Late season boost for Jet2.com owner despite ‘deepening uncertainty’

The listed owner of Jet2.com, Dart, has reported encouraging levels of later season bookings, but an unsettled longer term picture in a trading update released today.

The company says overall demand for both its Flight-Only offering and Package Holiday products continues to strengthen.

And it says it has experienced increased levels of customer demand since Thomas Cook Group entered into compulsory liquidation in late September. Dart said it would continue to assess the impact of this for its own business in the coming months.

The update statement adds: “Given the strengthening booking trend, the Board now believes that current market expectations for Group profit before foreign exchange revaluations and taxation for the year ending 31 March 2020 will be exceeded. 

“The Board will provide a further update on publication of its interim results on 21 November 2019.

“Looking further ahead, given the cost pressures the travel industry is facing in general, which will intensify given the weakness in sterling, plus the deepening Brexit uncertainty and the impact this may have on consumer confidence, we remain very cautious in our outlook.”

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