Jet2 announce record profits
13.09.08
Leeds Bradford Airport based budget airline Jet2 has been quick to point out that it has made record profits after the collapse of XL yesterday. The budget airline's chief executive, Philip Meeson, said: ‘We had another great summer, our aircraft have been full and we have made record profits, in fact we are expecting our parent company’s half-year profits to be in excess of £30 million’.
‘We have been able to hedge our fuel, plan ahead and ensure we offer Jet2’s low fares to our customers’ favourite European leisure destinations from our six regional UK bases. And we have recorded our best ever load factors – in excess of 90 percent.’
In a statement, parent company Dart Group said: ‘By focusing on its core European leisure routes, Jet2 is delivering improved yields [average fares] coupled with load factors on these routes in excess of 90 percent in the peak months. Trading performance has been supported by increased charter volumes, strong cost control, and a conservative approach to fuel hedging’.
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