Jet2's Guidance Cut a Bad Sign for Airline Peers -- Market Talk

Dow Jones
Sep 04

0929 GMT - Jet2's expectations for earnings before interest and taxes at the low end of its guidance range and cut to its winter seat sales guidance will cast a shadow on airline peers, RBC's Ruairi Cullinane and Jakub Glinkowski write. The U.K. holiday company has robust growth and value creation history, but cheaper enterprise value multiples, the analysts say. The market will interpret Jet2's lower guidance as negative for peers like easyJet, they add. European airline shares fell Thursday, with easyJet down 3.3% and Ryanair and Lufthansa falling 2.7% and 1.8%, respectively. Meanwhile, British Airways owner IAG shares are 1% lower. Jet2 is trading down 14% at 1,394 pence, marking its lowest price since April. (aimee.look@wsj.com)

 

(END) Dow Jones Newswires

September 04, 2025 05:32 ET (09:32 GMT)

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