Jet2holidays Fowler Welch Fowler Welch Fowler Welch Jet2holidays

Company Announcements

AGM Statement 6 September 2012

06th September 2012

6 September 2012

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 2012 trading in our leisure travel businesses has been encouraging.  Our Leisure Airline business,, has achieved higher yields and load factors than Summer 2011, despite continued expansion of its flying programme, although operating margins remain under pressure.  Our Package Holidays business, Jet2holidays, continues to meet its substantial passenger growth targets.  With limited opportunity for revenue growth in the Winter months, our leisure travel operations are becoming increasingly seasonal. 

Fowler Welch, our Distribution & Logistics business, continues its careful delivery of revenue growth in a sector continuing to experience tight margins.  The business continues to trade in line with expectations.

The Board is mindful of the current economic climate and remains cautious about profit growth. However, it is confident of meeting market expectations for the current year."

For further information contact:

Dart Group PLC


0113 238 7444

Philip Meeson

Group Chairman and Chief Executive


07785 258666

Andrew Merrick

Group Finance Director


07788 565358

Andy Pedrette / Siobhan Sergeant

Smith & Williamson Corporate Finance Limited


020 7131 4000

Written by Will

Posted in

September 06, 2012 at 10:57

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