Jet2 owner plans to keep growing

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JET2 owner Dart Group today revealed that it plans to keep growing over this financial year.

In a trading update, Dart said that it believes pre-tax profitability for the year ended March 31 2014 will be in line with current market expectations. Cash flow generation from operations remains healthy, and during the period the group has continued to invest for future growth.

The statement added: “Looking forward to the year ending March 2015, overall forward booking levels for, the group’s leisure airline, are encouraging, with over 50 per cent of summer 2014 already sold. This is supported by the successful expansion of Jet2holidays and its sales of great value package holidays. Fowler Welch, one of the UK’s leading distribution and logistics providers, remains well placed for profitable growth in the year ahead. The group intends to further develop and grow its businesses and expects continued profit growth for the year ending March 31 2015.”