Jet2 announces big profits
Dart Group PLC, the aviation and distribution group, reports on the first five months of trading of its principal operating subsidiaries Jet2.com, the northern based airline, and Fowler Welch-Coolchain one of the UK’s largest chilled distribution companies.
The Group’s underlying profit before taxation (before specific IAS 39 fair value movements) for the first half of the year is expected to be in excess of £30 million, with full year results in advance of current market expectations.
The Group’s aviation business is set for a record summer. By focusing on its core European leisure routes, our scheduled airline, Jet2.com, is delivering improved yields coupled with load factors on these routes in excess of 90% in the peak months. Trading performance has been supported by increased charter volumes, strong cost control, and a conservative approach to fuel hedging. Our ATOL-protected holidays company, Jet2holidays.com, continues to grow strongly by meeting our customers’ demand for a package holiday from their local airport.
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