Jet2 and Jet2holidays owner today forecast a positive annual financial boost from the collapse of Thomas Cook but cautioned over Brexit uncertainty.

Dart Group today reported increased demand following the failure of one of its main package holiday rivals.

In a trading update, the company reiterated comments made at its annual meeting on September 5 that overall demand for flights and packages continues to strengthen despite a generally cautious outlook at the time. 

The group said: “We have also experienced increased levels of customer demand since Thomas Cook Group entered into compulsory liquidation in late September 2019 and we continue to assess the impact this will have for our business in the coming months.

“Given the strengthening booking trend, the board now believes that current market expectations for group profit before foreign exchange revaluations and taxation for the year ending 31 March 2020 will be exceeded.

“Looking further ahead, our comments from the annual general meeting remain – given the cost pressures the travel industry is facing in general, which will intensify given the weakness in sterling, plus the deepening Brexit uncertainty and the impact this may have on consumer confidence, we remain very cautious in our outlook.”

A further update is due with the release of interim financial results on November 21.