Jet2 delivers 'record performance' in H1, raises FY guidance

Airline company Jet2 said on Thursday that it had delivered "another record performance" in the six months ended 30 September, leading the group to upgrade its full-year outlook.

Jet2 said interim revenues were up 15% at £5.09bn, while profits before foreign exchange revaluation and taxes were 16% higher at £722.4m. Post-tax profits were up 20% at £592.9m.

The London-listed group also said basic earnings per share had grown 21% to 279.3p and hiked its interim dividend 10% to 4.4p.

Jet2 said its strong first-half performance was mainly driven by an increase in passenger numbers from 11.97m to 13.34m as both package holiday and flight-only sales increased, as did capacity.

Looking ahead, Jet2 said FY pre-tax and foreign exchange-adjusted profits would likely come in ahead of the company-compiled average market forecast of £541.0m.

As of 1020 GMT, Jet2 shares were up 5.84% at 1,500.75p.

Reporting by Iain Gilbert at Sharecast.com