Jet2 (JET2)

Sector:

Commercial Transport

Index:

FTSE AIM 50

1,360.00p
   
  • Change Today:
    -7.00p
  • 52 Week High: 1,519.00
  • 52 Week Low: 991.50
  • Currency: UK Pounds
  • Shares Issued: 214.68m
  • Volume: 349,166
  • Market Cap: £2,919.67m

Dart Group warns of £17m cost after failed legal appeal

Date: Monday 03 Nov 2014

LONDON (ShareCast) - Airline operator Dart Group has warned of a £17m one-off charge this year after it failed in a court appeal relating to an "unexpected technical defect" that delayed a flight run by its Jet2.com arm.
Dart said it would make the provision in this year's accounts to cover potential historical claims arising from the Supreme Court's decision to reject its challenge of an earlier decision in June.

The case related to a customer demand for compensation related to a delayed flight in October 2011.

Dart unsuccessfully contended that the technical defect that allegedly caused the delay was deemed exceptional under legislation forcing airlines to compensate customers for delays.

It said the legislation may cost the group a further £3m to £5m a year.

Dart said in a statement: "The board is currently further reviewing its options to mitigate the future financial impact on its air travel operations."

It added: "Safety has always been Jet2.com's first priority. Aircraft have duplicate and triplicate systems to ensure that flights may continue to their destination safely. However, certain technical issues can prevent or delay departures. For these the company has back-up and contingency plans to minimise inconvenience to customers."

Shares in Dart fell 34.5p or 13.2% to 226.5p at 11:25 in London.

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Jet2 Market Data

Currency UK Pounds
Share Price 1,360.00p
Change Today -7.00p
% Change -0.51 %
52 Week High 1,519.00
52 Week Low 991.50
Volume 349,166
Shares Issued 214.68m
Market Cap £2,919.67m

Jet2 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.31% below the market average9.31% below the market average9.31% below the market average9.31% below the market average9.31% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
60.81% above the market average60.81% above the market average60.81% above the market average60.81% above the market average60.81% above the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Income
55.97% below the market average55.97% below the market average55.97% below the market average55.97% below the market average55.97% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
63.77% above the market average63.77% above the market average63.77% above the market average63.77% above the market average63.77% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average

What The Brokers Say

Strong Buy 7
Buy 7
Neutral 1
Sell 0
Strong Sell 0
Total 15
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
  Interim Final
Ex-Div 28-Dec-23 21-Sep-23
Paid 02-Feb-24 25-Oct-23
Amount 4.00p 8.00p

Trades for 15-May-2024

Time Volume / Share Price
16:51 206 @ 1,360.00p
16:35 4,441 @ 1,360.00p
16:35 113,019 @ 1,360.00p
16:35 265 @ 1,360.00p
16:35 757 @ 1,360.00p

Jet2 Key Personnel

CEO Stephen Heapy

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