The group saw pre-tax profits fall 14% to £90.1 million in the year to March 31. This compares to £104.2 million in 2015/16. The figure includes Dart’s distribution and logistics business; however separate results are given for its leisure travel division, which made £85.6 million before tax, down 13%.
Dart Group executive chairman Philip Meeson said “considerable investment” at Jet2’s new bases Stansted and Birmingham with a combined 58 new routes; plus a £10.9 million charge for foreign exchange revaluation had accounted for the result.
