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Jet2holidays parent Dart Group's profit dips 14% after launch of new bases

Operators
Jennifer Morris
15 August 2017

Jet2.com and Jet2holidays parent Dart Group’s profit before tax dropped 14% in the past year after its “considerable” investment in new bases at Birmingham and Stansted.

Jet2Holidays believes it is time to expand

The £90.1 million profit figure also took into account a £10.9 million charge for foreign exchange revaluation losses, compared with £1.3 million in 2016.

Dart Group confirmed that the profit performance in the year primarily reflected its continuing investment in its leisure travel business, which combines both the airline and the operator.

The group said demand for Jet2holidays package holidays continued to grow as Jet2holidays took 1.73 million customers on such holidays in the past year, compared to 1.22 million in 2016 – an increase of 42%, representing 49% of overall flown passengers.