£2.6bn revenues for owners of Jet2.com
The owners of Leeds-headquarted airline Jet2.com have reported revenues of £2.6bn, compared to £2.2bn for the same period last year.
Dart Group has today announced its unaudited interim results for the half year ended 30 September 2019.
The listed company has also recorded pre-tax profits of £339.7m, compared to £331.7m in 2018.
Jet2.com’s aircraft fleet expanded to 100 for summer 2019 (summer 2018: 90) with increases in pilots, engineers and cabin crew.
Dart said this was a “satisfactory” first half of the financial year, adding losses are to be expected for the second half as it continues to invest in readiness for further flying programme expansion at several UK locations in the summer 2020 season.
The company’s trading report notes: “Whether the currently encouraging consumer demand for our products remains buoyant in the medium term is unclear, as we believe much will depend on the UK Government securing a pragmatic and balanced Brexit agreement with the EU.
“In addition, the travel industry in general continues to be subject to a range of cost pressures in relation to fuel, foreign exchange, carbon and other operating charges.
“These, together with the necessary continued investment in our own products and operations, including that required to attract and retain colleagues, are headwinds our leisure travel business faces.
“Our strategy for the long term remains consistent – to grow both our flight-only and package holiday products.
“With our customer focused approach and clear market positioning, we continue to have confidence in the resilience of both our Leisure Travel and Distribution & Logistics businesses.”
