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A trading update is due soon, we'll know how things are.
Jet2 is heavily invested in Turkey, punters tend to avoid travelling further east than Spain when things escalate.
The Gulf War was a total disaster for the travel trade resulting in Intasun the major tour operator going bust.
Jet2 has no business in the Middle East. iIt's a tour operater which has it's own airline and books holidays for within Europe. Jet2 also has a policy to hedge most of its fuel requirements well in advance so oil price rises shouldn't affect it much either IMO.
Further escalation in the Middle East will spell disaster for all travel shares.
Trading statement should come any time now. It came on 8th April in 2022 and 20th last year.
"JET2 - The British leisure travel company said in July it had 81.8% of fuel hedged over the next 12 months."
Jet2 is basically a holiday company with it's own airline. Most of the profits come from their package holidays business. They shouldn't be affected much by oil prices IMO.
Https://www.rte.ie/news/business/2023/1102/1414262-european-airlines-hedge-against-fuel-price-hikes/
God knows how its either half or all of it is hedged
Risk of oil price rising as a result of Middle East events is affecting the share price.
A record-breaking March rounded off a very strong winter season at London Stansted (a Jet2 base) that resulted in the airport registering its busiest ever 12-month period.
https://airport-world.com/records-tumble-at-london-stansted-after-strong-winter-season/
Manchester Airport ( a Jet2 base} has broken passenger records for the sixth consecutive month. It served 2.1m passengers in March – up 12% on March 2023 and above the 2019 pre-pandemic level of 2m passengers.
https://mediacentre.manchesterairport.co.uk/record-breaking-run-continues-as-manchester-airport-hits-another-milestone-on-13bn-transformation-with-launch-of-new-two-mile-long-baggage-system/
The travel stocks making the most of the recovery.
Jet2 likely to double its pre-pandemic record profits.
https://www.investorschronicle.co.uk/ideas/2024/04/04/the-travel-stocks-making-the-most-of-the-recovery/
Roll on £19
Jet2 is likely to break all time high this year if nothing unexpected happens IMO.
I've been investing for forty years but have'nt seen so many bargains in the UK market as now. Jet2 is one example IMO.
£20 by July when finals are announced IMO.
Next stop £17 dyor
Jet2 has exellent growth prospects for the foreseeable future and is backed by good NAV and a huge amount of cash pile.
So Jet2's EPS are 3 times more than EZJ from Sep. to Sep. 2023. EZJ shares are very good value but Jet2 are a bargain IMO.
EPS 2.01 is probably for trailing twelve months to Sep. 2023. If their year end was Sep. like Easyjet than Jet2 would have already reported EPS of £2.01 for 2023.
DYOR
How Fast Is Jet2 Growing Its Earnings Per Share?
"Over the last three years, Jet2 has grown earnings per share (EPS) at as impressive rate from a relatively low point, resulting in a three year percentage growth rate that isn't particularly indicative of expected future performance. Thus, it makes sense to focus on more recent growth rates, instead. In impressive fashion, Jet2's EPS grew from UK£0.95 to UK£2.01, over the previous 12 months."
https://simplywall.st/stocks/gb/transportation/aim-jet2/jet2-shares/news/if-eps-growth-is-important-to-you-jet2-lonjet2-presents-an-o
Well at a P/E of 10, that would suggest a hefty rise in share price up to that average broker forecast of £19. That would be very welcome! Who forecast £1.92??
Next trading statement could arrive any time in April. It came on 8th in 2022 and 20th in 2023. There's no fixed date so could come in the beginning of the month. Some brokers are forecasting earnings of 192p per share.
Analysts forecasts.
The average price target is 1,905.58p with a high forecast of 2,023.83p and a low forecast of 1,750.00p.
Easy mistake, the internet can be just one big recycling bin, this year will be a lot better to 2022 though.
I do think the market hasn't quite appreciated the net cash position here of approx £2bn. The enterprise value is around £1.2bn to the mark Cap of £3bn. I know they have forward liabilities etc but in 2019 the net cash was £68m - that's a massive difference.