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07 Sep 2017

BY Jennifer Morris

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TRFBLI

Decline in yields for Jet2.com

Jet2holidays and Jet2.com parent Dart Group has seen a decline in airline ticket yields this summer.

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The board expects to meet current market expectations of underlying profit before taxation

At the company’s AGM later today, Philip Meeson, executive chairman, Dart Group, will say: “The satisfactory start to the financial year as reported in our preliminary results statement of 13 July 2017 has continued, with leisure travel bookings growing in line with our 41% summer 2017 seat capacity increase.

 

“Demand for our higher margin package holiday products remains strong and holiday customer numbers as a proportion of total departing customers have increased slightly.

 

“It is particularly encouraging to report that our new Stansted and Birmingham airport operating bases are already proving popular, with over 1.3 million passengers booked to fly with Jet2.com this summer, of which close to 50% have chosen a package holiday with Jet2holidays.”

 

Despite airline ticket yields being lower than those achieved in summer 2016, overall the board expects the group to meet current market expectations of underlying profit before taxation for the year ending March 31 2018.

 

A further trading update will be released on publication of its interim results on November 16.

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TTG Media Limited.
Place of registration: England and Wales.
Company number 08723341.
Registered address: New Bridge Street House, 30-34 New Bridge Street, London EC4V 6BJ
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