Jet2 owner expects ‘limited’ profit growth
DART Group, the owner of airline Jet2.com, today said it expected to achieve “limited” profit growth in its present financial year.
The business, which also runs logistics and distribution operation Fowler Welch, also said pre-tax profits for the year ended March 31 this year are set to be in line with expectations.
It said cash flow generation remained strong from its operations and that it had continued to invest in its aircraft fleet.
In a trading statement this morning, Dart Group said: “Looking forward to the year ending March 31, 2013, overall forward booking levels for Jet2.com, the group’s leisure airline, remain in line with its planned 10% capacity growth for Summer 2012, and the group continues to see strong growth in Jet2holidays.
“Business volumes are also satisfactory at Fowler Welch-Coolchain, one of the UK’s leading logistics providers, albeit margins remain under pressure.”
It added: “The group continues to develop and grow its business base across its operations, although in the current challenging trading environment, limited profit growth is expected in the current financial year.”
The business, which also runs logistics and distribution operation Fowler Welch, also said pre-tax profits for the year ended March 31 this year are set to be in line with expectations.
It said cash flow generation remained strong from its operations and that it had continued to invest in its aircraft fleet.
In a trading statement this morning, Dart Group said: “Looking forward to the year ending March 31, 2013, overall forward booking levels for Jet2.com, the group’s leisure airline, remain in line with its planned 10% capacity growth for Summer 2012, and the group continues to see strong growth in Jet2holidays.
“Business volumes are also satisfactory at Fowler Welch-Coolchain, one of the UK’s leading logistics providers, albeit margins remain under pressure.”
It added: “The group continues to develop and grow its business base across its operations, although in the current challenging trading environment, limited profit growth is expected in the current financial year.”
