LONDON (Thomson Financial) - A full-year profits warning hit Dart Group, 3
-3/4 pence lower at 25-1/2.
The aviation and distribution group said Fowler Welch-Coolchain, its distribution business, continues to perform well but winter trading in the aviation business has not met expectations.
In the winter season, the forecast growth in passenger volumes has not been achieved and similar volumes to last year are now expected to be carried. The resultant lower yield and load factors have reduced winter revenue expectations by about 6 pct with a consequential reduction in the group's expected full-year pretax profits.
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