Low-cost UK carrier Jet2.com will open its first base in London at Stansted Airport, with flights set to commence in the second quarter of 2017.
The new Stansted operation represents the airline’s ninth UK base.
Speaking at the airline’s annual general meeting, Philip Meeson, chairman and CEO of Jet2.com’s parent company, Dart Group, said: “We believe that London Stansted has great potential for our holiday business, serving the populations of North and East London and the East of England.
“In view of the significant investment which will be committed in the second half of this financial year to launch our London Stansted and recently announced Birmingham Airport bases, it is likely that Group operating profit will be slightly behind current market expectations despite the good trading performance achieved in the year to date.”
The Group will provide a further update when it announces its interim results for the six months ending 30 September on 17 November.
Discussing the airline’s current business outlook, Meeson said: “Though airline ticket yields and load factors are slightly lower than those achieved in summer 2015, this is against a backdrop of a 13% increase in seat capacity. Leisure Travel bookings for winter 2016/17 are satisfactory at this early stage.”