Jet2 PLC
08 July 2026
08 July 2026
Jet2 plc (the "Company")
Launch of Share Buyback Programme of up to £250 million
Jet2 plc, the Leisure Travel group, announces the commencement of a share buyback programme in respect of its ordinary shares of 1.25p each ("Ordinary Shares") up to a maximum aggregate consideration of £250 million (the "Share Buyback Programme") which is expected to be phased over two tranches. The first tranche in the sum of up to £125 million commences today and is anticipated to end on or before 31 December 2026.
The Company has instructed Jefferies International Limited ("Jefferies") to execute the first tranche of the Share Buyback Programme. Under this instruction, Jefferies will act as "riskless" principal and will make its trading decisions in relation to the Ordinary Shares independently of, and uninfluenced by, the Company in accordance with certain pre-set parameters, including those prescribed by the Market Abuse Regulation (EU) No 596/2014 (as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 (as amended)). Any purchases of Ordinary Shares by the Company will be effected in accordance with (and subject to the limits prescribed by) the Company's general authority to repurchase Ordinary Shares granted by its shareholders from time to time (at the Company's Annual General Meeting on 4 September 2025, shareholders gave the Company authority to purchase a maximum of 20,796,104 Ordinary Shares, of which 6,321,273 remain available as at the date of this announcement). The Share Buyback Programme will be discontinued if the Company ceases to have the necessary general authority to purchase Ordinary Shares.
All Ordinary Shares purchased will be cancelled.
The Company intends to announce purchases of Ordinary Shares under the Share Buyback Programme on a weekly basis, with each announcement detailing all purchases made during the preceding week.
Arrangements in respect of the second tranche of the Share Buyback Programme will be announced in due course.
The person responsible for making this announcement on behalf of the Company is Gary Brown.
For further information, please contact:
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Jet 2 plc |
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Steve Heapy, Chief Executive Officer Gary Brown, Group Chief Financial Officer |
Tel: 0113 238 7444 |
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Institutional investors and analysts: Mark Buxton, Finance and Investor Relations Director |
Tel: 0113 848 0242 |
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Cavendish Capital Markets Limited - Nominated Adviser Matt Goode / George Lawson |
Tel: 020 7220 0500 |
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Jefferies International Limited - Joint Broker Ed Matthews / Jee Lee |
Tel: 020 7029 8000 |
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Canaccord Genuity Limited - Joint Broker Adam James / Harry Rees |
Tel: 020 7523 8000 |
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Headland Consultancy - Financial PR Ed Young / Will Smith / Jack Gault |
Tel: 020 3805 4827 |
Notes to Editors
Jet2 plc is a Leisure Travel group, comprising Jet2holidays, the UK's leading provider of ATOL protected package holidays to leisure destinations across the Mediterranean, Canary Islands and European Leisure Cities, and Jet2.com, the UK's third largest airline by number of passengers flown, which specialises in scheduled holiday flights. In the financial year ended 31 March 2026, over 63% of flown passengers took an end-to-end package holiday with the remainder taking a flight-only.
Jet2 currently operates from 14 UK airport bases at Belfast International, Birmingham, Bournemouth, Bristol, East Midlands, Edinburgh, Glasgow, Leeds Bradford, Liverpool John Lennon, London Gatwick, London Luton, London Stansted, Manchester and Newcastle.
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