JET2 Jet2 Plc

TIDMDTG

RNS Number : 3116N

Dart Group PLC

05 September 2013

Dart Group PLC (The "Group")

AGM Statement

Dart Group PLC is pleased to announce that all of the ordinary and special resolutions proposed at today's Annual General Meeting were approved.

Commenting on current trading, Philip Meeson, Group Chairman and Chief Executive, said:

"Summer 2013 trading in our leisure travel businesses has been satisfactory despite the fine weather experienced in the North this year. Our Leisure Airline, Jet2.com, has achieved higher yields and load factors than during Summer 2012 although operating margins remain under pressure. Our Package Holidays business, Jet2holidays, continues to meet its substantial passenger growth targets and will provide approximately 30% of the Group's Summer 2013 leisure travel customers.

The coming Winter months continue to provide limited opportunity for revenue growth, which is increasingly focused on the Summer season.

Fowler Welch, our Distribution & Logistics business, continues to trade in line with expectations, focusing on growing its revenue pipeline and delivering operational efficiency improvements.

The Board remains cautiously optimistic in relation to profit growth and currently expects to meet market expectations for the financial year ending 31 March 2014."

For further information contact:

 
 Philip Meeson                           Mobile: 07785 258666 
  Group Chairman and Chief Executive 
 Gary Brown                              Tel: 0113 238 7444 
  Group Chief Financial Officer           Mobile: 07739 208969 
 Andy Pedrette / Siobhan Sergeant        Tel: 020 7131 4000 
  Smith & Williamson Corporate Finance 
  Limited 
 Peter Stewart / Mark Whitmore           Tel: 020 7523 8000 
  Canaccord Genuity 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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