Dart Group profits on track
AIRLINE and distribution firm Dart Group said today that profits will be in line with expectations, despite high fuel costs and turmoil in North Africa.
The parent of budget airline Jet2.com highlighted the cancellation of North African flights, higher fuel costs and consumer uncertainty but said cash flow generation from operations remained strong and that it has invested in further growth.
Pre-tax profits for the year ended 31 March 2011 will be in line with current market expectations. It also said that in the 2011-12 overall forward booking levels for Jet2.com were “satisfactory”, supported by continued growth from the holiday operation.
Business volumes are also “satisfactory” at Fowler Welch-Coolchain, the logistics providers, which is beginning to attract new business at its new North West distribution centre.