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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Dart Group PLC    DTG   GB00B1722W11

DART GROUP PLC

(DTG)
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Delayed Quote. Delayed London Stock Exchange - 11/15 11:35:19 am
1325 GBp   +5.16%
11/08EasyJet, Jet2.com buy Thomas Cook's UK airport slots
RE
11/08EasyJet, Jet2.com buy Thomas Cook's UK airport slots
RE
10/17DART GROUP PLC : Trading Update
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EasyJet, Jet2.com buy Thomas Cook's UK airport slots

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11/08/2019 | 09:29am EST
An EasyJet passenger aircraft  prepares for take off from Gatwick Airport in southern England, Britain

British budget airlines easyJet and Jet2.com have bought the take-off and landing slots of failed travel company Thomas Cook at London Gatwick and Manchester airports, respectively.

Thomas Cook's UK business and airline went into immediate insolvency when the company collapsed in September, and a court appointed an official receiver to liquidate its assets.

EasyJet bought Thomas Cook's slots at London Gatwick and Bristol airports for 36 million pounds, while Jet2.com, owned by Dart Group, bought slots at Manchester, Birmingham and Stansted for an undisclosed price.

London Gatwick and Manchester had been Thomas Cook's main UK bases, and the liquidators have now sold all the available slots in Thomas Cook's UK portfolio.

EasyJet acquired 12 of summer slot pairs and 8 winter slot pairs at Gatwick, plus six summer slot pairs and one winter slot pair at Bristol, in the deal. The airline added that contractual terms had been concluded.

Last month Hays Travel bought Thomas Cook's network of British travel agent shops, while China's Fosun, which had been the largest shareholder of the group, bought the Thomas Cook brand last week.

The collapse of Thomas Cook, the world's oldest travel company stranded tens of thousands of passengers as its UK business immediately stopped trading.

Its Nordic business was rescued last month, while its German airline Condor is still operating.

(Reporting by Alistair Smout; Editing by Emelia Sithole-Matarise and Louise Heavens)

Stocks mentioned in the article
ChangeLast1st jan.
DART GROUP PLC 5.16% 1325 Delayed Quote.71.63%
EASYJET 0.58% 1302 Delayed Quote.17.83%
VINCI 0.39% 102.05 Real-time Quote.41.70%
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Latest news on DART GROUP PLC
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Financials (GBP)
Sales 2020 3 676 M
EBIT 2020 195 M
Net income 2020 136 M
Finance 2020 343 M
Yield 2020 0,86%
P/E ratio 2020 14,6x
P/E ratio 2021 13,3x
EV / Sales2020 0,44x
EV / Sales2021 0,39x
Capitalization 1 973 M
Chart DART GROUP PLC
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Technical analysis trends DART GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 1 140,00  GBp
Last Close Price 1 325,00  GBp
Spread / Highest target -3,40%
Spread / Average Target -14,0%
Spread / Lowest Target -32,1%
EPS Revisions
Managers
NameTitle
Philip Hugh Meeson Executive Chairman
Gary James Brown Group Chief Financial Officer & Executive Director
Mark Aubrey Seymour Laurence Independent Non-Executive Director
Stephen Paul Heapy Executive Director
Richard Green Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
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INTERNATIONAL CONSOLIDATED AIRLINES GROUP, SA-9.81%14 266