Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us Operator Dart Rises as Britons Seek Sun: London Mover

Dart Group Plc, the operator of leisure airline, rose the most in more than two years after saying full-year earnings will beat market expectations as a drizzly British summer spurred growth in holiday travel.

The shares surged 10 percent, the biggest gain since April 2010, to 84.25 pence in London.

“Strong summer trading” means that pretax profit in the six months through September will surpass last year’s performance in the period, Leeds, England-based Dart said today in a statement. Full-year earnings will “exceed current market expectations” even with increased seasonal losses in the second half. flew 3.6 million passengers in the six months, an increase of 14 percent from a year earlier, it said today. Jet2holiday, its package holiday operation, served 312,000 passengers, a gain of 97 percent.

“They traded very well in the first half,” Chris Thomas, a Bristol, England-based analyst at Arden Partners Ltd., said by phone. Thomas, who has a buy recommendation on the shares, raised his estimate of full-year profit to 32 million pounds ($51.3 million) from 30 million pounds.

Dart operates from airports in the north of England, including Leeds Bradford and Manchester. Fowler Welch, Dart’s distribution and logistics business, traded in line with expectations, the company said.

The volume of trading was more than 960,000 shares, almost eight times the daily average over the past three months.

Dart’s sales rose 26 percent in the last fiscal year to 683 million pounds, with net income up 31 percent to 22.7 million pounds.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.