6 Sep 2012 10:41
6 September 2012
Dart Group PLC (The "Group")
AGM Statement
Dart Group PLC is pleased to announce that all of the ordinary and special resolutions proposed at today's Annual General Meeting were approved.
Commenting on current trading, Philip Meeson, Group Chairman and Chief Executive, said:
"Summer 2012 trading in our leisure travel businesses has been encouraging. Our Leisure Airline business, Jet2.com, has achieved higher yields and load factors than Summer 2011, despite continued expansion of its flying programme, although operating margins remain under pressure. Our Package Holidays business, Jet2holidays, continues to meet its substantial passenger growth targets. With limited opportunity for revenue growth in the Winter months, our leisure travel operations are becoming increasingly seasonal.
Fowler Welch, our Distribution & Logistics business, continues its careful delivery of revenue growth in a sector continuing to experience tight margins. The business continues to trade in line with expectations.
The Board is mindful of the current economic climate and remains cautious about profit growth. However, it is confident of meeting market expectations for the current year."
For further information contact:
Dart Group PLC | Tel: | 0113 238 7444 |
Philip Meeson Group Chairman and Chief Executive | Mobile: | 07785 258666 |
Andrew Merrick Group Finance Director | Mobile: | 07788 565358 |
Andy Pedrette / Siobhan Sergeant Smith & Williamson Corporate Finance Limited | Tel: | 020 7131 4000 |