Dart Group PLC Trading Statement & Notice of Results (5935B)
October 08 2015 - 1:00AM
UK Regulatory
TIDMDTG
RNS Number : 5935B
Dart Group PLC
08 October 2015
8 October 2015
Dart Group PLC ("the Group")
Trading Statement and Notice of Results
Dart Group PLC, the Leisure Travel and Distribution &
Logistics group, is pleased to give the following update on trading
for the first half of the financial year ending 31 March 2016.
Leisure Travel
Summer 2015 trading in our Leisure Travel business has been
consistently strong with demand for our package holidays continuing
to grow as Jet2holidays took 936k (2014: 771k) customers on
holiday, an increase of 21%, representing 41% (2014: 33%) of
overall flown customers.
Our leisure airline, Jet2.com, flew a total of 4.53m (2014:
4.62m) passengers in the six months to 30 September 2015, a slight
decrease of 1.9% over the same period last year against a backdrop
of considered seat capacity reductions. Despite the increased
proportion of package holiday customers, our important flight-only
product was enjoyed by 2.65m passengers in the period. As a result
of the seat capacity management and buoyant customer demand, the
business achieved a record average load factor of 94.1% (2014:
91.8%) alongside a significant increase in average ticket yield of
16.4%.
Distribution & Logistics
Our Distribution & Logistics business, Fowler Welch,
continues to trade ahead of last year and in line with expectations
as it focuses on growing its revenue pipeline and the successful
development of existing and new business opportunities.
Outlook
In what has proven to be an exceptional summer season, the
Group's operating profit for the six months ended 30 September 2015
is expected to be at least 60% ahead of the same period in the
previous year (2014 underlying: GBP89.4m), although increased
losses are expected in the second half as a function of the
expansion of our seasonal Leisure Travel operations.
With winter 15/16 Leisure Travel bookings for both package
holiday and flight-only products continuing to perform in line with
expectations and notwithstanding the important post-Christmas
booking period that is still to come, it is now apparent that Group
performance for the full year ending 31 March 2016 will materially
exceed current market expectations.
The Group intends to announce its interim results for the six
months ended 30 September 2015 on 19 November 2015.
For further information contact:
Dart Group PLC Tel: 0113 238
Philip Meeson, Group Chairman 7444
and Chief Executive
Gary Brown, Group Chief Financial
Officer
Smith & Williamson Corporate Tel: 020 7131
Finance Limited 4000
Nominated Adviser
David Jones
Canaccord Genuity - Joint Tel: 020 7523
Broker 8000
Guy Marks / Mark Whitmore
Arden Partners - Joint Broker Tel: 020 7614
Christopher Hardie 5900
Buchanan - Financial PR Tel: 020 7466
Richard Oldworth 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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