London, February 16, 2026, 15:01 GMT — Regular session
- Jet2 shares picked up roughly 2.3% in Monday’s London session.
- The company revealed it’s made more purchases as part of its £100 million share buyback programme.
- Jet2’s trading update lands Feb. 25, with investors watching closely for any signs on demand or pricing.
Jet2 JET2.L rose 2.3% to 1,297 pence as of 1501 GMT on Monday. The move followed fresh share purchases by the UK leisure airline and package-holidays group, continuing its active buyback programme.
The filing drops right as investors begin scouring for clues about summer demand—the make-or-break season for airlines and tour firms. Jet2 is set to release its trading update on Feb. 25.
When a company buys back its own shares—usually to cancel them—the move shrinks the pool of stock on the market and can boost earnings per share. Still, the buyback itself doesn’t affect how many people want to book flights or holidays.
Jet2 disclosed in a regulatory filing that it picked up 68,342 shares on Feb. 13, with prices landing from £12.39 up to £12.69, and a volume-weighted average coming out at £12.5922. The company intends to cancel these shares, which will bring its total outstanding to 195,645,510.
Jet2 kicked off its buyback programme last November, setting a ceiling of £100 million, with trading scheduled to start Dec. 1 and wrap up no later than June 30. Jefferies International handles the purchases, sticking to predetermined limits. Jet2, meanwhile, is also moving ahead with plans to open a London Gatwick base on March 26, a step forward in its UK expansion.
Jet2 shares, part of the FTSE AIM 100, are trading far under their 52-week peak of 1,959 pence, per market data, even after climbing back from the year’s low at 1,088 pence.
Fuel is still a major variable for airline profits. Brent crude hovered close to $68 a barrel on Monday, with traders eyeing developments in U.S.-Iran nuclear negotiations and any changes in OPEC+ supply strategy.
Shares were changing hands above the average buyback price announced Monday, forcing investors to consider just how much the program might actually shore things up if sentiment sours.
But when demand slips or costs start to sting, buybacks barely make a ripple. Margins in leisure travel react fast—fuel swings, a shaky pound, or last-minute shifts in what consumers spend can all take a bite.
Jet2’s next trading update lands Feb. 25, and attention is already shifting to how summer bookings are shaping up, where prices are heading, and what’s happening with costs. March 26 brings the Gatwick launch, and the company’s full-year results are slated for July.
