Jet2 to get a tailwind lift in tomorrow's update, brokers suggest
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Jet2 PLC is expected to release a strong trading update, with Deutsche Bank forecasting a 4% profit growth for the first half. Positive market conditions, increased ATOL, a new base in Luton, and a partial repurchase of convertible bonds are contributing factors.
November 20, 2024 | 2:45 pm
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Jet2 PLC is expected to report a strong trading update with a 4% profit growth forecasted by Deutsche Bank. Positive factors include favorable market conditions, increased ATOL, a new base in Luton, and a partial repurchase of convertible bonds.
Deutsche Bank's forecast of a 4% profit growth indicates strong performance. The favorable market conditions, expansion plans, and strategic financial moves like bond repurchase are likely to positively impact Jet2's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100