Jet2’s parent company has seen its shares plunge on the London Stock Exchange after warning about “less buoyant” holiday sales.
Dart Group, which owns the Leeds-based airline and tour operator, has issued a profits warning today as it admitted that pricing in the leisure market has been “weak”.
The announcement sent Dart’s shares plunging by up to 29% from yesterday’s closing price of £2.51 per share to as low as £1.78 in early trading in London.
The company warned that demand for holidays this summer has been “less buoyant than we hoped for” despite the company enjoying a 30% rise in operating profits during its last financial year.
