Shares take off for Dart Group as low cost airline continues growth
Yorkshire Post, 18 November 2005
With plans to roll out more services across the North of England and add larger planes to its fleet, low cost airline Jet2.com is helping to drive the fortunes of its parent, Dart Group, which saw its share price rise 16 per cent yesterday.
The airline carried 1.25m passengers to continental destinations from its main Leeds Bradford and Manchester airport bases between April and September and it has since added new services from Newcastle and Blackpool airports with plans to add further routes from Edinburgh and Belfast.
Dart Group Chairman and Jet2.com's boss Philip Meeson said that the airline will replace its 148-seat Boeing 737-300 aircraft with 235-seat Boeing 757-200s as demand increases on certain destinations.
The larger aircraft have a greater range, giving the airline a wider choice of possible destinations, including Tenerife where it has just launched its new winter service from Leeds Bradford Airport.
Philip also said "we believe there is considerable potential for substantial growth in the low-cost sector and that by offering a friendly product at the lowest possible price Jet2.com will be a successful competitor in this exciting field. We will add a service from Leeds Bradford to Milan in the spring and another exciting destination will be unveiled soon"
Jet2.com plans further ascent
Financial Times, 18 November 2005
Jet2.com, the low cost airline arm of Dart Group, plans further rapid expansion from its North of England bases, both with larger aircraft and more destinations.
Jet2.com has now opened five bases at Leeds Bradford, Manchester, Newcastle and Belfast airports and, this month, Blackpool airport.
In the six months to September 30, group pre-tax profit trebled from £6.2m to £18.2m. Jet2.com passenger volumes from its main Leeds Bradford and Manchester bases more than doubled from 570,000 to 1.25 million.