Jet2 plc, the parent of leisure airline Jet2.com and tour operator Jet2holidays, was named AIM Growth Business of the Year at the AIM Awards 2024.
The AIM awards, sponsored by BDO in association with the London Stock Exchange, identify those companies who have harnessed AIM – Alternative Investment Market – to help them fulfil their ambitions and growth potential in the last 12 months.
The judging criteria for the winner of the Growth Business of the Year are to have achieved exceptional, consistent growth in turnover and profitability for at least the past three years.
Furthermore, this growth will have been achieved through market disruption, and clear innovation in product or service, backed up by a sustainable growth strategy which has been implemented by a high quality management team.
The organisers also widened the criteria this year to give full emphasis to ESG considerations, covering environmental issues, along with social issues and governance matters.
Jet2 plc was praised for recording another year of positive performance, making strong progress against its growth strategy, delivering record passenger numbers, revenues and profitability.
Overall group revenue increased 24% and there was an increase in group profit before foreign exchange revaluation of 33%.
Jet2’s sustainability commitments were also highlighted, including its firm order of up to 146 Airbus A321neo aircraft, which have a 20% per seat reduction in fuel and carbon emissions and a 50% reduction in noise footprint compared to older aircraft, as well as its journey towards a minimum of 15% of Sustainable Aviation Fuel (SAF) in the fuel mix by 2035.
Gary Brown, group chief financial officer of Jet2 plc, who accepted the award, said: “Our strategy remains consistent, which is to be the UK’s leading and best leisure travel business, and this award is testament to our brilliant colleagues who work tirelessly to create countless positive memories for our customers.”