Jet2 has confirmed in its latest performance update that it has extended its existing deal with Airbus to purchase 12 more A320neo family aircraft.
The details were laid out in Jet2’s interim results for the six months leading up to September 30, 2023, which also saw group operating profits increase by 19% to £617 million ($773.4 million).
As part of Jet2’s sustainability strategy the airline now has 110 Airbus A320neo family aircraft on order, with the possibility of still extending to 146 jets.
“These aircraft have reduced fuel consumption and resultant carbon emissions per seat, plus a much lower noise footprint against previous generation single aisle aircraft models and will enable Jet2.com and Jet2holidays to grow more sustainably,” the latest report on November 20, 2023, stated.
Jet2 has already received the first five of its brand new A321neo jets, the first of which arrived to much jubilation on May 10, 2023. A further six are due to arrive in 2024.
In August 2021, Jet2 made its first order for A320neo planes with an agreement for 36 A321neo jets, followed by further commitments along the way.
Then in October 2022 the airline placed an incremental order for 35 A320neo aircraft taking its total commitment to 98 planes.
Capital expenditure of £182 million ($228 million) in the six months leading up to September 2023, represented balance payments for Airbus A321neo deliveries in the period, together with pre-delivery payments for future aircraft deliveries.
Overall, the Jet2 group said losses are to be expected in the second half of the financial year, as it moves away from its peak revenue season, invests in more planes and ramps up marketing for summer holidays in 2024.
“We are pleased to have delivered another strong financial performance during the first half of the financial year, despite the well-publicized external challenges faced. This clearly demonstrates that our end-to-end package holiday is a popular and resilient product and is the right product for price conscious customers,” Steve Heapy, Chief Executive Officer of Jet2, said.
