Brokerages trim PT on UK's Jet2, cite growth slowdown

Peel Hunt

08/09/2025 09:32

** Peel Hunt cuts PT on UK travel firm Jet2 JET2.L to 1,800p from 2,500p; new PT represents 23.6% upside to last close

** Says co's fleet, capacity growth expected to slow in summer 2026 and beyond, while new bases mature, helping sustain high mix of holiday packages

** JET2 marginally rises to 1,467p

** Brokerage says co high-quality group, offering customers great holidays, excellent service; but adds growth has become harder to achieve profitably

** RBC Capital Markets trims PT to 2,150p from 2,200p

** Says several factors weighed on co's fares, including consumer uncertainty, UK's unusually warm summer, increased capacity to certain beach destinations

** Stock rated "buy" on avg; median PT is 2,100p, per data compiled by LSEG

** As of last close, JET2 falls ~8% this year

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))