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Travel industry news

07 Sep 2017

BY Jennifer Morris


Decline in yields for Jet2.com

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

Jet2, 737

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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