Turnover and profits up for Jet2 owner
24.06.11
Dart Group, the owner of Leeds Bradford Airport based airline Jet2, has announced increased turnover of £543m for the year to 31 March 2011, up from £435m last year, with its pre-tax profit was up from £22.2m to £26.2m. The company said profitability had increased in its aviation division, primarily due to increase load factors.
The company said its strategy is to understand and meet the holiday needs of Northern based customers. Dart Chairman Philip Meeson said: ‘We have expanded our leisure airline for summer 2011 with four additional aircraft, a new base at Glasgow Airport and a growing package holiday programme.’
‘We fly carefully scheduled flights to high volume leisure destinations, offering low fares to seat only customers and package holidays to Jet2holidays’ customers. Both products meet the demand for value in these difficult and uncertain economic times.’
However, he warned that challenging economic conditions will continue to affect its business. He said higher utility prices, the rising cost of food and fuel, and employment uncertainty, are all taking their toll on leisure spend.
Jet2 added two leased Boeing 757-200 and two leased Boeing 737-800 planes to the fleet towards the end of the financial year, to allow it to expand its operations at Newcastle, East Midlands and Manchester airports. Forward bookings of £135m boosted its cash and the board has recommended a final dividend of 83p a share compared with 75p last year.Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
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