Airline company Dart Group said annual pre-tax profit will be ahead of market expectations, boosted by lower than anticipated winter losses.
The group, which owns airline Jet2.com, saw a rise in sales for the year ended March 31st 2013, according to a trading statement Friday.
Jet2.com was supported by the expansion of Jet2holidays and its package holiday sales.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Looking ahead to the year ending March 31st 2014, overall forward booking levels for Jet2.com remain in line with its 13% increase in capacity for Summer 2013.
Trading volumes also improved at Fowler Welch, a UK distribution and logistics provider, and the business remains well placed for profitable growth.
"The group continues to develop and build its businesses, and we are cautiously optimistic about our ability to increase profits in the current financial year, notwithstanding the continuing tough economic environment," Dart said.
Shares surged 9.95% to 163p at 10:28 Friday.
RD
-
RICS: Housing market continues to strengthen but 2025 could be challengingThe latest survey by the Royal Institution of Chartered Surveyors reports a resilient UK housing market, but warns of headwinds next year
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrencyAccording to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
