Image source: Getty Images
Jet2 (LSE:JET2) is not a FTSE airline/travel company I had considered investing in until recently. However, it was really a case of discovery. The stock has surged 31% over the past month, but I still think it could go much higher. Here’s why.
Strong recovery and impressive progress
Jet2’s turnaround since the pandemic has been nothing short of remarkable. Revenues bounced from just £395m in 2021 to a projected £8.6bn by 2027, reflecting not only a recovery in demand but also the group’s well-managed expansion strategy. EBITDA is forecast to rise from negative territory in 2021 to £910m by 2027, while net income is expected to top £470m in the same year. This is all taking place while the firm continues to invest in its fleet and offering.
Net cash sweetens the deal
One of Jet2’s standout financial features is its net cash position. From 2023 onwards, the…
