The Board of Jet2 plc has resolved to pay a final dividend of 12.1p per share (2024: 10.7p), an increase of 13%, reflecting the positive financial performance, bringing the total dividend to 16.5p per share for the year (2024: 14.7p).
Other financial highlights:
Further progress made against its growth strategy - total flown passengers grew 12% to 19.77m (2024: 17.72m); higher margin per passenger package holiday customers rose 8% to 6.58m (2024: 6.08m) with flight-only passengers up 18% to 6.62m (2024: 5.61m).
Group profit before FX revaluation and taxation increased by 11% to £577.7m (2024: £520.1m).
Strategic investment - new bases at Bournemouth and London Luton airports mean 85% of the UK population are now within a 90-minute drive of Jet2's thirteen UK bases.
Liquidity - year-end total cash, including money market deposits, was £3,155.8m (2024: £3,184.7m) with 'Own Cash' (excluding advance customer deposits), at £1,096.9m (2024: £1,331.4m). Total debt reduced by 22% and net cash increased by 17% to £2,017.9m (2024: £1,729.3m).
Basic EPS improved by 15% to 213.1p (2024: 185.9p) and diluted EPS increased 22% to 207.2p (2024: 170.4p) as the potential dilutive impact of the convertible bond was eliminated.
Shareholder Returns - reflecting Jet2's confidence in the prospects of our business and a commitment to return value to shareholders, we announced on 29 April 2025 the launch of a share buyback programme of up to £250m. The programme is currently over 35% complete.
Bookings for Summer 2025 continue to be made closer to departure as previously announced, but it is clear that customers' eagerness to get away from it all and enjoy a relaxing overseas holiday in the sun remains strong, provided pricing is attractive.
Jet2 is currently trading in line with market expectations supported by our flexible and fully integrated business model which provides the Group with the ability to balance average load factor, pricing and product mix, in order to maximise overall profitability.
