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Dart benefits from Thomas Cook collapse

The travel group has seen an increased level of customer demand since the collapse of its larger rival
Dart benefits from Thomas Cook collapse

Dart (DTG) is proving to be a beneficiary in the aftermath of the collapse of Thomas Cook. The travel company reported increased levels of customer demand since the collapse of its larger rival in late September, with encouraging levels of later season bookings across both the flight-only Jet2 and packaged holidays Jet2holidays products. As a result, management now expects to beat current market expectations for pre-tax profit at constant currency for the year to March 2020.

IC TIP: Hold at 1063p

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