Jet2 hit by falling demand for holidays
A dip in demand for leisure travel this summer will lead to lower profits for Jet2, said the company’s parent today.
Dart Group said that operating profit for the current year will be below current market forecasts.
Jet2holidays almost doubled the number of passengers to 830,019 last year and oprating profit rose 122% to £14.4 million.
Jet2.com, the leisure airline, saw its turnover rise 16% to £643.1 million.
However, Dart chairman Philip Meeson said demand for leisure travel this summer is less buoyant than it would have hoped for and prices are weak.
"This may be due to the weather, the World Cup, or because the financial recovery hasn’t yet taken hold in our home territory, the North of the UK," he said.
"Unfortunately, therefore, in view of the current visibility we have of our remaining summer 2014 forward bookings, we now expect the current year operating profit outturn to be lower than previous market expectations."
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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