Jet2 has seen its revenue increase by 5% year-on-year to a record £5.34bn in the six months to 30 September, as its share price jumped by over 4%.

The package holiday firm saw its passenger numbers increase to over 14m in this period, another record for the company, while its profit before tax rose by 1% year-on-year to £800.3m.

Furthermore, its operating profit jumped by 2% to £715.2m and its basic earnings per share increased by 8% to 300.4 pence.

As part of its latest announcement, the holiday company has also launched a new £100m share buyback.

The half-year update comes after Jet2 saw its share price fall by over 14% in September, after it warned that its full-year operating profit was set to be at lower end of its expectations.

Chief executive officer at Jet2, Steve Heapy, said: "We are very pleased to report another record financial performance for the first half of the year, illustrating how our flexible operating model can adapt to changing consumer behaviour.

"Customers may be booking later, but it is clear they still want their well-earned holidays in the sun with a brand they can trust. Our differentiated, service-led, end-to-end product offering continues to set us apart, delivering seamless, great-value experiences that ensure customers come back time and time again."

In its outlook, Jet2 said that its winter 2025/25 on sale capacity is currently 7.7% higher compared to last year, with its closer to booking profile experienced in summer 2025 continuing into the current period.

The firm will also launch a new base at London Gatwick airport next summer, after securing slots for six aircraft following the release of additional capacity by the airport. This takes Jet2’s number of UK bases to 14.

As a result of these factors, Jet2 reiterated its guidance for the full year, with its operating profit for the year expected to total £453m, excluding start-up costs for its London Gatwick base.

Head of markets at interactive investor, Richard Hunter, concluded: "Jet2 has had a turbulent year with a volatile share price ensuing, although these numbers have restored a degree of calm, leaving the way clear for take-off once more.

"While the direction of travel has been positive over the longer term, the September announcement led to a sharp share price fall which has led to a 20% decline over the last three months. This in turn has fed in to the shares having lost 13% over the last year, as compared to a dip of 0.5% for the wider FTSE AIM 100 index, although the shares remain comfortably ahead of their pre-pandemic highs and have risen by 45% over the last three years.

"This update should go some way in restoring faith in the group’s ambitious longer-term targets and despite the clear historical headwinds, it is not unusual for investors to have something of a soft spot for the airline sector. Indeed, the market reaction to this update and the general consensus of these shares as a buy reflects that overriding optimism."

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