Chairman's Statement
Profit before
taxation which includes a £2.6m loss for
foreign exchange revaluations (2018: £20.0m gain) increased by 36% to £177.5m
(2018: £130.2m). Before accounting for these revaluation losses, profit before FX revaluations and taxation
increased by 63% to £180.1m (2018: £110.2m). Basic earnings per share increased by 36% to 97.98p (2018: 72.16p).
read more
Business & Financial Review
The Group’s financial performance for the year ended 31 March 2019
is reported in line with International Financial Reporting Standards (“IFRS”),
as adopted by the EU.
Summer 2018 proved to be a particularly strong season for our
Leisure Travel business, as demand for both our flight-only offering from Jet2.com
and our higher margin package holiday product from Jet2holidays proved
buoyant throughout. However, the favourable trading conditions gave way to a
more uncertain consumer environment in the second half of the year, which led
to increased levels of price discounting to achieve the planned growth in
customer volumes. Overall, Leisure Travel revenue increased by 34% to £2,964.4m
(2018: £2,211.4m), and together with a 6% increase in Distribution &
Logistics revenue to £178.7m (2018: £168.6m), Group revenue increased by 32% to
£3,143.1m (2018: £2,380.0m).
read more
Financial Statements
Including the Consolidated Group Income Statement, Consolidated Group Balance Sheet, and Consolidated Group Cash Flow Statement.
read more