Jet2.com owner, Dart Group, stated it expects 1H2010 profits to be up year-on-year but warned of increased losses in 2H2010, due to continued growth (StockMarketWire.com/Money Week, 05-Oct-2010). According to Dart, Jet2.com had a “satisfactory” summer 2010, with a rise in yields and load factors. It also had an encouraging first summer of operations at East Midlands Airport. The group will report its interim results on 18-Nov-2010.
Dart Group expects 1H2010 profits to be up
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Dart Group owns and runs both Jet2.com and Jet2holidays as the single business segment Leisure Travel (95% of group operating profit). The underlying operating profit of the Leisure Travel segment more than doubled for the year to Mar-2016, reaching the highest margin since FY2009, thanks to yield growth and increased sales of higher-end package holidays.
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