Member Article

Dart Group flying high with revenue increase of 35%

West Yorkshire’s Dart Group has reported an increase in revenue of 35% (£787.1m) on 2012.

This is attributed to the growth of leisure airlines and package holidays, overcoming the seasonal fluctuations that are expected.

Leisure Airline revenue growth of 19% to £463.2m reflects a 13% increase in passengers flown and increases in ticket yields and non-ticket retail revenues.

Package Holidays achieved 110% growth in revenues to £380.1m (2012: £180.6m), with customer numbers increasing by 103% to 634,866.

Chairman Philip Meeson said: “I am pleased to report on the Group’s performance for the six months ended 30 September 2013 in our three businesses, Jet2.com, the North’s leading leisure airline, Jet2holidays, the ATOL protected package holidays operator and Fowler Welch, one of the UK’s leading logistics providers.”

“The increase in profitability reflects a satisfactory summer for Jet2.com, underpinned by the continued successful growth of the Jet2holidays business.”

“ Our leisure travel operations continue to concentrate on the Mediterranean, the Canary Islands and European Leisure Cities, which means that the business is becoming increasingly seasonal as it continues to grow and, as a result, increased losses are to be expected in the second half of the year.“

The distribution and logistics arm of the business failed to keep up with Jet2’s profitability. Contributing £78.2m, down on £80.3m last year. This has led to the closing of Fowler Welch’s Holland office.

This was posted in Bdaily's Members' News section by Clare Burnett .