In a trading update issued on Wednesday (29 April), the airline and operator revealed it is 87% hedged on its summer fuel requirements giving it "a high degree of cost certainty". "We are also maintaining frequent dialogue with our fuel suppliers and airport partners on fuel supply," the group added.

Late last week, Jet2 ruled out introducing fuel surcharges on its flights and holidays. Since then, easyJet holidays and Tui have followed suite.

Jet2's booked passenger numbers are, to date, up by 6.2% year-on-year, "with both package holidays and flight-only showing positive growth". This is against on sale capacity growth for summer 2026 of 7.7% year-on-year to just shy of 20 million seats. Combined average load factor in its current quarter (April, May and June) is in line with last year.

However, Jet2 has warned bookings have shifted "increasingly close to departure" since the start of the war in the Middle East.

The airline and operator expects to deliver full-year operating profit of between £435 million and £440 million, which it said was "in line with current market expectations".

This includes £11 million start-up costs invested in its new Gatwick base, which opened last month, and compares with last year's full-year operating profit of £446.5 million.

Chief executive Steve Heapy said Jet2 remained focused on its medium-term goals as it "continues to monitor the situation in the Middle East", adding its model ensured both growth and resilience.