Jet2 observes demand lift after Thomas Cook failure

Jet2 is experiencing an uplift in demand following the demise of Thomas Cook Group, and its parent is expecting higher full-year profits as a result. Dart Group states that its leisure travel division had already been observing "encouraging levels" of later-season bookings, with its package holiday and flight-only products "continuing to strengthen". But it adds that the collapse of Thomas Cook in the last week of September has generated "increased" customer demand. For its previous full year, to March 31, 2019, the company disclosed that 49% of its overall flown customers were package holiday passengers. Package holiday customer numbers also rose faster than those opting for the flight only. Dart Group's operating profit for its leisure travel arm rose by 63% during the year to nearly US$372m. <br/>