Jet2 reports surge in summer bookings as US‑Iran conflict eases

UK airline and holiday operator Jet2 said demand for summer 2026 travel has rebounded strongly after uncertainty surrounding the US‑Iran conflict eased. The company posted a pre‑tax profit of £551 million for the year to March, down 7% year‑on‑year, but recorded a 7% rise in bookings and a 1.2‑percentage‑point increase in seat‑fill rates. Passenger numbers reached a record 20.8 million, up 5%.

Chief executive Steve Heapy noted that many travellers had postponed plans during the February escalation but are now eager to holiday, especially to destinations most affected by the war such as Turkey, Cyprus, the eastern Greek islands, Bulgaria and parts of North Africa. He also warned of longer queues at EU immigration checkpoints under the new Exit/Entry System, though no Jet2 flights were affected. Analysts highlighted Jet2’s strong cash position, a £250 million share buyback and continued investment plans despite higher employment taxes and sustainable‑fuel costs.