Jet2 owner in line with market forecasts

JET2 owner Dart Group said today it continues to invest for future growth and expects to meet market expectations for the financial year.

Updating the market on trading this morning, the group, which is based at Leeds Bradford International Airport, said it believes that pre-tax profits for the year ended March 31 will be in line with current market expectations.

Cash flow generation from operations remains healthy and during the period the group has continued to invest for future growth, it said.

The group said that looking forward to the year ending March 2015, overall forward booking levels for Jet2.com, the group’s leisure airline, are “encouraging while Fowler Welch, the group’s one of the UK’s leading distribution and logistics providers, remains “well placed for profitable growth in the year ahead.”

Dart said it intends to further develop and grow its businesses and expects continued profit growth for the year ending March 31 2015.

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