Jet2holidays and Jet2.com parent Dart Group is predicting underlying profit before tax for the past year to be “materially ahead” of current expectations.
In a trading update released today (February 19), the group said that due to the “continued success” of its leisure travel arm it foresaw “a more normalised pricing environment after the heavy discounting in the market over the past year”.
Dart Group will publish its preliminary results for the year ending March 31, 2018 on July 12, 2018.
Looking ahead to the year ending March 31, 2019, the group reported that forward bookings for summer 2018 were “presently satisfactory”.
“We also remain encouraged by the performance of our two new operating bases at London Stansted and Birmingham airports.
“It is still early in the leisure travel booking cycle and we remain cautious on pricing. However, given the satisfactory forward bookings and the execution of our growth strategy, the board currently expects the Group’s trading performance for the year ending 31 March 2019 to be broadly in line with the current financial year,” the group added.