Dart Group PLC - AGM Statement and Proposed Name Change
Annual General Meeting Statement and Proposed Name Change
At the Company's Annual General Meeting today,
"After grounding our aircraft fleet in mid-March, we were pleased to resume operations on 15 July, gradually ramping up Summer 2020 flying to approximately 40% of our planned destinations for August, ensuring we could provide as many of our customers as possible with their well-deserved and eagerly anticipated summer holidays.
Whilst there have been setbacks, such as the imposition of quarantines and evolving guidance from the
Winter 20/21 forward bookings have yet to match our revised on-sale seat capacity, with customer bookings displaying a shorter lead time than in previous years. Therefore, pricing for both our leisure travel products - end-to-end package holidays with
For Summer 2021, we plan to fly to all our popular leisure destinations with an appropriate, tailored level of service, which we anticipate will be close to Summer 2019 seat capacity levels. Bookings to date are encouraging, with average load factors ahead of the same point last year and package holiday customer numbers as a proportion of total departing customers showing a material increase.
As at 28 August, our Total Cash balance was
Following the sale of our Distribution and Logistics business,
We are delighted to announce that
This is an exciting day for our Company. Our business has evolved significantly over the last decade and we believe now is the right time to align our Group name with the brand under which our business is delivered. Whilst what we are called is changing, the way in which we do business will not alter as our "Customer First" strategy will remain consistent. The combined power of our proposition, product and people is what will fuel our ongoing success, as we constantly seek to improve our customers' holiday choice, experience and enjoyment, giving us the greatest opportunity to retain and attract new customers - the key to continuing profitable growth!
Our long-term ambition therefore remains - To be the Leading
The restrictions on working that have been imposed by
For further information please contact:
0113 239 7817
020 7397 8900
020 7523 8000
020 7614 5900
020 7466 5000
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