London, February 16, 2026, 15:01 GMT — Regular session
- Jet2 shares rose about 2.3% in London trading on Monday.
- The company disclosed another round of purchases under its £100 million share buyback programme.
- Attention turns to Jet2’s Feb. 25 trading update for demand and pricing signals.
Jet2 (JET2.L) shares climbed 2.3% to 1,297 pence by 1501 GMT on Monday, after the UK leisure airline and package-holidays group reported another slice of buying under its ongoing share repurchase programme. (London South East)
The latest filing lands just as investors start looking for early reads on summer demand, a key profit window for carriers and tour operators. Jet2 is due to publish a trading update on Feb. 25. (Jet2 plc)
A share buyback is when a company purchases its own stock, typically cancelling it. That reduces the number of shares outstanding and can lift earnings per share, though it does not change the underlying demand for flights and holidays.
In a regulatory statement, Jet2 said it bought 68,342 shares on Feb. 13 at prices between £12.39 and £12.69, paying a volume-weighted average price of £12.5922. It plans to cancel the shares, taking the number of shares in issue to 195,645,510. (Investegate)
Jet2 launched the buyback programme last November for up to £100 million and said trading was expected to begin on Dec. 1, running until on or before June 30. Jefferies International is executing the purchases within preset limits, while Jet2 has also flagged the start of a London Gatwick base from March 26 as it expands its UK footprint. (Investegate)
The stock, a constituent of the FTSE AIM 100, is still well below its 52-week high of 1,959 pence, despite rebounding from a 52-week low of 1,088 pence, market data showed. (Hargreaves Lansdown)
Fuel remains one of the big swing factors for airline earnings. Brent crude held near $68 a barrel on Monday as traders focused on U.S.-Iran nuclear talks and possible shifts in OPEC+ supply plans. (Reuters)
The shares traded above the average buyback price disclosed on Monday, leaving investors to weigh how much support the programme can offer if sentiment turns.
But buybacks can get drowned out fast if demand softens or costs bite. A swing in fuel, a weaker pound, or late changes in consumer spending can hit margins quickly in leisure travel.
The next catalyst is Jet2’s Feb. 25 trading update, with the market likely to focus on summer bookings, pricing and cost trends. Investors also have the March 26 Gatwick start date and full-year results due in July on the calendar.
