Jet2 Reports Slowdown in Holiday Price Increases Ahead of Summer

Leading tour operator and airline Jet2 suggests a potential slowdown in the surge of holiday prices witnessed post-pandemic. Despite a modest rise in costs for summer trips compared to 2022, competition in the sector is intensifying, resulting in more competitive deals, especially for April and May departures. The company experienced a 13% increase in package holiday bookings and an 18% rise in flight-only bookings year-over-year, indicating a healthy demand. Jet2 has purchased a significant portion of its fuel for the upcoming season, mitigating the impact of potential oil price fluctuations. The airline anticipates a pre-tax profit for the year ending March 2024 to be approximately one-third higher than the previous year.

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