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It’s going to go up. My target £18-22 in the next 12 months. No reason for us to be at near cash value other than the markets are holding it back. Look at TUI no way should they be near £6 more like £2 but the big players are pumping it to get out before TUI uk fold.
https://www.ttgmedia.com/news/jet2-invests-in-development-of-saf-production-plant-in-cheshire-39907
Jet2 always makes a loss in the winter as the business model is geared to high summer peak bookings/profit and in the winter the route structure isn’t as busy. That however is about to change as they look to bolster the winter sun program with Cape Verde and possibly other winter sun favourites further afield.