Jet2 has announced that more than 5,700 staff members will share in a £58m windfall, following the maturity of its first ShareSave scheme, highlighting the growing role of employee ownership and reward in financial wellbeing strategies.
The three-year scheme, launched in August 2022, allowed Jet2 employees to buy shares at a discounted rate of £7.66 each. With the company’s share price up 84% since launch, employees who joined the scheme are now seeing significant returns.
A participant investing the average £227 a month stands to gain around £6,922 from their £8,172 investment, while those saving the maximum £500 a month could make a gain of approximately £15,261 if they sell.
Following strong uptake, Jet2 has since launched three additional ShareSave schemes, with more than 8,900 employees now participating. Each allows colleagues to buy shares at a 20% discount on the share price at the start of the scheme.
The initiative sits alongside a profit share scheme for non-management staff, a management bonus scheme and a compounded salary increase of 28% over four years. Together, these measures form part of Jet2’s broader approach to reward and recognition, a key element of workplace wellbeing that supports financial security and engagement.
Jet2 CEO, Steve Heapy, said:
“We continue to grow and succeed by focusing on a simple philosophy of people, service and profits – and we are delighted that our hard-working colleagues can share in the success that they helped create. Their passion and dedication to delivering industry-leading customer service is what drives our continued success, so we are incredibly pleased to see that effort rewarded through our ShareSave scheme.”
Employee share ownership schemes have been linked to stronger engagement, retention and wellbeing outcomes – particularly as more organisations look to strengthen financial resilience among staff amid ongoing cost-of-living pressures.
