This strong cash performance reflects net cash inflows of £39.2m. We do not anticipate a similar level of cash generation in FY16 as capital expenditure relating to new aircraft, IT and logistics is likely to increase to around £125m and we expect a broadly cash neutral pattern over the year.
16 Jul 2015
Strong momentum into FY16; earnings forecast +16%
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Strong momentum into FY16; earnings forecast +16%
Jet2 PLC (JET2:LON) | 1,440 0 0.0% | Mkt Cap: 3,092m
- Published:
16 Jul 2015 -
Author:
Ben Thefaut -
Pages:
3
This strong cash performance reflects net cash inflows of £39.2m. We do not anticipate a similar level of cash generation in FY16 as capital expenditure relating to new aircraft, IT and logistics is likely to increase to around £125m and we expect a broadly cash neutral pattern over the year.