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Jet2 parent's profits soar 36% to £177m

Operators
James Chapple
11 July 2019

Jet2.com and Jet2holidays parent Dart Group has posted full-year pre-tax profits up 36% to £177.5 million.

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

Dart said the “growing success” of its leisure travel products had driven “strong customer demand” during the year to 31 March.


However, while the group says it remains confident of meeting its 2019/20 profit forecasts, it has warned customers are booking later, forcing it to continue discounting.


It further warns the travel sector will continue to face cost pressures relating to “fuel, carbon and other operating challenges” in the coming months.


Dart Group also posted revenue up 32% from £2.38 million to £3.14 million and operating profit up 61% from £126.2 million to £203.4 million.