Shares in Jet2 PLC (AIM:JET2) rose 12% to 1,515p after the holiday company and airline pointed to strong summer booking momentum alongside solid annual results.
The group said on-sale capacity for summer 2026 was 7.7% ahead of the same point last year.
Booked-to-date passengers for the summer are up 7.1%, with reduced geopolitical uncertainty driving strong demand in recent weeks.
Average load factor for the first four months of the year is running 1.2 percentage points ahead of the prior year, supported by targeted price investment.
Jet2 said it remained confident in the resilience of demand, citing its value-led pricing and the agility of its operating model.
The upbeat outlook accompanied full-year results that came in at the top of guidance.
Operating profit reached £440m for the year to March 2026, against an April guidance range of £435m to £440m and £447m a year earlier.
Peel Hunt reiterated its 'buy' rating and 1,800p price target following the numbers.
The broker left its forecasts unchanged, pencilling in operating profit of £240m this year before a recovery to £482m in 2028.
It welcomed a new £250m share buyback announced with the results.
Jet2 is the largest holiday company in the United Kingdom, combining package holidays with an airline.
