News owner predicts ‘limited’ profit growth

The parent company of and Jet2Holidays expects only “limited” profits growth this year.

Dart Group cited the current “challenging trading environment” for the outlook for the current financial year.

Overall forward booking levels for remain in line with a planned 10% capacity growth for summer 2012, and it continues to see strong growth in Jet2holidays.

The group said in a trading statement this morning that it believes that pre-tax profitability for the year ended March 31 will be in line with current market expectations.

Cash flow generation from operations remains strong and, during the period, the group has continued to invest in further growth, particularly in its aircraft fleet,” Dart said.

The group continues to develop and grow its business base across its operations, although in, limited profit growth is expected in the current financial year.”

Dart also runs logistics firm Fowler Welch-Coolchain.

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