Dart Group pushes ahead despite challenges
AIRLINE Jet2.com’s parent company Dart Group has said it “hopes to meet” market expectations for its financial year.
Commenting on trading conditions, chairman Philip Meeson said that ongoing challenging conditions would continue to affect the aviation industry.
He said: “In particular, the aviation business has been impacted by weaker consumer demand resulting in lower yields, although the business has been successful in improving load factors supported by continued growth of the Holidays operation.
“As I indicated in my year end statement, we expect these challenging economic conditions to continue to impact on yields in aviation for the foreseeable future, impacting on our ability to pass on cost growth to our customers.”
He added: “Fowler Welch, our distribution business, has continued to deliver revenue growth but is experiencing tightening margins, whilst continuing to trade in line with the board’s expectations.
“Overall, the board still hopes to meet market expectations for the current year.”
Leeds Bradford International Airport-based Dart announced in June that for the year ended March 31, it saw group turnover increase to £543m from £435m and pre-tax profit jump by £4m to £26.2m.
