Jet2 Share Price (JET2)

Massively over sold last week, £16-18 easily achievable short term.

Agreed, I've upped my holdings also.

It's definitely oversold imo and I've increased my holding.

Trading updates, spot the difference.

"Year ending 31 March 2024 (FY24)

On sale seat capacity for Summer 2023 is currently 7.2% higher than Summer 2022 at 15.26m seats. Forward bookings to date remain encouraging, with the mix of Package Holiday customers representing just over 75% of total departing passengers and 5ppts higher than Summer 2022 at the same point. In addition, average load factors for Summer 2023 are currently 0.7ppts ahead of Summer 2022."

"Year ending 31 March 2025 (FY25)

On sale seat capacity for Summer 2024 is currently 12.3% higher than Summer 2023 at 17.1m seats. The season is 55% sold, with average load factors 1.0ppt ahead of Summer 2023 at the same point. Forward bookings for package holiday customers are up by 13% and we are also seeing healthy demand from flight-only passengers for which bookings are currently up by over 18%. Consequently, the package holiday mix of total departing passengers is 74% and 1ppt below last year."

As reported " Since February, we have taken delivery of a further two new CFM powered A321neo aircraft from Airbus in line with our agreed delivery schedule, with both paid for from our own cash reserves."

In addition they will have paid to block book hotel accommodation for the summer season, which will be recouped from customers ..The bit of the RNS which has prompted the selloff is this "although recently, pricing has been more competitive, particularly for April and May departures."ie they are probably cutting prices...