Jet2 (JET2)

Sector:

Commercial Transport

Index:

FTSE AIM 50

1,437.00p
   
  • Change Today:
    -5.00p
  • 52 Week High: 1,519.00p
  • 52 Week Low: 1,017.00p
  • Currency: UK Pounds
  • Shares Issued: 214.68m
  • Volume: 300,314
  • Market Cap: £3,085.01m

Dart Group cautious on outlook given 'deepening Brexit uncertainty'

By Iain Gilbert

Date: Thursday 05 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Airline holding company Dart Group said on Thursday that it was confident of meeting profit expectations for the full year but remains cautious on its outlook due to Brexit uncertainty.
In a statement ahead of its annual general meeting, the company said it remains optimistic that current market expectations for group profits before foreign exchange revaluations and taxation for the year ending 31 March 2020 will be met.

However, given cost pressures and Brexit-related uncertainties, executive chairman Philip Meeson said he was "very cautious" about the company's outlook.

Meeson said: "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."

Meeson said that in the leisure travel business, the later booking trend seen at the time of its interim report had continued, with overall demand for both its flight-only offering and package holiday products continuing to strengthen. He said package holiday customer numbers as a proportion of total departing customers had increased during the summer.

Meanwhile, solid progress continued to be made at Fowler Welch, the AIM-listed group's distribution and logistics business.

However, the chair cautioned that winter season forward bookings had "yet to match" Dart's seat capacity growth, therefore pricing for both its leisure travel products would need to remain "continually enticing".

As of 1020 BST, Dart shares had lost 3.11% at 717p.

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Jet2 Market Data

Currency UK Pounds
Share Price 1,437.00p
Change Today -5.00p
% Change -0.35 %
52 Week High 1,519.00p
52 Week Low 1,017.00p
Volume 300,314
Shares Issued 214.68m
Market Cap £3,085.01m

Jet2 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.9% below the market average29.9% below the market average29.9% below the market average29.9% below the market average29.9% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Price Trend
72.44% above the market average72.44% above the market average72.44% above the market average72.44% above the market average72.44% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Income
45.38% below the market average45.38% below the market average45.38% below the market average45.38% below the market average45.38% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
79.12% above the market average79.12% above the market average79.12% above the market average79.12% above the market average79.12% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average

What The Brokers Say

Strong Buy 7
Buy 8
Neutral 1
Sell 0
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Jet2 Dividends

  Latest Previous
  Final Interim
Ex-Div 19-Sep-24 28-Dec-23
Paid 23-Oct-24 02-Feb-24
Amount 10.70p 4.00p

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 17,383 @ 1,437.00p
16:35 123,344 @ 1,437.00p
16:35 1 @ 1,437.00p
16:35 126 @ 1,437.00p
16:35 222 @ 1,437.00p

Jet2 Key Personnel

CEO Stephen Heapy

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