Dart Group not expecting North Africa flight cancellations to affect profits
Dart Group, Jet2.com parent company, stated it is not expecting the cancellation of its services and holidays to Egypt and Tunisia to impact its profits (TTGLive, 04-Apr-2011). Dart Group stated profits for the financial year ending 31-Mar-2011 would be “in line with current market expectations”. 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.
Dart Group: “Overall forward booking levels for Jet2 remain satisfactory, supported by continued growth from its holidays operation. Notwithstanding the cancellation of north African flying, higher fuel costs and continued consumer uncertainty, the board currently believes the group will trade in line with market expectations in the current financial year,” Company Statement. Source: TTGLive, 04-Apr-2011.