Jet2 Shares Dip Despite Record Revenue and Higher Dividend

Jet2 (LON: JET2) shares slipped on Tuesday despite the leisure travel group posting record annual revenue, profits and passenger numbers, alongside a 13% hike in its final dividend.

For the year ended 31 March 2025, group revenue rose 15% to £7.17 billion, while profit before tax climbed 12% to £593.2 million. 

Operating profit grew more modestly, up 4% to £446.5 million. The company flew 19.77 million passengers, a 12% increase, with package holiday customers rising 8% and flight-only travellers up 18%.

Jet2 also announced a final dividend of 12.1p per share, up from 10.7p last year, taking the full-year dividend to 16.5p. In addition, a £250 million share buyback programme launched in April is already over 35% complete.

Chief Executive Steve Heapy said the results “reaffirm the enduring appeal, resilience and differentiation” of Jet2’s offering. “The strength of our proposition, delivered by colleagues dedicated to providing award-winning Customer First service, will enable us to fulfil our long-term strategy,” he said.

Looking ahead, the company plans to operate 135 aircraft in summer 2025. However, it acknowledged that bookings continue to come closer to departure, limiting visibility.

While Jet2 said it is currently trading in line with expectations, investors were cautious, sending shares lower in early trading. 

The stock is currently down more than 6% at 1,712p a share after earlier hitting a low of 1,672p.