Jet2 hopes to report a group profit of between £387 million (US$ 461 million) and £392 million for the twelve-month period up to March 31 2023.
The amount, which would be "before foreign exchange revaluation and taxation", will come at the end of a year when the British travel and airline business was left with £2.62bn, of which £1.12bn was listed as an ‘own cash’ balance, excluding customer advance deposits.
The results are to be announced in July, Jet2 said on April 20.
The group said its on-sale seat capacity for summer 2023 is 7.2% higher than the previous summer and described its forward bookings as "encouraging".
The mix of package holiday customers represented "just over 75% of total departing passengers", Jet said, five percentage points (ppts) higher than summer 2022. The average load factor for summer 2023 is 0.7 ppts ahead of the year before.
"Although the group is facing input cost pressures including fuel, carbon taxes, a strengthened US dollar and wage increases, plus investment to ensure our colleagues can thrive and have a balanced lifestyle, pricing for both our package holiday and flight‐only products remains strong," Jet2 said.
Announcing itself "pleased with the current position", the group cautioned that it was too soon to add any guidance for the year to March 2024.
"But with the new financial year having only recently commenced, the continued threat of summer European air traffic control disruption, and over 40% of the summer 23 season plus the majority of winter 23/24 still to sell, it is too early to provide definitive guidance as to group profitability for the financial year", the statement said.