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Jet2 chair: Future demand unclear until balanced Brexit deal struck

Operators
Jennifer Morris
21 November 2019

Jet2 parent company Dart Group is expecting to “exceed market profit expectations” for the full-year despite a dip in its leisure travel division’s operating profit margin for H1.

Steve Heapy, chief executive of Jet2.com and Jet2holidays, said the 2023 October half-term period is proving to be an "extremely popular time” for families to take a holiday

The carrier will deploy an extra aircraft at the base to support the expansion

It has highlighted Brexit and other “headwinds” as factors in hindering its ability to give a clear outlook for the full-year.

Dart Group comprises Jet2.com and Jet2holidays, as well as logistics arm, Fowler Welch.

For the half year ended 30 September, group operating profit increased by 3% to £365 million (2018: £354.4 million) and group profit before foreign exchange revaluation and taxation increased by 3% to £349.8 million (2018: £340.2 million).

For the leisure travel division, while revenue growth was strong (17% up to £2,528.8 million), operating profit margin reduced to 14% (2018: 16%).