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Clare Burnett

Member Article

Leeds-based Jet2.com owners Dart Group see late summer passenger numbers surge

Leeds-based Dart Group plc, the leisure travel and logistics group, and owners of the Jet2.com brand have reported a 21% increase in package holiday customers.

The Dart Group’s package holiday product, Jet2holidays, took 771k (2013: 635k) customers on holiday, whilst flight only passengers grew by 8% to 3.07 million (2013: 2.84 million).

The leisure travel business improved in the later summer months as compared to the challenging market conditions experienced earlier in the season.

Airline, Jet2.com, flew 4.6 million passengers in the six months to 30 September 2014, an increase of 12% over the same period last year, though below the increased seat capacity of 13%.

The period saw a reduction in average ticket yield of 1.6%, being particularly pronounced in our Canary Islands and Eastern Mediterranean destinations.

Our Distribution & Logistics business, Fowler Welch, continues to focus on growing its revenue pipeline and the successful development of existing and new business opportunities. Margins continue to be very tight in this business.

The Group’s reported operating profit for the six months ended 30 September 2014 will be approximately 10% ahead of the same period in the previous year.

However, increased losses are expected in the second half, which are a function of the continued expansion of our seasonal leisure travel operations.

This was posted in Bdaily's Members' News section by Clare Burnett.

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