Strategic Growth Potential: Jet2 PLC’s Expansion at Gatwick Airport
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James Wheatcroft from Jefferies has maintained a Buy rating on Jet2 PLC with a price target of £2,100. The company's strategic decision to establish a new base at Gatwick Airport is expected to enhance its market presence, supported by Gatwick's large catchment area. This expansion aligns with Jet2's fleet growth plans, despite initial start-up costs and projected first-year losses. The lack of comments on current trading indicates confidence in meeting expectations, contributing to a positive outlook for Jet2's future performance.
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