Jet2 owner raises profit expectations

Monday, 19 Feb, 2018 0

Jet2 owner Dart Group has said it expects profit before tax to be ‘materially’ ahead of current market expectations for the 2018 fiscal year, amid continued success of its leisure travel business and a more normalised pricing environment.

In a statement issued this morning, the group, which owns Jet2.com and Jet2holidays, said forward bookings in its leisure travel business for summer 2018 were ‘presently satisfactory’, amid ‘encouraging’ performance from its two new operating bases at London Stansted and Birmingham airports.

StockMarketWire.com reports the statement adds: "It is still early in the leisure travel booking cycle and we remain cautious on pricing.

"However, given the satisfactory forward bookings and the execution of our growth strategy, the board currently expects the group’s trading performance for the year ending 31 March 2019 to be broadly in line with the current financial year."

Lisa

Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.

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