Jet2 parent ‘very cautious’ in its outlook
Jet2 parent Dart Group remains ‘very cautious’ in its outlook, its executive chairman will tell shareholders today.
Philip Meeson will tell the company’s AGM: "With still some way to go in the leisure travel winter booking cycle, the Board remains optimistic that current market expectations for Group profit before foreign exchange revaluations and taxation for the year ending 31 March 2020 will be met.
"Looking further ahead, given the cost pressures the travel industry is facing in general, which will intensify given the weakness in sterling, plus the deepening Brexit uncertainty and the impact this may have on consumer confidence, we remain very cautious in our outlook."
He said package holiday customer numbers as a proportion of total departing customers have increased for summer 2019 to date.
"Winter season forward bookings have yet to match our seat capacity growth, therefore pricing for both our leisure travel products will need to remain continually enticing," Meeson added.
The Board will provide a further trading update when its releases it interim results on November 21.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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