5th Sep 2013 09:54
LONDON (Alliance News) - Dart Group PLC, the owner of the Jet2 airline and package holiday operator, Thursday said it was cautiously optimistic about its profit growth prospects and currently expects to meet market expectations for the current financial year that ends March 31, 2014.
Philip Meeson, the chief executive and chairman of the Leeds-Bradford airport-based company, told shareholders at the company's annual general meeting that summer trading at airline Jet2.com had achieved higher yields and load factors than a year earlier, although operating profits remained under pressure.
In a statement, Meeson said holidays business Jet2holidays is continuing to meet its passenger growth targets and will provide about 30% of its summer leisure travel customers.
However, he said the company was increasingly focused on the summer season, and the coming winter months provide little opportunity for revenue growth.
Distribution and logistics business Fowler Welch is continuing to trade in line with expectations and is focused in growing its revenue pipeline and improving the efficiency of its operations, he added.
Dart Group's shares were down 2.5% at 240 pence Thursday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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