Leisure airline Jet2 returned to profit in the FY ending March 2023 with a pre-tax profit of £371 million from a £388.8m loss in 2021-2022. The airline posted an increase in revenue from £1.23 billion to £5.03bn and was 40% up on the £3.58bn in the pre-pandemic year of 2019-2020. Pre-tax profit increased 142% from £153.2m in 2019-2020. The rebound in consumer confidence to travel helped to significantly improve financial performance as Group profit before FX revaluation and taxation increased to £390.8m† (2022: £376.2m loss†) which was 48% higher than the pre-Covid financial year ended 31 March 2020 reporting period.

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