reports losses but remains optimistic | News

Following what the corporate referred to as a “length of remarkable operational and monetary demanding situations,” has reported a lack of £374 million for monetary 2021.

The determine compares to a benefit of £264 million for 2020.

The recreational operator flew a complete of one.32 million unmarried sector passengers this 12 months, down 91 in keeping with cent from the 14.6 million welcomed final 12 months.

Jet2holidays package deal vacation consumers represented 58 in keeping with cent of passengers.

Income at Jet slipped 89 in keeping with cent, all the way down to £395 in 2021 from £3.6 billion in 2020.

Having a look forward, Jet2 chairman, Philip Meeson, remained positive.

He mentioned: “Bookings for summer time 2022, for which package deal vacation bookings are exhibiting a materially upper mixture of the whole, are encouraging and with the vaccination growth being made, we’re positive that summer time 2022 can be a substantial growth on each summer time 2020 and summer time 2021.”

He added: “We consider alternatives for financially sturdy, resilient and relied on operators will simplest building up as restrictions are lifted.

“Given the numerous movements now we have taken to scrupulously offer protection to our money stability and to give a boost to our to be had liquidity and with our personal money stability as at July 4th of £1.4 billion, we’re neatly positioned to reply hastily as the rest UK govt go back and forth restrictions are after all comfortable and buyer self belief recovers.”

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