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Jet2 PLCJET2.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Consumer Discretionary›Other Consumer Services

UK leisure airline and package-holiday company flying from regional UK airports to European sun destinations.

≈ A UK Southwest Airlines plus Expedia package-holiday hybridMomentum strong 72
Mkt cap
$3.61B
US dollars, full cap
Free float
71%
of shares outstanding
$/day
$10.5M
20-day average traded
Fwd P/E
11.1×
forward earnings
ROIC−WACC
n/a
WACC 11.3%
Hurdle
n/a
no reverse DCF
Next earnings
12 days
18 Nov 2026
Close · GBP£1,510
1D+1.8%
1W+7.2%
1M+6.8%
3M-4.4%
6M+34.1%
YTD+7.5%
1Y+17.2%
ATR %3.3%
52w lowhigh6.3% off high

What Jet2 does

UK leisure airline and package-holiday company flying from regional UK airports to European sun destinations.

Sells most seats as part of a package with the hotel and transfers, which lets it earn on the hotel margin as well as the fare and fill its own aircraft with its own demand. It flies from regional UK bases rather than the busiest hubs. Founder Philip Meeson remains a major shareholder.

In one line: A UK Southwest Airlines plus Expedia package-holiday hybrid.

Products and services

  • Jet2.com scheduled flights
  • Jet2holidays package holidays

Customers

  • UK leisure travelers

Where it sits in the supply chain

  • Consumer Discretionary
  • Leisure travel
  • Scheduled leisure flights & package…

What could go right

  • UK outbound leisure travel demand
  • Package holiday market share gains

What could go wrong

  • Fuel price volatility
  • Consumer discretionary spending sensitivity

Moat: narrow (scale, brand, distribution). Strong regional-airport presence and a vertically integrated flights-plus-holidays model.

Headquarters: Leeds, UK · Founded: 2002

Named competitors

Jet2 at a glance

Size Jet2 (JET2.L) is a United Kingdom Consumer Discretionary company (Other Consumer Services) with a market value of $3.61B, the 116th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £1,510 on 6 Nov 2026.

Performance Over six months the shares gained 34.1%, against +0.2% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 4.3% over the last twelve months (peer median +9.5%); the operating margin is 5.9% (peer median 13.3%).

Valuation It trades at 11.1× forward earnings against a peer median of 16.4× (7th cheapest of 20).

Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026JET2.L 138Peer median 104
Six months, rebased to 100: Jet2 against the median of its 20 peers (local-currency closes).

Jet2 financials

Reported figures in GBP; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue£7.48B£7.48B£7.17B£6.26B£5.03B
Revenue growth—+4%+15%+24%—
Gross profit£868M£868M£899M£841M£708M
EBITDA£732M£732M£729M£677M£579M
Net income£410M£410M£447M£399M£291M
Free cash flow£495M£495M£659M£686M£756M
Capital expenditure£391M£391M£399M£408M£197M
Total debtn/a£1.28B£1.14B£1.46B£1.38B

Quarterly statements and history in the cockpit →

Jet2 competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%0%+20%CVSAVAC0780IRCTC301297LRNOSWTUI1VVVPLNT2371GHCPTONBYDBFITHRBDRVN4666ANDGFLTJET2.L6-month return →1-month return →
Up and to the right = strong over both horizons. Jet2 is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%10×20×30×CVSAVAC0780IRCTCLRNOSWTUI1VVVPLNT2371GHCPTONBYDHRBDRVN4666ANDGJET2.LRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Jet2 is the large dot.

Jet2 competitors and peer comparison

Head to head with its named competitors (JET2.L vs TUI1.DE vs EZJ.L vs RYAAY)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Jet2 JET2.L$3.61B+34%+4%6%11.1×n/a
Tui TUI1.DE$4.31B+17%-2%4%7.4×-2.0%
easyJet EZJ.L$6.96B+90%+10%5%68.9×4.8%
Ryanair Holdings PLC Sponsored ADR RYAAY$29.5B+2%+9%13%17.0×6.4%

How Jet2 compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Jet2 against its 20 peers (data as of 6 Nov 2026)
MeasureJET2.LPeer medianRank in peer set
1-month return+6.8%+9.4%11th highest of 21
6-month return+34.1%+0.2%5th highest of 21
Distance from 52-week high-6.3%-22.9%5th highest of 21
Revenue growth (TTM)+4.3%+9.5%7th lowest of 21
Operating margin5.9%13.3%3rd lowest of 21
Forward P/E11.1×16.4×7th cheapest of 20
EV / EBITDA0.9×9.9×cheapest of 20
Net debt / EBITDA-2.8×1.4×least indebted of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Jet2 JET2.LUnited Kingdom$3.61B+34%+4%6%11.1×n/an/a
Covista CVSAUnited States$3.67B-18%+9%20%12.0×-3.7%+16.6%
Marriott Vacations Worldwide VACUnited States$3.80B+43%+5%11%11.4×7.7%+11.8%
Tongcheng Travel 0780.HKHong Kong$3.38B-37%+15%17%6.1×-15.0%+25.8%
Indian Railway Catering & Tourism IRCTC.NSIndia$3.87B-20%+15%30%24.2×28.7%+46.4%
Ferrotec (An Hui) Technology Development 301297.SZChina$3.21B-30%+37%10%n/an/an/a
Stride LRNUnited States$3.15B-15%+2%19%9.5×-19.1%+10.4%
OneSpaWorld OSWUnited States$3.12B+25%+10%10%24.5×19.5%+51.4%
Tui TUI1.DEGermany$4.31B+17%-2%4%7.4×-2.0%+24.9%
Valvoline VVVUnited States$4.44B-2%+16%18%19.4×10.3%-6.2%
Planet Fitness PLNTUnited States$4.56B+31%+13%31%17.3×4.8%+26.6%
Kakaku.com 2371.TJapan$4.63B+42%+17%27%31.3×4.6%+13.0%
Graham GHCUnited States$5.05B+7%+4%6%16.4×8.6%+11.2%
Peloton Interactive PTONUnited States$2.50B-1%-2%9%18.7×7.2%-9.5%
Boyd Group Services BYD.TOCanada$2.48B-24%+16%5%22.1×9.4%+16.0%
Basic-Fit BFIT.ASNetherlands$2.23B+2%+18%12%22.0×6.5%+30.4%
H&R Block HRBUnited States$6.45B+43%+5%24%8.4×-15.4%+2.9%
Driven Brands DRVNUnited States$1.96B-11%-11%15%9.6×3.3%+15.5%
Park24 4666.TJapan$1.93B-2%+4%10%6.8×-5.2%+8.6%
Andersen ANDGUnited States$7.34B+78%+18%14%32.4×29.0%+18.0%
Flight Centre Travel FLT.AXAustralia$1.72B+17%+3%7%11.4×8.5%+48.5%

Questions

Who are Jet2's main competitors?
Named competitors: TUI Group (TUI1.DE), easyJet (EZJ.L), Ryanair Holdings (RYAAY). The cockpit's measured peer set (industry) also includes Covista (CVSA), Marriott Vacations Worldwide (VAC), Tongcheng Travel (0780.HK), Indian Railway Catering & Tourism (IRCTC.NS), Ferrotec (An Hui) Technology Development (301297.SZ), Stride (LRN).
Is Jet2 expensive compared with its peers?
On forward p/e it trades at 11.1× against a peer median of 16.4×, 7th cheapest of 20 in its peer set.
How has Jet2 stock performed?
Over six months to 6 Nov 2026 the shares returned +34.1% against +0.2% for the median peer; over one year +17.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.