Jet2 owner smashes records in first half

Philip Meeson Jet2.com
Philip Meeson Jet2.com
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T​he​ owner of Jet2.com​ has​ smashed records in the first half of the year, reaching more than £1bn in revenue.​ ​

Dart Group said that revenues for the six months to 30 September 2015 had reached £1.02bn, up from £905m in the same period last year.​ ​Pr​e-​tax profits have doubled to £146m this half year, from £71.7m in 2014 at the group.

Leisure travel revenue grew by 15 per cent to £951.7m from £824.1m in the previous year, reflecting a 22 per cent increase in the number of Jet2holidays package holiday customers.

In order to meet the future anticipated growth of its leisure travel business and for planned fleet replacement, in September 2015 Dart entered into an agreement with Boeing to purchase 27 new Boeing 737-800NG aircraft to be delivered between September 2016 and April 2018.

Philip Meeson, chairman at Dart Group, said: “The increase in group operating profit reflects consistently strong summer trading in our leisure travel business coupled with our distribution & logistics business performing ahead of last year.

“However, increased losses are to be expected in the second half of the year as our expanding Leisure Travel business invests in additional aircraft, advertising and people in readiness for the summer 2016 season.”

Jet2.com flew a total of 4.53 million passengers in the six months to 30 September 2015 a slight decrease of 2 per cent over the same period last year against a backdrop of careful seat capacity management.