The boss of the company, which consists of airline Jet2.com and package holiday provider Jet2holidays, said this year's profit margin could be under pressure.
This is due to rising costs beyond inflation, which affect key costs such as hotel accommodation, aircraft maintenance and general airport charges, the Yeadon-based airline tells investors. I did.
They also warned of delayed delivery of new planes that ensure that additional costs will be incurred to cover aircraft gaps during peak summer months.
Jet2 previously said it faces £25 million a year to cover increased employers' national insurance contributions and increased national minimum wage.
This adds to the additional £20 million costs associated with meeting the sustainable aviation fuel requirements for airplanes.
“We are pleased to announce that Jet2 CEO Steve Heapy: “We continue to spend our time away from the rainy island and want to properly care for you through the holiday experience and continue to invest in our business to meet these expectations.
“However, the current macroeconomic conditions and many of the demands placed on consumer discretionary income, coupled with later booking profiles and detailed headwinds, puts some pressure on profit margins from the previous year. It could mean that you will be.”
Nevertheless, the company expects to report pre-tax profits of between £560 million and £570 million per year by the end of March. This is ranked 10th from the previous year.
Also, bookings for April, May and June are up about 7% compared to last year, with package holiday customers increasing by 4%, and flight-only passengers increasing by 19% It has become.
This coincides with the ongoing trend of consumers booking closer to the date of their trip, ensuring more people are last-minute trips.
Recently, expansion to London Luton and Bournemouth Airports has helped to promote growth and attract more bookings, but the new location is expected to add losses to the first year of operation.
Jet2 said pricing was still competitive in both holiday and flight prices and rose slightly.
The company's shares were about 10.5% lower on Wednesday morning.
