Jet2 Cuts Winter Capacity Sees Lower Profit Growth 2026

Jet2, the British low-cost airline and travel firm, has forecast its operating profit for the year ending March 31, 2026, to be towards the lower end of market expectations, citing limited booking visibility and ongoing seat sales for the summer and winter seasons. In response to a later booking trend and a less certain consumer environment, Jet2 has reduced its winter seat capacity slightly from 5.8 million to 5.6 million, though this still represents a 9% increase compared to the previous winter season. The company reported an 8% rise in summer 2025 seat sales compared to summer 2024, with package holiday customers growing by 2% and flight-only passengers by 17%. Jet2 emphasized capacity discipline and maintaining attractive pricing to ensure customer satisfaction amid challenging market conditions, including geopolitical disruptions, higher costs, and extreme weather. The firm expects earnings before interest and taxes (EBIT) to range between £449 million and £496 million, close to last year's £446.5 million. CEO Steve Heapy highlighted the company's flexible business model and loyal customer base as strengths to navigate the difficult market environment.