Airport urged to imporve communication
28.06.10
Fewer passengers taking flights with Leeds Bradford Airport based budget airline Jet2 dented profits at its parent company Dart Group. Chairman Philip Meeson described the year to March 31 as ‘reasonably satisfactory’, in spite of challenging conditions for Jet2. While group turnover for the group fell slightly from £439m the previous year to £434m, pre-tax profits fell from £33.5m to £22.2m, due to lower margins at Jet2 as a result of falling demand for flights. Financial results for Jet2 are not pulled out from the overall group performance.
Jet2 suffered from weaker demand for its passenger services, especially during the off-peak and winter months, with flights to skiing destinations particularly affected. Mr Meeson said early action was taken to reduce capacity in order to control losses. During the year, Jet2 carried more than 3.1m scheduled and charter passengers, with load factors up 2 percentage points to 80% and yields (average fares) down.
The group’s tour operator, Jet2holidays, sold more than 64,000 packages, and this was planned to grow substantially. Mr Meeson said: ‘With the contribution of passengers from Jet2holidays alongside our other income streams, we are optimistic that, provided we are flexible, continue to innovate and offer really great-value fares, our aviation business will prosper.’
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