MARKET REPORT: Shares in airline Jet2 plunge

Shares in airline Jet2 plunged yesterday as it announced a £422m share issue to help the business ride out the pandemic.  Bosses said the new equity gave it enough liquidity to see it through an extended and unpredictable shutdown, but maintained a cautious approach to the 2021 summer season.  The new shares, at a price … Read more

Jet2 raises £422m from investors after extending flight cancellations

Budget airline Jet2 taps up investors for £422m finance lifeline days after it cancelled all flights until 14 April More than 35m placing shares and about 600,000 retail shares were offered   Jet2 flights were stopped last March before restarting gradually from mid-July   The firm made a pre-tax loss of £68.7million in its most recent half-year … Read more

Jet2 cancels all holidays and flights until April 14 due to new travel restrictions

Jet2 has cancelled all holidays and flights until April 14 due to travel restrictions and growing uncertainty over when lockdown will end.  The holiday giant said it was handing out full refunds for holidaymakers who have had their travel plans scrapped. Jet2 had previously announced plans to suspend their services until late March, but the … Read more

Drunk Jet2 passenger avoids jail after leering at air hostess on flight from Manchester to Budapest

Kieran Jones, 27, binged on spirits, threw crisps across the plane and leered at flight attendant Beth Rose while she served drinks on a Jet 2 flight from Manchester to Budapest, Hungary, in September 2019 A ‘loutish’ Brit who brought misery to a holiday jet after he got drunk on gin and tonic, hurled crisps … Read more

The Holiday Guru tackles lockdown issues from bike-ride rules to Jet2 refunds

The Holiday Guru is always on hand to answer your questions.  This week he explains how far from home we can go on day trips, lockdown flight refund rules and more.  Q. I like cycling but enjoy different scenery. How far can I go on a day trip from home? Ken Warnock, via email. One … Read more

The Holiday Guru answers to travellers’ lockdown questions from bike rides to Jet2 refunds

The Holiday Guru is always on hand to answer your questions.  This week he explains how far from home we can go on day trips, lockdown flight refund rules and more.  Q. I like cycling but enjoy different scenery. How far can I go on a day trip from home? Ken Warnock, via email. One … Read more

Lastminute.com, Teletext Holidays and Ryanair among the worst for refunds, BA, Jet2, Airbnb the best

The travel firms that are least likely to have paid out full refunds for trips cancelled due to coronavirus have been revealed. A major survey asked travellers who had bookings cancelled by firms whether they had received a full refund. And in the results, which cover 64 companies, Lastminute.com, Teletext Holidays, Love Holidays and Ryanair … Read more

Two men are jailed after grappling with Jet2 cabin staff when they were refused bottle of champagne

A drunken Afghanistan veteran and his friends sparked mayhem on a holiday jet with their ‘loutish, terrifying and disruptive’ behaviour after they tried to evade a ‘one drink only’ rule by asking cabin crew for a whole bottle of champagne. Ex-solder Daniel Naylor and Daniel Keigher were jailed yesterday after the court heard they unleashed … Read more

Jet2 cautious for 2021 as it reveals a first-half loss of £111.2m

Jet2 cautious for 2021 as it reveals a first-half loss of £111.2m with just 900,000 passengers flying compared to more than 10m a year earlier By City & Finance Reporter for the Daily Mail Published: 21:21 GMT, 19 November 2020 | Updated: 21:21 GMT, 19 November 2020 Jet2 has revealed a first-half loss and cautioned … Read more

Holiday and airline firm Jet2 reports £111 million LOSS due to Covid

Holiday and airline firm Jet2 reports £111 million LOSS due to Covid pandemic as restrictions on travel continues to cripple tourism industry Jet2 reported operating losses of £111.2m for the six months to September 30 The holidays and airline group remains cautious over the summer 2021 season  Rival easyJet this week revealed the first ever … Read more