Jet2: Holiday And Airline Buys Do Not Come Stronger Than This

2025-04-20 10:10:00 ET

Summary

• Jet2 remains a strong buy due to its net cash position, fleet renewal with fuel-efficient Airbus A321neo planes, and robust EBITDA growth projections.
• Despite inflationary pressures and macroeconomic risks, Jet2's holiday package business and fleet upgrades offer significant upside potential.
• The company reported 15% revenue growth in H1 FY25, driven by increased seat capacity and passenger numbers, though operating expenses also rose.
• Conservative price target is $25.53 (45% upside), with a bullish scenario at $29.34 (67% upside), making Jet2 extremely attractive for investors.

In July 2023, I initiated coverage for Jet2 plc ( OTCPK:DRTGF ) and saw at least 50% upside for the name. I revisited the stock in September 2024 and assigned a price target of $21, which was almost reached. It is safe to say that since my last coverage the world looks a bit different and that may have implications for Jet2....

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