Jet2 PLC (AIM:JET2) shares rose 7.2% to 1,100p after it reported excellent trading, with robust demand and pricing combining with a higher package holiday mix to more than offset £13 million of additional costs and lost margin from the air traffic hullabaloo and wildfires in Rhodes.
Full-year profit before tax and forex is expected to be in the range of £480-520 million - dependent on avoiding any "material extraneous events" in the rest of the year.
Summer 2023 on-sale seat capacity remained largely consistent with the number reported at its results in July, up 7.3% higher on Summer 2022.
"Looking forward, we continue to believe that package holidays are the right product for price conscious customers and our ability to offer a wide choice of quality product, together with truly variable duration holidays, enables them to conveniently tailor their holiday plans to suit their individual budgets," Jet2 said.
"Consequently, Summer 2024 is already on sale with growth in seat capacity of approximately 11% and average load factors at this very early stage are slightly ahead of Summer 2023 at the same point."