The package holiday giant confirms plans to leave AIM for the Main Market just as it reports another summer of resilient demand.
Jet2 (AIM: JET2) has confirmed it intends to move from AIM to the Main Market's commercial companies category before the end of its current financial year, in a move it says better reflects its scale after a decade of rapid expansion.
The announcement came alongside a trading update showing seat capacity for summer 2026 up 7.6% year-on-year to 19.9 million seats, with passengers booked to date ahead 8.8% and load factors 1.5 percentage points higher than last year, underlining the resilience of consumer demand for package holidays despite a tougher UK economic backdrop.
Jet2 is currently the second-largest company on AIM by market capitalisation, behind Greatland Resources, and its departure would mark another high-profile loss for the junior market, which has seen a steady stream of companies migrate to the Main Market or delist entirely in recent years. Revenue has grown at a compound annual rate of 19% over the past ten years, a pace of expansion the company says has outgrown what AIM can offer in terms of investor reach.
The group's newer London Gatwick base is outperforming expectations, helped by a stronger package holiday mix, prompting Jet2 to lift its Gatwick-based fleet to seven aircraft for summer 2027. Early indications for winter bookings also point to further growth, with capacity up 8% and Gatwick again leading the increase, while customers continue to book closer to their departure dates.
On costs, Jet2 has hedged 93% of its jet fuel requirements for the year at an average price of $753, alongside more than 90% of its currency exposure, giving management a high degree of visibility over margins. The Main Market move is expected to complete before the current financial year end, positioning Jet2 for inclusion in a broader range of institutional and index-tracking portfolios.
This report is based on Jet2 plc’s announcement and coverage by UK Investor Magazine. Company announcements can be tracked via London Stock Exchange RNS and Investegate, and the full results calendar is worth watching for the next update.
This article is for general information only and does not constitute investment advice or a recommendation to buy or sell any security. Photo: Pascal Meier on Unsplash.
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