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Jet2's profit growth is slowed by booking uncertainty

Jet2, a British low-cost carrier and travel company, forecasted that its full-year operating profits would be at the lower end of their expectations on Thursday. They cited limited visibility in bookings and the fact that seats were still available for summer and winter.

Recent travel companies have been impacted by geopolitical turmoil, rising costs and extreme weather. Travelers book their hotels and flights earlier to avoid unintentional costs.

Jet2 announced in its trading update of Thursday that it has chosen to "exercise capacity discipline" due to a "less certain consumer environment".

The company has reduced the number of seats available for sale from 5,8 million to 5.6 millions in anticipation of the winter season. Its holiday advertising has been a viral sensation on social media.

The company anticipates an operating profit of between 606.55 million pounds and $670.05 for the year ending on March 31, 2026. ($1 = 0.7402 pound) (Reporting and editing by Mrigank Dahniwala in Bengaluru)

(source: Reuters)