Fact-checked by Grok 2 weeks ago

Jet2 plc

Jet2 plc is a leisure travel company headquartered in Low Lane, Yeadon, , , that operates as the parent entity for the integrated and package holiday provider, specializing in scheduled flights and ATOL-protected holidays to over 75 destinations across the Mediterranean, , and . As the United Kingdom's third largest by passenger volume, it carried 19.77 million passengers in the ending March 2025, marking a 12% increase from the previous year, and serves as the country's leading with 6.58 million package holiday customers in the same period. The company traces its origins to 1971, when it was founded as Air Carpenter, a small cargo operation transporting flowers, before evolving through various iterations—including as Channel Express and part of the Dart Group—into its current focus on leisure travel under the brand launched in 2002. , formerly known as Dart Group plc until its rebranding in 2020, operates from 13 airports—including expansions to in 2024 and London Luton in 2025—with a fleet of 135 aircraft for the summer 2025 season, comprising 737-800s and Airbus A321neos, and plans to grow to 146 A321neos by 2035. Its business model emphasizes , offering low-fare flights, hotel accommodations in over 5,000 properties rated 4-star or higher on , and ancillary services, resulting in over 60% repeat customers for and high satisfaction ratings, including a Trustpilot score of 4.4 out of 5 and awards as a Recommended Provider for short-haul airlines. Financially, Jet2 plc reported record revenue of £7.17 billion for the year ended March 2025, up 15% from the prior year, driven by strong demand for both package holidays and flight-only bookings, with an operating of £446.5 million and net cash position of £2.02 billion. In the half-year ended 30 September 2025, group grew 5% to £5.34 billion and operating 2% to £715.2 million. Listed on the London Stock Exchange under the ticker JET2, the company employs over 11,400 customer-facing staff and covers 7 million passengers under its ATOL licence, positioning it as a dominant player in the UK's leisure travel sector amid post-pandemic recovery and strategic growth initiatives like a £250 million share buyback programme.

History

Founding and early freight operations

Jet2 plc traces its origins to 1971, when Art Carpenter established Carpenter's Air Services at Sherburn-in-Elmet in , . The company initially operated scheduled passenger and freight services using a Aztec aircraft, with a primary focus on transporting perishable goods such as flowers from the , particularly , to the mainland. This early venture laid the groundwork for the firm's expertise in time-sensitive air logistics, operating from small airfields to serve regional needs in Yorkshire and beyond. Throughout the and , the business evolved through several name changes that reflected its growing emphasis on freight operations. In 1975, it rebranded as Express Air Freight to better align with its expanding cargo activities, before becoming Channel Express in 1983 following its acquisition by Philip Meeson, who shifted the focus toward dedicated air freight services. The company was formally incorporated and listed on the as Dart Group in 1991, marking a period of structural consolidation while maintaining its core logistics identity. During this time, Channel Express acquired turboprop aircraft in 1978, which became central to its operations for carrying mail and general cargo on routes connecting bases to destinations across and the ; these short-haul flights capitalized on the aircraft's suitability for regional, high-frequency services. A pivotal development in the company's early freight era was securing a with in 1983 to handle first-class mail distribution, initially linking airports like , , and . This agreement significantly boosted revenue and operational scale, enabling Express to invest in fleet expansion and infrastructure. By the late 1980s and into the 1990s, the firm grew its freight network, adding larger aircraft such as the Lockheed Electra in 1989 and establishing dedicated maintenance facilities at to support its increasing volume of cargo handling and aircraft servicing needs. These enhancements solidified Express's reputation as a reliable provider of air freight solutions in the UK, with a strong emphasis on overnight and express deliveries.

Aircraft acquisitions and company evolution

In the early 2000s, Dart Group plc began significantly expanding its cargo fleet to meet growing demand in the freight sector. In March 2001, the company acquired its first Boeing 737-300QC (Quick Change) aircraft, previously operated by Lufthansa, which was converted for dual freight and potential passenger use to enhance operational flexibility. This acquisition marked a pivotal step in modernizing the fleet beyond older models like the Fokker F27. Shortly thereafter, in May 2001, Dart Group purchased two additional Boeing 737-300QC aircraft from Lufthansa, further bolstering its capacity for time-sensitive cargo operations across Europe. To support the increasing cargo volumes, Dart Group pursued further purchases and leasing arrangements throughout the decade. By 2003, the company ordered eight more 737s to expand its all- and quick-change capabilities, enabling more efficient handling of perishable goods and parcel services. In 2004, six additional 737-300s were acquired, primarily for but with provisions for mixed operations, while selective leasing deals allowed temporary fleet augmentation without full ownership commitments. These moves positioned the company to serve major clients, including a long-term contract with for dedicated freight flights using the 737-300QC variants. Operational scaling necessitated infrastructure upgrades, particularly as cargo volumes grew. In 2003, Dart Group relocated its primary base to Leeds Bradford International Airport, gaining access to larger hangars and maintenance facilities to accommodate the expanding fleet and support round-the-clock conversions between and passenger configurations. This move enhanced efficiency for wet-lease operations, where Dart Group provided aircraft, crew, maintenance, and insurance to other carriers for specialized routes, diversifying streams beyond owned-fleet services. Under the stewardship of Philip Meeson, who had guided the company since acquiring control in 1983, Dart Group underwent internal restructuring to streamline its aviation activities. This included formalizing subsidiaries like Channel Express (Air Services) Ltd., which focused on operations and wet-leasing, allowing for clearer separation of freight from emerging ventures and facilitating targeted in the early .

Acquisition by Philip Meeson and stock market flotation

In 1983, Philip Meeson, a former pilot and champion, acquired Channel Express Group Limited in a from its previous owners, establishing controlling ownership and renaming it to reflect its expanded operations in freight and distribution services. As the company's executive chairman and chief executive, Meeson steered its diversification strategy, transitioning from primarily freight-focused activities to include low-cost passenger aviation with the launch of in February 2003, while maintaining growth in logistics through mergers like the integration of Fowler Welch and Coolchain. By March 2003, Meeson held a 41.3% stake in Dart Group plc (the rebranded entity), underscoring his pivotal role in shaping its entrepreneurial direction. Dart Group plc, already listed on the London Stock Exchange's main market since 1991, transferred its shares to the (AIM) on 15 August 2005, a move framed as a flotation to the more flexible AIM platform. This shift aimed to reduce regulatory burdens, lower compliance costs, and align with the company's growth-oriented, entrepreneurial style, while providing potential tax advantages for shareholders; Collins Stewart Limited was appointed as nominated adviser and broker to facilitate ongoing . The transfer did not involve issuing new shares but supported strategic capital access for expansion, with the company's reflecting sustained investor confidence in its diversification under Meeson's leadership—reaching approximately £100 million shortly after the move, up from prior levels amid sector volatility. Following the AIM transfer, Dart Group invested heavily in its aviation infrastructure and personnel to capitalize on passenger demand. Capital expenditure totaled £51.6 million in the year to March 2005, primarily directed toward acquiring and upgrading 737-300 aircraft for operations, including the addition of two larger 757-200 jets capable of carrying 235 passengers each, set to enter service in autumn 2005. These investments expanded the fleet to 24 737s and supported hiring additional , cabin staff, and engineers, enhancing operational capacity without compromising the low-cost model. The AIM listing formalized protocols, enabling Meeson to communicate growth plans more dynamically and attract institutional interest focused on the leisure travel pivot.

Launch of Jet2.com and passenger services

In February 2003, Jet2 plc announced the launch of its low-cost passenger airline brand, , marking a strategic pivot from its primary freight operations to include scheduled leisure flights. The inaugural flight departed from on 12 February 2003, bound for , operating as a twice-weekly service using a 737-300. This launch was supported by the company's recent flotation, which provided capital for the expansion into passenger services. To facilitate the new passenger operations, Jet2 plc converted its existing 737-300 (QC) aircraft, originally configured for freight, to accommodate passenger layouts during the day while retaining flexibility for overnight cargo runs. These conversions enabled the airline to utilize its fleet efficiently from the outset, with the initial two 737-300QCs acquired in 2001 serving as the foundation for the passenger service. By April 2003, had expanded its schedule to include leisure routes from Leeds Bradford to destinations such as , alongside Alicante, , Malaga, , and , targeting popular European sun and city-break spots. Early route development emphasized short-haul to Mediterranean and Western European hotspots, with services growing to seven destinations by the end of 2003, all operated from regional airports to capture demand from underserved markets. The airline's marketing focused on competitive low fares—starting as low as £20 one-way—and accessibility from regional bases like Leeds Bradford, positioning as a convenient alternative to major hubs for holidaymakers. In 2007, building on the success of its flight operations, Jet2 plc launched as an integrated , offering ATOL-protected package holidays that combined flights with accommodations and transfers. This arm began with capacity for 23,000 passengers across 15 destinations, providing full financial protection under the UK's Organisers' Licensing scheme to reassure customers amid growing demand for bundled leisure travel.

Sale of logistics division and rebranding

In January 2020, Dart Group plc agreed to sell its logistics subsidiary, Fowler Welch Limited, to Limited for £98 million, with the transaction completing on 1 2020. Fowler Welch, a temperature-controlled services provider serving food retailers, processors, growers, and importers, had unaudited net assets of £60.5 million as of 31 2020. This divestiture marked the end of the company's involvement in freight and operations, allowing it to eliminate a non-core segment that had historically dominated its business. The strategic rationale for the sale was to refocus resources on the leisure travel sector, particularly the growth of Jet2.com and Jet2holidays, amid uncertainties from Brexit and the emerging COVID-19 pandemic. By divesting Fowler Welch, Dart Group aimed to streamline its operations into an integrated airline and package holiday model, enhancing agility in the passenger-focused market. The proceeds provided immediate financial benefits, including a net cash inflow that strengthened the balance sheet, reduced debt exposure, and generated cost savings by eliminating logistics-related overheads. Following the disposal, Dart Group announced its rebranding to Jet2 plc on 3 September 2020, with the name change registered at and effective from 16 September 2020. The aligned the more closely with its core leisure brands, and , signaling a complete away from its freight heritage toward sustainable growth in travel services during . This shift supported operational efficiencies and positioned the company for post-crisis expansion in the integrated travel sector.

Expansions and developments since 2021

Following the severe disruptions caused by the , Jet2 plc implemented recovery strategies that included leveraging government support programs and adjusting fleet plans to rebuild operations. The company utilized the Government's Coronavirus Job Retention Scheme (CJRS), which covered 80% of wages for furloughed employees, enabling Jet2 to retain approximately 80% of its staff during the grounding of flights in 2020. Additionally, Jet2 drew on the Bank of England's COVID Corporate Financing Facility to secure , supporting its amid the crisis. To manage fleet commitments, the cancelled 12 short-term aircraft leases in 2020 and deferred deliveries of new aircraft, allowing for a phased reintroduction of capacity as demand recovered. In March 2024, Jet2 expanded its network by establishing a new base at , its 11th operational hub, with the first flights departing on 28 March to 20 sunshine destinations using four based aircraft. This move added significant capacity in the North West region, operating 54 weekly flights and contributing to the company's post-pandemic growth trajectory. Building on this momentum, Jet2 launched two additional bases in early 2025: in February, marking its 12th hub with up to 27 weekly flights to 16 destinations and over 280,000 seats on sale for summer 2025, and London Luton Airport in April, its 13th base featuring up to 36 weekly flights to 17 destinations with 430,000 seats available. These expansions collectively added over 710,000 seats for the summer 2025 season, enhancing accessibility to leisure routes across Europe, the , and . Overall capacity for summer 2025 reached 18.5 million seats, reflecting an 8% increase compared to the previous year and underscoring Jet2's aggressive post-recovery scaling. Complementing these operational developments, the company amplified its visibility through marketing efforts, including a 2025 campaign leveraging the "Nothing Beats a Jet2 " jingle set to Jess Glynne's "Hold My Hand," which went viral on , inspiring thousands of user-generated videos and boosting brand engagement during the peak travel planning period.

Corporate Affairs

Ownership and governance

Jet2 plc has been publicly listed on the Alternative Investment Market (AIM) of the London Stock Exchange under the ticker JET2 since November 2006. As of November 19, 2025, the company's market capitalization stands at approximately £2.70 billion, reflecting an 18.39% decline over the past year amid broader market fluctuations in the leisure travel sector. The company's share structure consists of ordinary shares, with a total of 207,261,812 shares in issue as of July 31, 2025, each carrying one voting right. As of October 31, 2025, the total number of ordinary shares in issue was 199,123,296. On November 18, 2025, the company announced a new £100 million share buyback programme, to commence on December 1, 2025, and complete by June 30, 2026. Major shareholders include Philip Meeson, who acquired the company in 1983 and holds 15.00% of the total issued shares as of September 30, 2025. Other notable holdings are Silver Point Capital at 6.24%, with institutional investors such as Artemis Investment Management LLP (3.577%), JPMorgan Asset Management (UK) Ltd. (3.304%), and Artisan Partners LP (2.884%) comprising a substantial portion of the 49.13% institutional ownership. Insiders collectively hold 20.92% of shares, underscoring Meeson's influential role. The comprises executive and non-executive members, ensuring balanced oversight. Executive directors include Steve Heapy as and Gary Brown as Group . Non-executive directors feature Robin Terrell as Independent Chairman, along with Simon Breakwell, Rachel Kentleton ( since September 4, 2025), and others. The board operates through specialized committees, including the Audit and Risk Committee (chaired by Rachel Kentleton), the Remuneration Committee, and the Nomination Committee, which oversee financial reporting, , and board appointments, respectively. Jet2 plc adheres to the 2018, as detailed in its annual reports, with the board maintaining high standards of governance through regular evaluations and transparency in decision-making. The company emphasizes sustainability reporting, including compliance with new UK regulations on food waste collection at its offices and broader (ESG) disclosures aligned with Task Force on Climate-related Financial Disclosures (TCFD) recommendations. The 2025 (AGM), held on September 4, 2025, in , saw all resolutions passed with strong support, including approval of the , declaration of a final of 12.1 pence per share (a 13% increase from 2024), and re-elections of key directors such as Robin Terrell. The meeting also reaffirmed the company's unchanged long-term strategy focused on leisure growth, with updates on passenger expansion and margin improvements provided at the interim results on November 18, 2025. A minor correction to voting results was issued on September 6, 2025, adjusting withheld votes but not affecting outcomes.

Management team

The management team of Jet2 plc is led by a core group of executive directors focused on integrating the company's and package holiday operations to drive leisure travel growth. Steve Heapy serves as , a position he has held since 2013 after joining the company in 2009 as Managing Director of and later becoming Chief Commercial Officer of . With prior senior roles at MyTravel and Libra Holidays, Heapy oversees the seamless integration of 's services and ' package offerings, emphasizing customer-focused expansion and operational efficiency. Philip Meeson, who acquired the company in 1983, provides ongoing strategic oversight as Founder and Adviser to the board following his transition from Executive Chairman in 2023. His involvement continues to influence long-term direction in the sector. Gary Brown has been Group Chief Financial Officer and Executive Director since 2013, bringing extensive finance expertise from senior positions at J Sainsbury plc and plc, where he focused on retail and consumer goods sectors; as a of of Chartered Accountants in , he manages financial strategy and . Phil Ward acts as for and , a role he has held since 2005, directing day-to-day operations including flight scheduling, ground handling, and across the network. The leadership structure integrates oversight of and under Heapy, with no separate dedicated heads for each division, allowing unified decision-making on route development and holiday packages. Succession planning is managed by the Nomination Committee, established in April 2024, which reviews board composition, senior management structure, and internal talent development through programs like CheckIn2Management and graduate initiatives to ensure continuity. initiatives in leadership include recent appointments of two female non-executive directors to the board, reflecting the workforce's near 50/50 gender balance, alongside the forthcoming Jet2 Women in Leadership Programme and focus groups like Women in Tech to promote inclusive advancement. Executive compensation comprises base salary, pension contributions up to 14% of base, benefits, and performance-based incentives under the Senior Executive Incentive Plan (SEIP), capped at 150% of base salary and weighted 60% on profit, 20% on customer metrics, and 20% on personal objectives; the Share Reward Plan provides additional long-term awards vesting over three years tied to overall company performance, people-service-profits principles, and sustainability goals.

Financial Performance

Historical revenue and profitability

Jet2 plc, originally operating as Dart Group plc, began as a freight-focused in the late , with revenues growing steadily through the to exceed £30 million annually by the early part of the decade, driven by its and services. By the early , this growth accelerated, reaching over £194 million in turnover for the ended March 2002, predominantly from freight operations that included and ground . The launch of passenger airline services under in 2002 marked the beginning of a strategic pivot toward leisure travel, which gained momentum with the introduction of package holidays via in 2007. This shift significantly boosted revenues, with group turnover rising 23% to £429 million in the year ended March 2008, as ancillary income from holidays and increased passenger volumes began to dominate. By the late , the passenger segment had transformed the business, contributing to pre-COVID peaks where fiscal 2019 revenue hit £3.14 billion, over 90% of which stemmed from leisure travel activities including flights and holidays. Profitability during this period reflected the evolving , with operating margins in the typically ranging from 5% to 7%, though subject to pressures from fluctuating fuel prices and expansion costs. For instance, the operating stood at 5.5% in one recent pre-2019 year amid investments in fleet and routes. Key to these trends was the declining role of freight, which accounted for nearly all revenue in the early but fell to under 6% (£178.7 million out of £3.14 billion) by as operations scaled.

Recent financial results (2020-2025)

The severely impacted Jet2 plc's financial performance in the fiscal year ended March 31, 2021 (FY2021), as travel restrictions grounded most flights from March 2020 onward. Revenue plummeted 89% to £395.4 million from £3,584.7 million in FY2020, while the company reported a loss before tax of £341.3 million, compared to a pre-exceptional of £261.6 million in the prior year. Passenger numbers fell 91% to 1.32 million sectors from 14.62 million. The group received £97.9 million in support from the UK Government's Coronavirus Job Retention Scheme ( program), which helped mitigate costs by topping up colleague salaries. Recovery began in FY2022 but remained challenging, with revenue rising to £1,231.7 million amid partial resumption of operations, yet the company still incurred an operating loss of £323.9 million and a loss before tax of £388.8 million due to ongoing restrictions and high fixed costs. Passenger numbers increased to 4.85 million. The sale of the group's distribution and logistics business, Fowler Welch, to for £98 million in June 2020 provided a influx that aided and contributed to net during this period. By FY2023, full recovery materialized, with revenue surging 309% to £5,033.5 million, operating profit reaching £394.0 million, and profit before tax at £371.0 million; passengers grew to 16.22 million. Subsequent years showed sustained growth. In FY2024, revenue increased 24% to £6,255.3 million, operating profit rose 9% to £428.2 million, and profit before tax jumped 43% to £529.5 million, supported by 17.72 million passengers. For FY2025, revenue grew 15% to £7,173.5 million, operating profit edged up 4% to £446.5 million, and profit before tax advanced 12% to £593.2 million, with passengers up 12% to 19.77 million; the board recommended a final of 12.1 pence per share, bringing the total to 16.5 pence. The balance sheet strengthened, with total cash reserves at £3,155.8 million and net cash position improving 17% to £2,017.9 million, reflecting reduced total of £1,137.9 million post the earlier logistics divestiture. For the half year ended 30 September 2025, revenue increased 5% to £5,342.2 million, operating profit rose 2% to £715.2 million, and profit before tax advanced 1% to £800.3 million, driven by 14.09 million passengers, up 6% from the prior year.
Fiscal YearRevenue (£m)Operating Profit/Loss (£m)Profit Before Tax (£m)Passengers (m)
20203,584.7N/A261.6 (pre-exceptional)14.62
2021395.4N/A-341.31.32
20221,231.7-323.9-388.84.85
20235,033.5394.0371.016.22
20246,255.3428.2529.517.72
20257,173.5446.5593.219.77

Operations

Airline services (Jet2.com)

Jet2.com operates as a from 13 bases, including its primary hub at , serving approximately 85% of the UK population within a 90-minute drive. The airline also maintains three overseas bases at , , and South airports to support its network, alongside seasonal charter flights that complement its scheduled services during peak travel periods. In the year ended March 31, 2025, Jet2.com carried 19.77 million passengers across its routes, reflecting a 12% increase from the previous year. The business model emphasizes affordable no-frills fares while including key amenities to enhance customer value, such as a generous 22kg hold and free allocated seating upon booking. Passengers can opt for preferred seat selection for an additional fee, contributing to ancillary income streams. This approach differentiates from stricter low-cost competitors by prioritizing comfort without inflating base prices, with non-ticket revenue—derived from add-ons like in-flight meals, extra baggage, and integrated hotel bookings through —reaching £25.56 per passenger sector in 2025, up 6% from 2024 and accounting for approximately 25% of total airline revenue. Customer service is managed through UK-based call centers, enabling responsive support for bookings, changes, and queries, which has contributed to strong metrics. In 2025, Jet2.com achieved a score of 83.1 out of 100 in the UK Customer Satisfaction Index (UKCSI), ranking it as the top leisure and retaining its position as the leading transport provider overall. The reported an overall rating of 92% in surveys, underscoring its focus on reliable and minimal disruptions. Sustainability initiatives include the adoption of fuel-efficient operations to reduce emissions intensity, which fell to 65.7 gCO2e per revenue passenger kilometer in 2025 from 66.4 the prior year. introduced a comprehensive carbon offset program in 2021, offsetting every of emissions not covered by schemes like CORSIA and the / ETS until 2023, with ongoing commitments to net zero by 2050 through investments in sustainable and electric ground equipment. Over 1,000 s of sustainable were purchased in 2025 to further these efforts.

Package holiday offerings (Jet2holidays)

Jet2holidays, the package holiday division of Jet2 plc, was launched in to complement the group's operations by offering integrated experiences. As the UK's largest by ATOL licences, it provides comprehensive, ATOL-protected holiday packages that bundle flights, , and additional services, having built a reputation for reliability and customer focus since its inception. Jet2holidays is the UK's largest by ATOL licences, with its licence covering over 7 million customers annually, representing more than 21% of all licences issued in the UK. The core offerings of Jet2holidays centre on all-inclusive packages primarily to popular Mediterranean destinations and the , featuring partnerships with over 4,000 hotels and apartments to suit various budgets and preferences, from resorts to options. These packages emphasize value and convenience, including three daily meals, drinks, and snacks in all-inclusive deals, alongside options for self-catering or half-board stays. Booking is streamlined through the Jet2holidays app or website, where customers can secure holidays with a low £60 per person deposit and spread payments monthly, all protected by both ATOL and ABTA schemes for financial security. Promotional incentives, such as free child places available across all seasons and destinations, further enhance accessibility for families, covering flights, accommodation, and transfers for eligible children. Unique features set Jet2holidays apart, including a standard 22kg per person on flights, complimentary representatives for on-site support, and included services to and from hotels, ensuring a hassle-free experience from booking to return.

Destinations and route network

Jet2.com operates from 13 airports, including major hubs like and , as well as newer 2025 bases at and London Luton, providing broad access across , , , and . This network connects to over 75 destinations in 25 countries, encompassing more than 590 routes focused on short-haul travel across and the Mediterranean. The primary destinations emphasize sun-soaked leisure spots, with Spain dominating the network—over 100 routes account for approximately 60% of operations, including high-frequency services to , , and the like South and . follows with extensive summer connections to (Heraklion), , and ; via , , and ; and through and . Emerging growth includes , with new 2025 routes to alongside established services to and , reflecting increasing demand for Adriatic resorts. Seasonal patterns shape the network, with summer schedules (April to October) prioritizing beach resorts in the Mediterranean, , and through increased frequencies and extended services. Winter operations (November to March) pivot to the for year-round warmth and ski destinations like , Chambery, and , often with weekly services tailored to holiday peaks. In addition to scheduled flights, provides ad-hoc charter operations for sports teams and events, enhancing flexibility beyond its core leisure focus. Since 2023, the network has grown by about 15%, driven by new routes, base expansions, and capacity boosts that prioritize short-haul leisure connectivity while integrating with packages.

Fleet composition

Jet2 plc operates a fleet of 135 as of summer 2025, comprising primarily narrowbody jets supplemented by a rapidly expanding complement of fuel-efficient . This composition supports the company's leisure-focused operations, emphasizing high-capacity, single-class configurations optimized for short- to medium-haul routes. The fleet's average age stands at 13.6 years, reflecting a mix of mature assets and newer additions.
Aircraft TypeIn ServiceConfiguration (Seats)Notes
Boeing 737-800105189 (all economy)Core narrowbody; winglets on most for efficiency.
Boeing 737-3007148 (all economy)Older type; scheduled for phase-out.
23232 (all economy)Newest addition; high-density layout for capacity growth.
The aircraft feature the standard Jet2 livery in silver with red accents, alongside select special editions highlighting destinations such as and Krakow. All planes operate in a single setup, with personal available via personal devices on board; overhead screens provide and route information. Maintenance is conducted in-house at dedicated facilities, including a primary hangar at and a secondary site at operational since August 2025. Looking ahead, Jet2 plc plans to retire its remaining Boeing 737-300s in the coming years while accelerating deliveries from a pipeline of 132 additional Airbus A321neo aircraft through 2035, comprising 146 owned and 9 leased units in total commitment. This expansion aligns with near-10% annual capacity growth targets into the 2030s, enhancing operational scale without specifying an interim fleet size goal.

References

  1. [1]
    Jet2 plc
    Jet2 plc is the home of Jet2holidays, a package holiday provider, and Jet2.com, an airline specializing in scheduled holiday flights.Our Story · Jet2 at a glance · Investor Centre · Our Brands
  2. [2]
    About Us | Jet2.com
    Jet2.com is the UK's third largest airline, flying from 13 UK airports to over 70 destinations, offering friendly low fares and award-winning service.
  3. [3]
    [PDF] Preliminary Results 2025 - Jet2 plc
    Jul 8, 2025 · IFRS 8 – Operating segments requires operating segments to be determined based on the Group's internal reporting to the Chief Operating ...
  4. [4]
    Our Story - Jet2 plc
    Discover the story behind the nation's favourite holiday business. Here at Jet2 plc, we're very proud of our incredibly diverse history.
  5. [5]
    The History Of Jet2 - Simple Flying
    May 23, 2024 · One of the United Kingdom's largest airlines, Jet2.com, was founded in 1983. ... Express firm, giving birth to a new brand, Channel Express.
  6. [6]
    21 Years On—What Made Jet2 So Successful? - Airways Magazine
    Feb 24, 2024 · It all began in 1971 when a gentleman named Art Carpenter established Carpenter's Air Services and Carpenter's Transport Ltd. The objective ...Missing: founder | Show results with:founder
  7. [7]
    JET2 PLC overview - Find and update company information - GOV.UK
    JET2 PLC - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, ...
  8. [8]
    Class 2 Transaction - Investegate | Company Announcement
    Aug 22, 2025 · Dart Group PLC 30 March 2001 CLASS 2 TRANSACTION Dart Group PLC ... purchase of one Boeing 737-300QC aircraft. The aircraft was formerly ...
  9. [9]
    [PDF] dart group plc
    Prior to his acquisition of the Group, Philip trained as a pilot in the Royal Air Force, was five times British Aerobatic Champion from. 1978 and, with a ...
  10. [10]
    Dart Group PLC | Encyclopedia.com
    Another eight Boeing 737s were ordered during 2003. Dart Group continued to fly high in 2004. Its Channel Express (Air Services) subsidiary was designated the ...
  11. [11]
    Dart Group PLC - Company Profile, Information, Business ...
    The company had a fleet of a half dozen Boeing 737s, all owned rather than leased (a couple of its A300 "Eurofreighters" were leased). Some were the QC, or ...<|separator|>
  12. [12]
    [PDF] DART GROUP PLC
    Nov 8, 2005 · During the year the Company acquired five Boeing 757-200 aircraft. The. Boeing 757-200 is a versatile aircraft able to carry up to 235 ...Missing: Mediterranean Airways
  13. [13]
    Dart Group's expansion pledge at airport to create new jobs
    Nov 18, 2010 · In 1991 it joined the official list of the London Stock Exchange as Dart Group Plc and in 2003 moved to Leeds Bradford airport and launched Jet2 ...
  14. [14]
    [PDF] DART GROUP PLC
    Nov 8, 2005 · Prior to his acquisition of the Group, Philip trained as a pilot in the Royal Air Force, was five times British Aerobatic champion from 1978 ...
  15. [15]
    [PDF] DART GROUP PLC
    Two new destinations, Ibiza and Tenerife, have also been introduced with services to Ibiza commencing in May 2005 and to Tenerife due to start in October 2005.Missing: hangars | Show results with:hangars
  16. [16]
    dart group - AIM Company Profile - Aim Listing
    Dart Group PLC - Trading Update · Are these five AIM shares a bargain after ... List date: 15th August 2005 00:00. Region: Yorkshire & North East. Advisors.
  17. [17]
    Jet2.com celebrates 20 years of award-winning flights
    Feb 12, 2023 · Today's celebration marks 20 years since the first ever Jet2.com flight took off from Leeds Bradford Airport to Amsterdam in 2003.
  18. [18]
    Joining the Jet2 set - The York Press
    Feb 15, 2003 · 15th February 2003 ... Jet2 got off to a flying start this week with its inaugural flight from Leeds Bradford International Airport to Amsterdam.Missing: launch | Show results with:launch
  19. [19]
    Jet2.com celebrates 15 years since launching at Leeds Bradford ...
    Feb 13, 2018 · Back in 2003, the first ever Jet2.com flight took off from Leeds Bradford Airport to Amsterdam. With two aircraft serving nine destinations ...
  20. [20]
    Jet2holidays becomes the UK's largest tour operator
    Feb 13, 2023 · Today's announcement is a major milestone for Jet2holidays, which launched in 2007 with a licence to carry just 23,000 passengers to 15 ...
  21. [21]
    A look back at 15 years of Jet2.com - Travel Weekly
    Feb 12, 2018 · To go even further back, Leeds-based Jet2.com sprouted out of Channel Express, which operated cargo services out of Bournemouth. It's come a ...
  22. [22]
    £98m sale of logistics business completed | TheBusinessDesk.com
    Jun 1, 2020 · Leeds-based Jet2 ownerDart Group has completed the £98m sale of its distribution and logistics business, Fowler Welch to Culina Group ...
  23. [23]
    JET2 | REG - Dart Group PLC - Disposal - Stockopedia
    Rating 68/99 · Review by StockopediaJun 1, 2020 · At 31 March 2020, Fowler Welch had unaudited net assets of £60.5 million. The Board believes that the Transaction will enable the Group to ...
  24. [24]
    Jet2 owner sells logistics division - TravelMole
    Jun 1, 2020 · Jet2 owner Dart Group has completed the £98m sale of its distribution and logistics business, Fowler Welch. A Dart spokesperson said: "The ...
  25. [25]
    Dart Group completes £98m sale of logistics business - Insider Media
    Jun 1, 2020 · The Dart Group board said the deal would enable it to focus on its long-term strategy of growing its Leisure Travel business and allow Fowler ...Missing: rationale | Show results with:rationale
  26. [26]
    Dart Group sells Fowler Welch division for £98 million
    Jun 2, 2020 · “The board believes that the transaction will enable the group to focus on its long-term strategy of growing its leisure travel business and, ...<|control11|><|separator|>
  27. [27]
    Culina Buys Fowler Welch for £98M - Cold Chain Federation
    The sale allows Dart to 'focus on its long-term strategy of growing its leisure travel business and, importantly, enables Fowler Welch to ...
  28. [28]
    Dart Group PLC's Annual General Meeting Statement and ... - Jet2 plc
    Sep 3, 2020 · Following the sale of our Distribution and Logistics business, Fowler Welch, earlier in the year, the Company has applied to Companies House to ...
  29. [29]
    -Travel firm Dart Group says to add further summer capacity | Reuters
    Sep 3, 2020 · The company also said it would rename itself as Jet2 plc to focus on growing its leisure travel business after the recent sale of Fowler Welch, ...<|control11|><|separator|>
  30. [30]
    Dart Group PLC Change of Name and Website Address to Jet2 plc ...
    Sep 16, 2020 · The change of name has been registered at Companies House and is effective from today. It is expected that trading in the Company's Ordinary ...
  31. [31]
    Jet2 plc (AIM:JET2) Market Cap & Net Worth - Stock Analysis
    Jet2 plc has a market cap or net worth of 2.56 billion as of November 7, 2025. Its market cap has decreased by -16.87% in one year. Market Cap. 2.56B.
  32. [32]
    Shareholdings - Jet2 plc
    Information as of 30 September 2025. Significant Shares (3% or more). Shareholder, % of total issued. Philip Meeson, 15.00%. Silver Point Capital, 6.24%. Jet2 ...
  33. [33]
    Jet2 plc: Shareholders Board Members Managers and Company ...
    Jet2 plc is a United Kingdom-based leisure travel company. The Company is specialized in offering package holidays by its ATOL licensed provider, ...<|control11|><|separator|>
  34. [34]
    Jet2 plc (JET2.L) stock major holders - Yahoo Finance UK
    Major holders ; 20.92%, % of shares held by all insiders ; 49.13%, % of shares held by institutions ; 62.13%, % of float held by institutions ; 168, Number of ...
  35. [35]
    Board of Directors - Jet2 plc
    Executive Directors ; Steve Heapy. Chief Executive Officer · External appointments: Director of ABTA Limited. Committees: None ; Gary Brown. Group Chief Financial ...
  36. [36]
    Board and its Committees - Jet2 plc
    The Board as a whole is responsible for the long-term success of the Group. The Board establishes the Group's purpose, values and strategy and provides ...
  37. [37]
    Jet2 plc: Governance, Directors and Executives & Committees
    Composition of the Board of Directors: Jet2 plc ; Rachel Kentleton. 56 year. Nominating Committee, 17/03/2024. Audit Committee Chair, 30/03/2024. Compensation ...
  38. [38]
    [PDF] ANNUAL REPORT & ACCOUNTS 2024 - Jet2.com
    Aug 9, 2024 · Our updated Sustainability Strategy encompasses a series of bold, clear and pragmatic actions to achieve net zero by 2050.
  39. [39]
    [PDF] Sustainability - Jet2 plc
    We are confident that with strong government support and targeted industry incentives, the aviation sector can accelerate its path to net zero, while ...Missing: post- deferred
  40. [40]
    Replacement: Result of AGM - JET2 News article
    Sep 5, 2025 · Replacement: Result of AGM ; 1. Approve Annual Report. 142,666,208 ; 2. Declare final dividend. 145,249,465 ; 3. Re-elect Robin Terrell.Missing: strategy | Show results with:strategy
  41. [41]
    Jet2 PLC Annual General Meeting Statement - ADVFN UK
    Sep 4, 2025 · We will provide a further update at our interim results on 19 November 2025. For the longer term our strategy remains unchanged - To be the ...
  42. [42]
    Jet2 plc Corrects AGM Voting Results - The Globe and Mail
    Sep 6, 2025 · Jet2 plc announced a correction to the voting results of its 2025 Annual General Meeting (AGM), specifically regarding the 'Votes withheld' ...Missing: outcomes | Show results with:outcomes
  43. [43]
    [PDF] Annual Report & Accounts 2025 - Jet2 plc
    Mar 24, 2005 · As a result of this strong performance, the Board has resolved to pay a final dividend of 12.1p per share (2024: 10.7p) bringing the total ...<|control11|><|separator|>
  44. [44]
    Directorate Change | Company Announcement - Investegate
    Sep 5, 2023 · Robin will succeed Philip with effect from today with Philip standing down from the Board and moving to the position of Founder & Adviser, ...<|control11|><|separator|>
  45. [45]
    Philip Meeson: Positions, Relations and Network - MarketScreener
    Mr. Meeson is currently the Executive Chairman of Fowler Welch Ltd., Jet2holidays Ltd., and holds the title of Director at Jet2 Transport Services Ltd.
  46. [46]
    Jet2 marks milestone with airport pledge | Bdaily
    Sep 4, 2025 · Speaking to Bdaily, Phil Ward, chief operations officer at Jet2.com and Jet2holidays, who hails from Newcastle, said: “To be celebrating 20 ...
  47. [47]
    Airport unlikely to be affected in Jet2 winter flight reduction
    Sep 5, 2025 · They've put new flights on sale, they work hard to make sure they're calibrating the flights. Phil Ward, Chief Operations Officer at Jet2.com ...
  48. [48]
    [PDF] Annual Report & Accounts 2019
    Dart Group plc (the “Group”) has chosen to apply the UK. Corporate Governance ... The Group has various borrowing facilities and financing arrangements available ...
  49. [49]
    Dart Group PLC – Final Results - Aim Listing
    Dart Group PLC – Final Results ; Unaudited. Audited ; Revenue. £2,391.8m. £1,729.3m ; Operating profit. £130.6m. £103.0m ; Operating profit margin. 5.5%. 6.0%.
  50. [50]
    [PDF] Preliminary Results 2021 - Jet2 plc
    Jul 8, 2021 · The passenger volume reduction contributed directly to a decrease in revenue of 89% to £395.4m (2020: £3,584.7m) and consequently a loss before ...
  51. [51]
    [PDF] Annual Report & Accounts 2022
    In 1991, it changed its name to Dart Group plc and moved to a full listing ... Leeds Bradford Airport, Leeds, LS19 7TU. The Group's financial ...
  52. [52]
    [PDF] Results for the Year ended 31 March 2023 - Jet2 plc
    Jet2 plc Financial Results | Year ended 31 March 2023. 29. REVENUE PERFORMANCE. Revenue increased by 309% to £5,033.5m: • Passenger sectors flown of 16.22m ...
  53. [53]
    Jet2 parent to focus on airline after selling logistics business | News
    Jun 1, 2020 · UK budget carrier Jet2's parent, Dart Group, has sold its sister logistics business to investor Culina Group.Missing: plc | Show results with:plc
  54. [54]
    None
    ### FY 2024 Key Financial Metrics for Jet2 plc
  55. [55]
    Jet2.com | UK Low-Cost Flights, Destinations & Fleet - Magelline
    The airline has twelve additional operating bases across the United Kingdom and overseas bases at Alicante Airport, Palma de Mallorca Airport, and Tenerife ...
  56. [56]
    FAQs - Jet2.com
    Allocated seating · Baggage allowance · Booking & payment · Security & identification · Assisted travel · View all FAQs; Travelling in a group; Group flight ...
  57. [57]
    Willingness to pay for economy class seat selection: From a Chinese ...
    ... Jet2.com , the ancillary revenue as a percentage of total revenue ranges from 27.6 to 46.6%. For instance, ancillary revenue as a portion of Spirit's total ...<|control11|><|separator|>
  58. [58]
    Jet2 has once again been ranked the UK's top transport company for ...
    Jul 8, 2025 · ... UK Customer Satisfaction Index (UKCSI) published Tuesday. The airline scored 83.1 points out of 100, ahead of Virgin Atlantic at 79.9. Both ...
  59. [59]
    Jet2.com SWOT: award-winning UK low cost airline and tour operator
    Oct 20, 2024 · Ancillary revenue per passenger is below peak levels. In FY2024 Jet2.com generated GBP26.34 in non-ticket revenue per passenger, which was ...<|separator|>
  60. [60]
    Jet2.com and Jet2holidays publish updated sustainability strategy
    May 28, 2024 · From 2021-2023, Jet2.com offset every tonne of its carbon emissions not already covered by its contribution to existing schemes (CORSIA and ...
  61. [61]
    Final Results – Company Announcement - FT.com - Markets data
    Jul 9, 2025 · Summer 2025 on sale seat capacity at 18.5m seats is currently 8.0% higher than Summer 2024. Bookings for Summer 2025 continue to be made ...
  62. [62]
    Why book with us - Jet2holidays
    2 to 5-star hotel included. Your accommodation is all part and parcel of your package holiday with us – and there are over 4,000 hotels and apartments to choose ...<|separator|>
  63. [63]
    All Inclusive Holidays 2025/2026 - Jet2holidays
    All-inclusive holidays include return flights, accommodation, 22kg baggage, hotel transfers, three daily meals, drinks, and snacks.Read more · All Inclusive Plus holidays · 24-hour All Inclusive Holidays... · Sign in
  64. [64]
    Keeping you safe with ATOL protection - Jet2holidays
    At Jet2holidays, we always put our customers first. One of the ways we make sure you stay safe is by giving you ATOL protection on every single package ...Atol · What Is Abta? · What Is Abta Protection, And...
  65. [65]
    Free Child Place Finder | Free Childrens Holidays - Jet2holidays
    What you get with a Free Child Place ; They fly for free. Soar off with your little one ; Stay for free. At one of our fab, family-friendly hotels ; Play for free.
  66. [66]
    Baggage - Jet2holidays
    You can take one piece of hand luggage onboard free of charge, as long as it weighs no more than 10kg and is no larger than 56cm x 45cm x 25cm (including wheels ...
  67. [67]
    Transfers | Jet2holidays
    New FREE express transfers. Transfers to and from your hotel are included with all our Jet2holidays. Express transfers will be available at selected properties.New To Shortlists · Transfers · Returning To ShortlistsMissing: reps | Show results with:reps
  68. [68]
    “Best holiday idea since the suitcase” - Jet2.com
    Jul 15, 2016 · Jet2holidays' friendly reps greet customers at their hotel on the day of their return flight and check their baggage in on the spot. The special ...
  69. [69]
    Destinations
    Dreaming of getting away? Discover where we can take you to! Take your pick from 13 UK airports and more than 75 destinations across Europe.Flights from London Stansted · Flights from Birmingham · Flights from GlasgowMissing: seasonal | Show results with:seasonal
  70. [70]
    [PDF] Our Destinations - Jet2 plc
    OVER 590 ROUTES. JEREZ. NEW FOR 2025. PULA. NEW FOR 2025. TALLINN. NEW FOR 2025. SAMOS. NEW FOR 2026. NEW FOR 2026. PALERMO. NEW FOR 2026. LA PALMA. Annual ...
  71. [71]
    Jet2.com Expands UK Network with New Bases and Routes
    Apr 28, 2025 · The Leeds-Bradford–based carrier will establish two new operating bases at London Luton and Bournemouth airports, bringing its total to 13 ...
  72. [72]
    Jet2 expands its operations with Spain by 380,000 seats for the ...
    Feb 12, 2025 · The airline Jet2.com has unveiled its growth plan for 2025, offering more than 4.3 million seats to Spain during the next peak season, 10% more than in the ...
  73. [73]
    Jet2.com and Jet2holidays announce major expansion for Winter ...
    Mar 25, 2025 · NEW SKI ROUTE to Chambery with weekly Saturday services operating from 20th December 2025 to 28th February 2026. · Extra services to Malaga ...
  74. [74]
    Investment Case - Jet2 plc
    92%. customer satisfaction for Jet2holidays ; 590+. routes to 75+ destinations for Summer 2025 ; 58m. people live within a 90-minute drive of our 13 UK bases ; 21%.
  75. [75]
    Meet The Winners: Jet2.com | Aviation Week Network
    Jul 26, 2024 · Offering more than 500 routes across the 12 bases, Jet2.com has a catchment area of over 54 million people covering 75% of the UK population.
  76. [76]
    Jet2 Fleet Details and History - Planespotters.net
    Fleet Size, 126 Aircraft (+ 4 On Order/Planned). Average Fleet Age 1, 13.6 Years. Official Site, jet2.com. Last updated on Nov 10, 2025. Fleet Matrix. Aircraft ...
  77. [77]
    The Jet2 fleet in March 2025 - Flightradar24
    Mar 11, 2025 · Remember flying once from LBA in early days when first 3 rows of seats were the new experimental slimline seats, now standard on the fleet.
  78. [78]
    Jet2 - AeroLOPA | Detailed aircraft seat plans
    Up-to-date detailed seat maps of the Jet2 fleet. The fleet The Boeing 737 is the workhorse of Jet2's operations. The dominate type in the fleet is the 737-800.LS Boeing 737-800 · LS Airbus A321neo · LS Boeing 737-300 · LS Airbus A321Missing: configurations | Show results with:configurations
  79. [79]
  80. [80]
    Jet2 Grows Manchester Maintenance Footprint - Aviation Week
    Aug 14, 2025 · The Manchester hangars operate in addition to a maintenance hangar at its main base at Leeds-Bradford Airport.
  81. [81]
    Jet2 sets out near-10% capacity growth and expansion plans into ...
    Jul 10, 2025 · The majority, 18.5 million, are for the current summer, which itself represents a year-on-year increase in capacity of 8%. The package ...
  82. [82]
    Jet2 shares could be vastly undervalued…again - Yahoo Finance UK
    Sep 26, 2025 · Operationally, Jet2's investing in its fleet with a total commitment of 155 Airbus A321neo aircraft by 2035. These aircraft offer 20% greater ...