Philip Meeson, who built Jet2 into Britain's biggest seller of package holidays, will step down as executive chairman and leave the board later this year, the company also said.
The Leeds-based company overtook former package holiday market leader TUI last year, and said it was confident of future demand despite the pressure on disposable incomes from high inflation and rising interest rates.
"The end-to-end package holiday is a resilient and popular product, particularly during difficult economic times," Jet2 said.
For the 12 months to the end of March, Jet2 posted pretax profit before foreign exchange revaluation of 390.8 million pounds ($497 million), within its guidance range of 387-392 million pounds.
($1 = 0.7865 pounds)Reporting by Sarah Young Editing by James Davey, Mark Potter, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
Persons:
Philip Meeson, Meeson, TUI, Jet2, Mark Simpson, Sarah Young, James Davey, Mark Potter, Elaine Hardcastle
Organizations:
Channel, Thomson
Locations:
British, Britain, Leeds, Jet2