Jet2 shares plunge after grim update, dragging down airline sector

Jet2

04/09/2025 08:06

MILAN, Sept 4 (Reuters) - Shares in Jet2 JET2.L fell as much as 25% on Thursday after a disappointing update from the British low-cost airline and travel firm, whose forecast also weighed on other airline stocks.

Jet2 predicted full-year operating profit to come in towards the lower end of its guidance, citing limited booking visibility and unsold seats for the summer and winter seasons.

The stock was last down 14% in London, off earlier lows. Among other travel stocks, easyJet EZJ.L fell 4.5%, IAG ICAG.AM was down around 2%, and Lufthansa LHAG.DE dropped 1.9%.

 (Reporting by Danilo Masoni; editing by Dhara Ranasinghe)

 ((Danilo.Masoni@TR.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net))