Dart Group soars as passengers flock to sunnier climes

Jet2.com and Jet2Holidays owner Dart Group said it expects to exceed current market expectations for the year ending March 31st 2013 despite current economic headwinds.

Jet2.com and Jet2Holidays owner Dart Group said it expects to exceed current market expectations for the year ending March 31st 2013 despite current economic headwinds.

The group said it had a strong summer as more passengers escaped the wetter than usual British summer weather for sunnier climes.

Jet2.com flew 3.6m passengers in the six months to September 2012, up 14% from the same period last year as yields and load factors increased.

Jet2holidays, its holiday operation, enjoyed strong growth over the summer with 312,000 passengers booking holidays during the first six months of the year, up 158,000 in 2011.

"This significant growth has been achieved through further improvements to the Jet2holidays product range, and development of its online and high street distribution channels," Dart Group said in a statement.

Meanwhile its distribution business, Fowler Welch, continues to trade in line with expectations although margins are being squeezed, it said.

Its leisure travel operations are becoming increasingly seasonal as its grows the business. As a result, the group anticipates pre-tax profit for the first half of the year to be ahead of the same period in the previous year, with increased losses expected in the second half.

CJ

Recommended

How to invest today? Look to the past, not the future
Investment strategy

How to invest today? Look to the past, not the future

The past few years have seen so many changes to our way of life that many people said we had entered a “new normal”. But as it turns out, the new norm…
18 Aug 2022
A new legal headache for Haleon
Stocks and shares

A new legal headache for Haleon

Haleon, GSK’s former consumer-products arm, spun off last month, has made a dismal debut on the stockmarket.
17 Aug 2022
Persimmon yields 12.7%, but can you trust it to deliver?
Share tips

Persimmon yields 12.7%, but can you trust it to deliver?

With a dividend yield of 12.7%, Persimmon looks like a highly attractive prospect for income investors. But that sort of yield can also indicate a com…
17 Aug 2022
Cineworld faces a bleak future – investors should stay away
Share tips

Cineworld faces a bleak future – investors should stay away

Weighed down by crippling debts and with consumers tightening their belts, Cineworld's future does not look bright, says Rupert Hargreaves. Investors …
17 Aug 2022

Most Popular

Investors should get ready for a political revolution
UK Economy

Investors should get ready for a political revolution

Liz Truss will beat Rishi Sunak, cut taxes, and then shake up the Bank of England, says Helen Thomas
15 Aug 2022
How to protect your wealth as inflation hits new record highs
Investment strategy

How to protect your wealth as inflation hits new record highs

UK inflation has hit a new record high of 10.1%. It's going to hurt, says Dominic Frisby. Here's how you can protect your wealth.
17 Aug 2022
Don’t listen to the doom-mongers – the future is bright
Economy

Don’t listen to the doom-mongers – the future is bright

With volatile markets, raging inflation and industrial unrest, it may feel like things are bad and likely to get worse. But the end of the world is no…
15 Aug 2022