Jet2 (LON: JET2) is flying high (insert comment about travel demand remaining strong despite high inflation)…

While I hate to bang on about it, consumers continuing international travel has been a central theme we have noticed since last year, and it so far, refuses to die down.

The British low-cost airline said in April that forward bookings had remained encouraging, and the data we see backs up the case for Jet2.

Firstly Twitter Mentions…

We use Twitter Mentions as a sign of strengthening or weakening demand. 

In the last month, from May 1 to May 29, mentions of Jet2 on Twitter have surged 74%, suggesting bookings heading into the summer continues to grow.

While the saying “a rising tide lifts all boats” definitely rings true when it comes to the current appetite for travel, some ships are rising faster than others. 

For example, Wizz Air (in particular) and Easyjet mentions have remained relatively subdued (see here), while Jet2 mentions rally.

But that’s not all…

Google Trends (Glimpse) data shows a 13% rise in searches for Jet2 in the past month compared to last year. 

We dug a little deeper and calculated that in the past five months — January 8 to June 3 — Google searches stood at around 2.7 million, up 5% from around 2.57 million searches between January 9 and May 28, 2022 (given the search data, the 2022 period is missing a week or so). 

(However, it’s important to note that it is still slightly below 2020 levels.)

Even so, Semrush data reveals that web visits to both Jet2Holidays.com and Jet2.com remain near all-time highs, despite the slight drop off in the last few months. 

Our View: Jet2 is capitalizing well on the current travel trend, driven by its competitive pricing in a high inflationary environment…

This makes it an attractive option for budget-minded travelers and those looking to spend less due to the current uncertain economic climate. 

As a result, we remain positive on the stock and see Jet2 demand continuing to gain altitude. 

By Sam Boughedda