Dart Group PLC ("the Group")
Trading update
Dart Group PLC, the Leisure Airline, Package Holidays
and Distribution & Logistics Group, provides the following
update on current trading.
The Group believes that pre-tax profitability for the
year ended 31 March 2012 will be in line with current
market expectations. Cash flow generation from
operations remains strong and, during the period, the Group
has continued to invest in further growth, particularly in
its aircraft fleet.
Looking forward to the year ending 31 March 2013,
overall forward booking levels for Jet2.comthe
Group's Leisure Airline remain in line with its planned
10% capacity growth for Summer 2012, and the Group
continues to see strong growth in
Jet2holidays. Business volumes are also
satisfactory at Fowler Welch-Coolchain, one of
the UK's leading logistics providers, albeit margins
remain under pressure.
The Group continues to develop and grow its business
base across its operations, although in the current
challenging trading environment, limited profit growth is
expected in the current financial year.
18 April 2012
For further information contact:
|
Philip Meeson
Group Chairman and Chief
Executive
|
Mobile:
|
07785 258666
|
|
Andrew Merrick
Group Finance
Director
|
Tel:
Mobile:
|
0113 238 7444
07788 565358
|
|
Andy Pedrette / Siobhan Sergeant
Smith & Williamson Corporate Finance
Limited
|
Tel:
|
020 7131 4000
|