image

The best stocks to buy since 1993

Latest issue now available

SIGN UP NOW
Updates

Jet2 - 13% upgrade to eps forecast

October 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • JET2
  • Price:
  • 1083p
Mirroring OTB’s statement, Jet2’s AGM also reported a strong summer season late booking momentum in July and August, resulting in load factors just 0.5% behind last year (despite a 7% increase in capacity).   The package mix is also richer and Jet2 is lifting its EBITDA guidance to £480-520m. Importantly, this includes a £13m impact from the Rhodes wildfires and NATS air traffic control failure. Winter 23 and Summer 24 bookings are seeing continued price growth on significantly stronger capacity. Again reflecting stronger interest income, Panmure has lifted its eps forecast for the current year to end March by 13% from 153.3p to 173.9p. I made the shares a main Buy last month; keep buying on a dirt cheap prospective PE of 6.2. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Jet2 (December 2023)
Jet2 - Eps sequence forecast: 147p, 169p, 185p (September 2023)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

author

LIMITED PERIOD OFFER

SUBSCRIBE TODAY AND SAVE £40 WITH OFFER CODE 40OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW