Jet2 PLC reported FY26 operating profit of £439.6m, a 2% decline from £446.5m in FY25, while achieving record revenue of £7,482.1m and 20.83m flown passengers. The profit dip absorbed £11m in Gatwick start-up costs and £50m of industry-wide cost increases from employment taxes and SAF premiums. Summer 2026 on-sale capacity rose 7.7% to 19.9m seats, with bookings up 7.1% year-on-year as reduced Middle East tensions accelerated late booking momentum. The airline launched a £250m share buyback, backed by £3.29bn total cash and £2.01bn net cash, signaling resilience despite pre-tax profit falling 7% to £551m. Shares jumped 16% to 1,581 pence, reflecting market confidence in the leisure travel rebound.