Dart Group sees “limited” profit growth

In a trading statement this morning, Leeds-based Dart Group said pre-tax profitability for the year ended March 31, 2012, would be in line with current market expectations.

It added that cash flow generation from operations remained strong and, during the period, the group continued to invest in further growth, particularly in its aircraft fleet.

Looking forward to the year ending 31 March 2013, the group said that overall forward booking levels for Jet2.com remained in line with its planned 10 per cent capacity growth for summer 2012, and the group continued to see strong growth in Jet2holidays.

It added that business volumes were also satisfactory at its logistics provider Fowler Welch-Coolchain, albeit margins remained under pressure.

Looking ahead, it said: “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.”