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Jet2 PLC

Canaccord Genuity Raises Jet2 Price Target

Jet2 plc reaches 52-week high closing price

Jet2 Expands Summer Flight Schedule, Adds Birmingham to Greece Route

Jet2 announces winter expansion plan to increase flight capacity

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Jet fuel shortages are threatening UK airlines, with global shipments at a record low due to the Strait of Hormuz blockade. Major carriers warn of limited supplies, potentially impacting summer holidays. The government is considering allowing UK airlines to use US jet fuel to mitigate cancellations. Airline stocks have been volatile, with some companies like IAG planning price hikes, while others like Jet2 avoid surcharges. Analysts suggest airlines are hesitant to cut flight capacity, hoping for a resolution to the crisis, as government rules may change to ease the impact on smaller carriers.

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Jet fuel shortage looms as government scrambles to secure supplies

Jet2 reports that UK holiday bookings are being made last minute due to fears surrounding the Iran war. The airline has increased its summer seat capacity by 8% compared to last year, offering 19.9 million seats. Jet2 has secured 87% of its fuel at fixed prices, ensuring cost certainty despite rising energy prices. The company has ruled out imposing a surcharge on tickets, emphasizing its commitment to affordable pricing. Jet2's share price rose slightly, although it remains down 23% for the year.

Brits booking holidays last minute over Iran war fears, says Jet2

Jet2 plc (LON:JET2) shares reached a new 52-week low of GBX 980, closing at GBX 1,066. The company is continuing a £100m share buyback and preparing a new London Gatwick base. However, rising jet fuel costs and operational disruptions have negatively impacted sentiment. Analysts maintain a "Moderate Buy" consensus with an average target price of GBX 1,851.17. Insider purchases indicate confidence, with 21.50% of shares held by insiders. Jet2 is a leading leisure travel group in the UK, operating Jet2.com and Jet2holidays.

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Jet2 (LON:JET2) Hits New 12-Month Low  - Should You Sell?

Jet2 plc (LON:JET2) has received a consensus rating of "Moderate Buy" from six brokerages, with one hold and five buy recommendations. The average target price is GBX 1,851.17. Recent analyst ratings include Jefferies maintaining a buy rating with a target of GBX 2,100, while Deutsche Bank lowered its target from GBX 1,596 to GBX 1,457. Jet2 shares opened at GBX 1,195.20, with a market cap of £2.18 billion. Insider purchases and new business initiatives indicate positive sentiment, despite recent operational safety concerns.

Jet2 plc (LON:JET2) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

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Easyjet tops FTSE 100 as airline, travel shares rocket after Hormuz reopening

Easyjet forecasts a pre-tax loss of £540m to £560m for the first half of the financial year due to disruptions from the Middle East conflict and rising operational costs. The airline faced increased jet fuel prices, with 18% of its fuel purchased in March adding £25m to losses. Additionally, Easyjet incurred £30m in legal provisions. CEO Kenton Jarvis noted that the financial performance has worsened year on year, but operational plans for peak summer are on track.

Easyjet grounded to £560m loss after Iran war

The EU's new Entry/Exit System (EES) is causing significant delays for British passengers, leading to missed Easyjet flights. The EES requires non-EU nationals to register biometric data, but issues like long queues and tech failures have been reported. Easyjet held a flight for nearly an hour, but passengers still missed it, with some incurring costs over £1,000 for alternative flights. Airlines are not liable for delays caused by the visa system, and passengers are advised to arrive early at airports to avoid issues. Waiting times at border control are currently two to three hours during peak times.

EU visa changes hit Easyjet passengers –  what are your legal rights?

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UK airlines face potential fuel shortages in five to six weeks due to the ongoing conflict in Iran affecting the Strait of Hormuz. While Asian carriers have already cut routes, UK airlines are currently insulated by diverse oil sources and hedging contracts. Ryanair's CEO warned of a 10-25% risk to supplies in May and June if the situation doesn't improve. Despite rising jet fuel prices, UK airlines saw stock gains as optimism grew over a resolution to the conflict. Airlines UK reported no immediate disruptions to fuel supply.

Ryanair

Ryanair Holdings Plc

Airlines face five-week cliff edge before fuel shortages could ground flights

Jet2 PLC(JET2.UK)

Jet fuel shortage looms as government scrambles to secure supplies

Brits booking holidays last minute over Iran war fears, says Jet2

Jet2 (LON:JET2) Hits New 12-Month Low - Should You Sell?

Jet2 plc (LON:JET2) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Easyjet tops FTSE 100 as airline, travel shares rocket after Hormuz reopening