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Britain’s Jet2 Says Winter Bookings Encouraging, Travel Season Delayed

Por Sarah Young

LONDON, Apr 27 (Reuters) – British airline Jet2 said bookings for winter and summer 2022 were promising, but had less visibility on more immediate travel as passengers delay holidays due to uncertainty. which jeopardizes the forecasts of a good high season.

Travel recovery from the pandemic was originally expected to start in late May, but restrictions being applied across Europe and a lack of clarity on when they will be eased have pushed back the schedule.

Some airlines and tourism companies are discarding the start of the summer season and are focusing on the end of summer, with the expectation that the travel peak will extend into the fall of this year.

Jet2 has already canceled holiday trips until June 24, in the hope that by then the British government will have clarified where you can travel.

Another British travel company, Thomas Cook, which offers travel over the Internet, stated that 30% of its total bookings were for September and October, a much higher proportion than would be expected for those months, as people trust more in being able to travel then.

Jet2, based in Leeds, North England, said that for the 12 months ending in March 2021, it would post a loss of between 375 million pounds ($ 521 million) and 385 million pounds, which, according to analysts beat the consensus forecast for a loss of 470 million pounds.

Jet2 said it had a liquidity of 1.06 billion pounds, which, according to analysts at Jefferies, means it could survive for about 15 months without flying.

“Given the near-term uncertainty, customers are booking significantly closer to the end of summer 21,” Jet2 said in its statement Tuesday.

“We remain encouraged by the volume of customer bookings for both Winter 21/22 and Summer 22,” the company added.

(Reported by Sarah Young; edited by Kate Holton; translated by Flora Gómez at the Gdansk newsroom)

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