Thousands of employees are set to benefit from a company share scheme worth more than £58 million.

More than 5,700 workers at Jet2 plc are in line for a payout through the company’s ShareSave scheme.

Launched in August 2022, the scheme allowed employees to purchase shares at a discounted rate of £7.66 each.

Steve Heapy, CEO of Jet2 plc, said: “We continue to grow and succeed by focusing on a simple philosophy of People, Service, Profits and we are delighted that our hard-working colleagues can share in the success that they helped create.

“Their passion and tireless dedication to delivering industry-leading levels of customer service is what drives our continued success, so we are incredibly pleased to see that effort rewarded through our ShareSave scheme.”

Since then, the share price has risen by 84 per cent, resulting in a combined return of more than £26 million for participating employees.

An employee who invested the average amount of £227 per month over three years now stands to gain around £6,922 from their £8,172 investment.

Those who contributed the maximum of £500 per month could see returns of around £15,261, if they opt to sell.