenue and profitability. Further growth in the first half across all our key metrics, we delivered record numbers. Passenger numbers were 6% higher, including the encouraging first summer performance at our Bournemouth and Luton bases. Strong financial performance with group profit before FX revaluations at 1% and earnings per share 8% higher following our £250 million share buyback programme. We are also pleased today to announce a further share buyback programme of £100 million. have a strong balance sheet and access to ample liquidity which are vital in this fast-paced capital invest intensive industry 3.4 billion pounds of cash gives us financial resilience and supports investment in our growing fleet we operated 23 airbus a321 neo aircraft in summer 2025 and that represented 17 of our total fleet We're also delighted to announce the launch of operations at Gatwick Airport, a once in a generation opportunity to accelerate our growth. Next slide. Our growth strategy is to be the UK's leading and best leisure travel business. We've made strong progress against all of our strategic pillars supported by our fantastic colleagues who are dedicated to delivering exceptional customer service. Our brands continue to be recognised by leading independent customer-focused organisat...