Jet2 reported higher net profit and raised its interim dividend after passenger numbers and passenger revenue rose in the first half of fiscal 2025.

The London-listed leisure-travel group said it made 592.9 million pounds ($750.1 million) in net profit for the half-year to the end of September, compared with 496 million pounds, on revenue which grew 15% to 5.085 billion pounds.

On a pretax basis, profit rose 20% on year to 791.4 million pounds as packaged holiday and flight-only customer numbers grew. Non-ticket revenue per passenger, meanwhile, rose 7% in the period.

The company said it would pay an interim dividend of 4.4 pence per share, up from 4.0 pence a year prior.

The result comes as the company flew 11% more passengers on year for the reporting period.

Jet2 said its on-sale seat capacity for the winter season was ahead of where it was a year ago. Average pricing to date is displaying a modest increase for package holidays, with flight-only slightly ahead.

It added that the company was on track to deliver fiscal-year profit before foreign currency revaluation and taxation for the year ending March 31 ahead of market expectations of 541 million pounds.

The company added that customers' closer to departure booking trend from the summer had continued, leading to demand for its more price sensitive, shorter lead time flight-only product.

Jet2 said that its bookings and pricing so far for summer next year were in line with its expectations and that its on-sale capacity was 9% higher than summer 2024.

Write to Pierre Bertrand at [email protected]