Low cost airline Jet2 has hailed a bounce-back to profitability despite what it called a "difficult return to normal operations" after the Covid restrictions.
The Leeds Bradford Airport-based operator released half year results to the end of September showing a 730% rise in revenue to £3.5bn and a 403% rise in operating profit to £516.6m, following a loss of £170.4m in the same period of 2021. Jet2 told investors on the London Stock Exchange the performance was 44% ahead of its 2019, pre-Covid, results.
However, the holidays firm also said it faced a number of cost pressures including fuel, carbon, a strengthened US dollar and wage increases. It said the inflationary headwinds could mean margins are squeezed.
