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Shares of UK travel company Jet2 fall as global concerns and delayed bookings weigh.

Jet2, a British low-cost travel and airline company, said that it was too early to make a forecast of the fiscal year 2026 due to uncertainty in the global economy and delayed bookings. Shares fell sharply on Wednesday as a result.

Bookings may be further affected by a heatwave in Europe, wildfires across France and Greece and geopolitical disruptions.

Jet2 announced in a press release that bookings for summer 2025 are still being made nearer departure. The airline's summer seat capacity has been revised downwards to approximately 18.5 million seats, down from the 18,6 million originally guided in April.

A majority of the 5,8 million seats available for winter 2025/2026 have yet to be sold.

The shares of the company known for its low-cost flights and holiday packages fell as much as 8,4% and were trading at a 5.7% loss by 0732 GMT.

The continued trend of later bookings combined with geopolitical risk and an economic environment in flux could affect consumer sentiment during the critical summer months, said Julie Palmer, partner, Begbies Traynor.

Jet2 stated that customers would still be willing to travel overseas if prices were attractive and that the company was currently performing in line with expectations.

Richard Hunter, Interactive Investor's head of markets, attributed part of the decline in Jet2 shares to profit-taking. Shares are up nearly 12% this year.

Jet2 has reported an 11 percent increase in its annual profit, before FX revaluation or tax, to 577.7 millions pounds ($785.2) for the fiscal year ending March 31. It also increased its dividend to 16.5 pence a share.

The market expects the profit to be 579 million pounds in 2026. $1 = 0.7357 pound (reporting and editing by Sumana Nady and Rachna uppal in Bengaluru)

(source: Reuters)