Airline and package holidays provider Jet2 (JET2:AIM) is expected to report between £387 million and £395 million pre-tax profit before foreign exchange adjustments on 6 July when it publishes full-year results to 31 March 2023.

The company last updated on trading on 20 April when it came across as upbeat despite flagging cost pressures from fuel, carbon taxes, a higher US dollar and wages. It said pricing for flights and package holidays remained ‘strong’ and margins were ‘encouraging’.

Like many of its rivals, Jet2 has been increasing capacity versus pre-pandemic levels in a bid to capitalise on more people wanting to get away for a week of sea and sun. It makes higher profit margins when someone books a package holiday and the percentage of departing passengers in this category hit 65.9% at the half-year stage versus 52.8% in the 2019 comparative period.

Shares in Jet2 started the year well, rising from circa 940p in January to £13.80 in March, but they have since drifted sideways in a small trading range despite positive messages from the company and the airline industry in general.

Investors appear to be concerned that the ongoing rise in interest rates could deter some people from booking holidays this year. That means a key focus in Jet2’s forthcoming results will be on summer bookings, to see if the rebound in travel demand is sustainable.

UK UPDATES OVER THE NEXT 7 DAYS

FULL-YEAR RESULTS

July 3: Duke Royalty Limited, Mercia Asset Management

July 5: Supreme, Redde Northgate, AO World

July 6: PayPoint, Currys, Jet2, Naked Wines

HALF-YEAR RESULTS

June 30: Audioboom, Faron Pharmaceuticals

July 3: Porvair, Kitwave

TRADING ANNOUNCEMENTS

July 3: Sainsbury’s

July 6: Persimmon, Robert Walters

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