Summer holiday cheer for Dart Group

Shares in Dart Group, which runs the Jet2 budget airline and package-holiday group, rose after miserable weather and tightened family finances resulted in a surprisingly strong summer holiday season.

Passenger numbers at its package holiday division, Jet2holidays, almost doubled year on year to 312,000 as families opted for all-inclusive deals when trying to escape Britain’s wet summer.

Philip Meeson, chief executive, said: “Package holidays give you certainty. You know what you’re going to spend. It’s attractive to a family on a tight budget.”

In total, the group expects to have 400,000 passengers over the year to March 2013 and up to 600,000 the year after.

Dart Group cautioned that it faced “increased losses” in the second half of the year to the end of March, as the business became increasingly seasonal. But the group said it would “exceed market expectations” for the year to March.

After enjoying their biggest single session gain in 18 months on Wednesday, shares in the group closed up 4.6 per cent over the week.

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