Dart Group retains profit outlook

Dart Group, parent company of UK LCC Jet2.com, stated it does not expect the cancellation of services and holidays to Egypt and Tunisia will affect profits for the current financial year. Jet2 has replaced its Egypt programme with extra services and holidays to Spain and Portugal with the company adding 70,000 seats to these destinations across a number of its bases.

Forward booking levels for Jet2 remain "satisfactory", supported by continued growth from the carrier's holidays operation. Dart Group board believes the group will trade in line with market expectations in the current financial year, notwithstanding the cancellation of north African flying, higher fuel costs and continued consumer uncertainty. Shares in Dart Group eased 0.5% in trading on Monday.

Ryanair announced (04-Apr-2011) the following traffic highlights in Mar-2011:

  • Passenger numbers: 5.7 million, +8% year-on-year;
  • Passenger load factor: 79%, stable.

Selected EAD daily share price movements (% change): 5-Apr-2011