Brexit Dampens UK Airline Jet2’s Optimism
Photo Credit: An aircraft with Jet2holidays livery. Parent company Dart Group has reported a steep wise in profit but warned of headwinds to come. Flickr / Alan Wilson
Skift Take
Jet2 has big ambitions for its leisure travel division and Brexit, plus other factors, have the potential to derail things. It makes planning for the future very difficult.
With profit and revenue both rising at a considerable rate, it would seem all is well at leisure travel operator Jet2 but the looming uncertainty of Brexit continues to hang over the company, as it does the rest of the industry.
The UK’s departure from the European Union isn’t the only problem facing the travel industry. Dart Group, Jet2’s parent company, included a long list of cost pressures in its first-half market update. They include: rising fuel prices, product innovation and employment issues. All of which threaten its expansion plans.
Jet2 is effectively two businesses — an airline and a package holiday operator — and over the
