Jet2’s parent company Dart Group announced a fall in profits after making an exceptional provision of £17m for possible passenger compensation claims relating to historical flight delays which occurred over the past six years due to technical reasons.
The Leeds-based firm said that after this exceptional item, pre-tax profits fell eight per cent to £71.7m in the six months to September 30.
The Supreme Court delivered its ruling at the end of October.
Without the item, underlying operating profits at the leisure travel, distribution and logistics group rose by 10 per cent to £89.4m
Group revenue increased 15 per cent to £902.2m and underlying pre-tax profit rose 14 per cent to £88.7m.
Dart’s chairman Philip Meeson said: “We have been encouraged by the group’s underlying operating profit growth of 10 per cent, particularly in light of the less than buoyant consumer demand and weak market pricing experienced in the early summer months.
“And, with winter 14/15 Leisure Travel bookings performing in line with expectations, the board is optimistic that current market expectations for full year operating profit, before adjusting for the exceptional provision of £17m, will be achieved.”