European airlines fall after Jet2 warns of softer demand

Jet2

04/09/2025 08:41

** European airlines fall after Jet2 JET2.L flags limited booking visibility, unsold seats and cuts outlook

** Shares of British low-cost airline and travel firm Jet2 down 24.5% at 1,218 pence

** Jet2 sees annual operating profit towards lower end of consensus range of 449 million pounds to 496 million pounds; reduces winter 25/26 seat capacity to 5.6 million from 5.8 million

** FTSE 100 constituent Easyjet EZJ.L falls 4.3% and leads index losses, while IAG ICAG.L falls 2.1%

** London-listed Wizz Air WIZZ.L falls 3.2%, Germany's TUI TUI1n.DE falls 4.7% and Ryanair RYA.I falls 2.7%

** Jefferies says Jet2's update points to later-than-usual summer 2025 bookings, weaker flight-only prices and shift in flight-only mix, while early winter commentary suggest further price softness

** YTD, Jet2 up 1.9%, Wizz down 7.5%, ICAG up 27.9%, EZJ fall 16.1%

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com;))