Jet2 Reports Higher Summer Bookings Despite Middle East Challenges
Jet2's Performance and Market Context
Resilient Travel Demand Amid Geopolitical Tensions
Sept 3 (Reuters) - British travel firm Jet2 on Thursday said its summer bookings so far were higher than year ago levels as travel demand remained resilient in the backdrop of geopolitical tensions.
Fuel Hedging Strategies
Current Hedging Position
The package holiday and airline company said 93% of its fuel requirement for the year ending March 2027 was currently hedged at an average price of $753, compared with 90% of the fuel it had hedged at $743 as of July.
Industry-Wide Challenges
The global aviation and leisure industry has been grappling with higher energy costs and weak travel demand as the conflict in the Middle East enters in seventh month, pushing airlines to hedge their fuel requirements to protect margins.
Passenger Growth and Capacity Expansion
Summer 2026 Bookings
Jet2 said its booked-to-date passengers were up 8.8% for summer 2026, above the 7.1% it reported in July.
Winter 2026-2027 Seat Capacity
Gatwick Airport Focus
Its winter 2026-2027 seat capacity was also up 8% year-over-year concentrated at the Gatwick airport.
(Reporting by Prerna Bedi in Bengaluru; Editing by Nivedita Bhattacharjee and Janane Venkatraman)
