Record profits for Jet2
13.09.08
Leeds Bradford Airport based airline Jet2 has said that it has made record profits. The budget airline's chief executive, Philip Meeson, said: ‘We had another great summer, our aircraft have been full and we have made record profits, in fact we are expecting our parent company’s half-year profits to be in excess of £30m.’
‘We have been able to hedge our fuel, plan ahead and ensure we offer low fares to our customers’ favourite European leisure destinations from our 6 regional bases. And we have recorded our best ever load factors – in excess of 90%.’
In a statement, parent company Dart Group said: ‘By focusing on its core European leisure routes, Jet2 is delivering improved yields [average fares] coupled with load factors in excess of 90% in the peak months. Trading performance has been supported by increased charter volumes, strong cost control, and a conservative approach to fuel hedging’.
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