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 trading 'significantly ahead' of estimates

By Iain Gilbert

Date: Wednesday 11 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Travel and logistics firm Dart Group said on Wednesday that full-year profits looked set to be "significantly ahead" of current market expectations.
However, the Jet2 owner also cautioned that reductions in flying capacity in 2021 would result in a proportion of its existing hedging contracts becoming ineffective, impacting those profits as a result.

The AIM-listed group also noted that until "very recently", customer demand for its package holidays and flight-only leisure travel products had remained "consistently strong", with January and February bookings tracking well ahead of its 16% seat capacity increase.

While Dart noted that momentum had weakened over recent weeks with the increased reporting of coronavirus cases in Europe, the firm said its current cumulative Summer 2020 bookings remained above those seen at the same time a year ago.

"We continue to monitor the situation carefully and are taking proportionate actions to underpin the stability of the business, which includes reducing capacity on some routes where warranted, but always keeping at front of mind the need to ensure our customers experience the holidays they deserve," said Dart.

Dart added that Fowler Welch, its distribution and logistics arm, was trading in line with expectations and continued to develop its revenue pipeline with existing and new business opportunities.

As of 1025 GMT, Dart Group shares were up 5.57% at 1,024p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

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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