Jet2 shares jump 14% on £250m buyback and solid trading update

  • Shares in Jet2 PLC (AIM:JET2) soared 14% in early trading on Tuesday after the leisure airline announced a £250 million share buyback alongside a solid trading update, despite uncertainty across the wider travel sector. The company said it expected to report a full-year profit of between £565 million and £570 million for the 12 months to 31 March, excluding a £10 million gain from selling retired Boeing 757 200 aircraft.