Jet2 to post almost £400m profit as holiday firm revises target figures

The low-cost airline and holiday firm saw shares rise after it hailed ‘encouraging’ summer bookings.

The budget airline group is set to post profits of up to £392 million for the past year (Nicholas T Ansell/PA) (PA Archive)

Jet2 has said it is set to post almost £400 million in profit for the past year as it upgraded its targets for the second time in three months.

The low-cost airline and holiday firm saw shares rise after it hailed “encouraging” summer bookings.

It told shareholders on Thursday that it expects to record a profit before tax and foreign exchange revaluation of between £387 million and £392 million for the past year to March.