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4 Apr 2011 07:00
Dart Group PLC ("the Group")
Trading update
Dart Group PLC, the aviation and distribution Group, provides the following update on current trading.
The Group believes that pre-tax profitability for the year ended 31 March 2011 will be in line with current market expectations. Cash flow generation from operations remains strong, and during the period the Group has continued to invest in further growth.
Looking forward to the year ending 31 March 2012, overall forward booking levels for Jet2.com the Group's leisure airline remain satisfactory, supported by continued growth from its holidays operation. Business volumes are also satisfactory at Fowler Welch-Coolchain, one of the UK's leading logistics providers, which is beginning to attract new volumes into its new North West distribution centre.
Notwithstanding the cancellation of North African flying, higher fuel costs and continued consumer uncertainty, the Board currently believes the Group will trade in line with market expectations in the current financial year.
4 April 2011
For further information, please contact:
Andrew Merrick
Group Finance Director
07788 565358
0113 238 7444
Andy Pedrette
Smith & Williamson Corporate Finance Limited
020 7131 4368
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