Jet2 summer bookings impacted by ‘consumer uncertainty’

Forward bookings at and Jet2holidays for the summer continue to reflect “some consumer uncertainty”.

The disclosure came today in a trading update issued by owner Dart Group.

However, the company remained optimistic of meeting profit expectations for the 12 months to March 2020.

The group said in November that it remained unclear how demand would develop in the medium-term due to the overall uncertain UK economic outlook, particularly in relating to Brexit.

Dart said this morning: “We are now seeing that summer 2019 forward bookings in our leisure travel business, though positive, reflect some consumer uncertainty and that pricing for both our flight-only and package holiday products is more competitive.

“With a considerable way to go in the leisure travel booking cycle, the board remains optimistic of meeting current market expectations of group profit before foreign exchange revaluation and taxation for the year ending 31 March 2020.”

The group, which also runs a logistics business, expects profit before foreign exchange revaluation and taxation for the financial year to March 2019 to be “slightly ahead” of current market expectations.

Full year results are due to be issued on July 11 when a “fuller outlook for the all-important summer 2019 trading period” will be announced.

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