Ticket yields achieved by leisure airline Jet2.com this summer fell below last year’s levels, parent company Dart Group disclosed today.
The company still expects to meet current profit expectations for the financial year ending in March 2018.
Executive chairman Philip Meeson is to tell the group’s annual meeting today that leisure travel bookings have grown in line with a 41% rise in capacity for this summer.
“Demand for our higher margin package holiday products remains strong and holiday customer numbers as a proportion of total departing customers have increased slightly,” he will say.
“It is particularly encouraging to report that our new London Stansted and Birmingham airport operating bases are already proving popular, with over 1.3 million passengers booked to fly with Jet2.com this summer, of which close to 50% have chosen a package holiday with Jet2holidays.
“Despite our airline ticket yields being lower than those achieved in summer 2016, overall the board expects the group to meet current market expectations of underlying profit before taxation for the year ending 31 March 2018 and will provide a further trading update on publication of its interim results on 16 November 2017.”
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