Jet2 Reports Increased Demand Following Thomas Cook Collapse

Jet2 Reports Increased Demand Following Thomas Cook Collapse

Dart Group, the owner of Jet2 and Jet2holidays, mentioned that the company has “experienced increased levels of customer demand” following the collapse of Thomas Cook. Thomas Cook Group, including the UK tour operator and airline,¬†collapsed into liquidation¬†in September.

In a trading update, the Leeds-headquartered company said it had “experienced increased levels of customer demand” following the collapse of its rival, and would “continue to assess the impact” of it on its business. The listed company also reported “encouraging levels of later season bookings” in its leisure travel business, with rising demand for both flight-only and package holiday products.

As a result, the board now expects to exceed market expectations for group profit before foreign exchange revaluations and taxation for the year ending 31 March 2020.

“Given the cost pressures the travel industry is facing in general, which will intensify given the weakness in sterling, plus the deepening Brexit uncertainty and the impact this may have on consumer confidence, we remain very cautious in our outlook,” added Dart Group, the owners of Jet2.

Share this post

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email