Jet2 staff to be rewarded with profit share scheme
Jet2 parent Dart Group is to introduce a profit sharing scheme next year as a reward for those who have been with the company for at least 12 months.
The discretionary scheme, to be launched on April 1, 2018, will be open to those staff who don’t already participate in a performance-related bonus or commission scheme.
The profit share will be calculated at a rate of 5% of pre-tax profit, excluding foreign currency revaluations and other exceptional items. It will be paid in proportion to each colleague’s basic salary, with the first payment made in July 2019.
The announcement was made as the Dart Group revealed a 14% drop in pre-tax profit last year, which it attributed mainly to the cost of opening two new bases at Birmingham and Stansted in March.
The group made £90.1 million before tax to March 31, 2017 after taking into account a £10.9 million charge for foreign exchange revaluation losses.
It said package holiday sales had risen 42% to account for 49% of its total leisure travel sales. The percentage taking all-inclusive packages rose from 39% to 41%.
At £617, the average selling price of its packages was £1 ahead of last year, but the net ticket price per passenger fell 5% to £86.65 and the average load factor slipped from 92.5% the previous year to 91.5%.
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
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers flexible payment options for European travellers
Phocuswright reveals the world's largest travel markets in volume in 2025
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports