Morgan Stanley has initiated coverage on Jet2 Plc with an “Equal Weight” rating and a price target of 1,420p, noting that the airline’s valuation appears fair and current consensus expectations seem credible.
The brokerage acknowledged Jet2’s strong performance in the leisure travel segment, emphasizing its consistent customer satisfaction, operational reliability, and robust market positioning among UK leisure carriers. However, it added that much of the airline’s near-term growth potential is already reflected in current market valuations.
While Morgan Stanley expects steady demand for leisure travel and disciplined capacity management, it also flagged potential risks from fuel price volatility and softer consumer spending trends in the coming quarters.
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