Airline and package holidays firm Jet2 says demand for winter getaways has driven strong bookings with higher pricing and margins.
The Leeds Bradford Airport-based operator told investors that it expects to report group profit before foreign exchange revaluation and taxation of between £370m and £385m for the year to the end of March 2023. Load factors - used by airlines to measure passengers to available seats - were said to be ahead of pre-pandemic levels in winter 2018/19, even against a 24% increase in seat capacity.
And Jet2 said about 60% of its total passengers were package holiday customers, a level 16 percentage points higher than at the same point in winter 2018/19. The update follows last year's strong criticism from the airline's founder and executive chairman Philip Meeson levelled at at airports amid well publicised travel disruption.
