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Jet2.com and Jet2holidays owner sees profits surge 49%

Hotels
Tom Parry
12 July 2018

A “continuing strong demand” for package holidays and low-cost flights has seen the owner of Jet2.com and Jet2holidays report a surge in annual pre-tax profits of 49% to around £135 million.

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Dart Group said a year of strong passenger growth had enabled group revenue to rise by 38% to £2.4 billion in the 12 months to March 31.

Jet2.com flew a total of 10.38 million passengers during the group’s last financial year – an increase of 46% year-on-year – with average load factors jumping to 92.2% from 91.5% in 2017.

Average airline ticket yields fell 15%, from £86.65 in 2017 to £73.65 this year, against a 45% increase in seat capacity and “very competitive pricing in summer 2017”, Dart Group reported.