Jet2 parent offers good news on full-year profits

Jet2 parent offers good news on full-year profits

Jet2 and Jet2holidays parent Dart Group today described forward bookings for the summer as “encouraging”.

The travel, distribution and logistics group disclosed in a trading statement this morning that underlying operating profits for the year to March 31 will be ahead of market expectations.

The figure is expected to be “broadly in line” with last year’s level of  £49.2 million, as a result of lower than anticipated winter losses.

The expected result comes after excluding exceptional provisions of £17 million made to cover potential claims over EU regulation 261 delay compensation.

“Looking ahead to the year ending 31 March 2016, forward bookings in the leisure travel business for summer 2015 are encouraging, with over 50% of the season having already been sold, which is ahead of where we were at this stage last year,” the Yorkshire-based company said.

“The group intends to further develop and grow its businesses and expects further progress in the year ending 31 March 2016.”

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