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Jet2

#2836

Rank

$5.08B

Marketcap

GB United Kingdom

Country

Jet2
Leadership team

Mr. Philip Hugh Meeson (Exec. Chairman)

Mr. Stephen Paul Heapy (CEO & Exec. Director)

Mr. Gary Brown (Group CFO & Exec. Director)

Products/ Services
Airlines
Number of Employees
1,000 - 20,000
Headquarters
Stockport, Stockport, United Kingdom
Established
1977
Revenue
Above - 1B
Traded as
JET2.L
Social Media
Overview
Location
Summary
Jet2 plc, together with its subsidiaries, engages in the leisure travel business in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations. The company was formerly known as Dart Group PLC and changed its name to Jet2 plc in September 2020. Jet2 plc was founded in 1971 and is based in Leeds, the United Kingdom.
History

Origins

Jet2.com Limited is a subsidiary of Jet2 plc, an aviation services group. The airline began operating commercial aircraft in 1983 under the name Channel Express, when it was purchased by the Dart Group's current Executive Chairman, Philip Meeson. Initially, a freight operator, from 2001 the airline also began operating passenger charter services using Boeing aircraft to international destinations on mainly short and medium-haul routes.

Formative years

In 2002, Channel Express established the Jet2.com brand from Leeds Bradford International Airport. The re-branded Jet2.com began operating as a leisure airline with its first flight from Leeds Bradford to Amsterdam on 12 February 2003, which operated a twice-daily rotation with two Boeing 737-300 aircraft. During 2003, further scheduled flights were launched to seven European sun and city break destinations.

In 2004, a second base was opened at Manchester Airport with the airline operating from Terminal 1. The airline also acquired further Boeing 737 and 757 aircraft and opened a base at Belfast International Airport. In 2005, Jet2.com opened a third base at Newcastle upon Tyne. Later in the year, the company acquired two Boeing 757-200 aircraft, enabling it to fly medium-long haul destinations as well as carrying more passengers on popular existing routes. These aircraft helped the company to open two more bases at Blackpool and Edinburgh. In 2006, the company relocated from Bournemouth to Leeds and was renamed Jet2.com Limited.

Expansion

In November 2008, Jet2.com changed its slogan from "The North's Low Cost Airline" to "Friendly Low Fares". This preceded the announcement of opening a hub at East Midlands Airport, the first of the airline's hubs outside the North of England and Scotland. The base at East Midlands Airport opened in May 2010.During November and December 2008 the airline operated four direct flights from Leeds Bradford to Newark Liberty International Airport using Boeing 757-200s, with a series of flights also planned from both Leeds Bradford and Newcastle during December 2010. Once again, Jet2.com re-introduced seasonal Christmas flights to New York during the 2012 winter season, however, this time flights would operate from Glasgow, East Midlands and Newcastle, in addition to Leeds. The seasonal flights to New York have continued annually and now run from five of its UK bases.

In 2010, the airline announced an eighth base at Glasgow Airport would be opened in April 2011, with an initial nine routes. The base was opened on 31 March, slightly earlier than scheduled. In January 2011, the airline introduced second-hand Boeing 737-800 aircraft into its fleet. This provided aircraft larger than its existing 737-300s yet smaller than its 757-200 aircraft.

Jet2.com carried over 600,000 passengers in its first year of operation and over nine million passengers during 2017; its highest recorded total.On 17 September 2016, the airline received its first brand new Boeing 737-800 of the order for thirty made in 2015. In September 2016, Jet2.com announced it would begin operations from Birmingham Airport and London Stansted Airport in March 2017. In November 2016, Jet2.com opened its new maintenance hangar at Manchester Airport. In December 2016, Jet2.com announced that it had ordered a further four Boeing 737-800 aircraft, bringing the total on order to 34.

Recent years

In 2019, Jet2.com received delivery of its 34th new Boeing 737-800 aircraft, taking its permanent and leased fleet size to over 100 aircraft. Also in 2019, Jet2.com carried a record 14.39 million passengers on 82,931 flights. This was an increase of over 18% over the year prior.Owing to the COVID-19 pandemic's impact on aviation, Jet2.com announced they were suspending flight operations until at least 15 July 2020. The airline continued to operate repatriation flights for British citizens overseas. On 17 Aug 2020, Jet2 announced via BALPA, that they would be laying off 102 pilots from various UK bases, due to the COVID-19 pandemic.On 11 November 2020, Jet2.com and Jet2holidays announced that they would open their tenth UK base at Bristol Airport on 1 July 2021, operating to 33 destinations.In June 2021, Jet2.com announced that it had pushed back a planned restart of operations to 1 July 2021 in the wake of the latest changes to government travel regulations. In September 2021, Jet2.com announced an order for 36 Airbus A321neo aircraft, plus 24 options, totalling purchasing power for 60 planes. Although Jet2 has operated a small number of Airbus jets on lease to cope with summer demand, this is Airbus' first direct order from Jet2, and a shift away from the company's traditionally all-Boeing fleet.

Mission
At Jet2.com we’re driven by a simple mission – to make our customers smile. We strive to make every journey with us easy, enjoyable and stress-free - from the moment you book, to the moment you arrive safely at your destination.
Vision
Our vision is to bring people together and make great holidays affordable for everyone. We are committed to delivering our customers excellent service, quality holidays and great value for money, every time.
Key Team

Mr. Ian Day (Group Company Sec.)

Recognition and Awards
Jet2.com has won multiple awards over the years, including the prestigious 'Best Airport Airline' accolade from the Global Travel Awards in 2018. Jet2.com has also been voted Best UK Airline at the TripAdvisor Travellers' Choice Awards in 2015, 2017 and 2018.
References

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Jet2
Leadership team

Mr. Philip Hugh Meeson (Exec. Chairman)

Mr. Stephen Paul Heapy (CEO & Exec. Director)

Mr. Gary Brown (Group CFO & Exec. Director)

Products/ Services
Airlines
Number of Employees
1,000 - 20,000
Headquarters
Stockport, Stockport, United Kingdom
Established
1977
Revenue
Above - 1B
Traded as
JET2.L
Social Media