Dart group shares down 20% today as the H1 results were published.
"On an underlying basis, we now expect second half performance to be in line with
last year. This revised expectation is driven principally by a combination of
winter revenues being lower than previously anticipated and an increase in
aircraft maintenance costs.
The Group's underlying profitability for the year will therefore be
significantly reduced from last year, reflecting the investment made in growing
the scheduled airline operations, which have seen passenger growth of over 50%
in the first half of the year. We believe this investment in the growth of the
airline leaves us well placed to improve profitability going forward."