View source for Jet2 plc

{{Short description|British multinational airline company}}
{{Use dmy dates|date=February 2014}}
{{Use British English|date=February 2014}}
{{Infobox company
| name = Jet2 plc
| logo = Jet2PLC logo.png
| logo_size = 
| logo_alt = 
| logo_caption = 
| logo_padding = 
| image = Jet2.com headquarters, Leeds Bradford International Airport (24th July 2010) 003.jpg
| image_size = 
| image_alt = 
| image_caption = Jet2.com headquarters
| trade_name = 
| native_name = 
| native_name_lang = 
| romanized_name = 
| former_name = Carpenter's (1971–1975)<br />Express Air Freight (1975–1983)<br />Channel Express (1983–1991)<br />Dart Group plc (1991–2020)
| type = [[Public limited company]]
| traded_as = {{AIM|JET2}}
| ISIN = 
| industry = 
| foundation = 
| founder = 
| coordinates = 
| location = [[Leeds]], England, UK
| area_served = 
| key_people = Steve Heapy (Chief Executive Officer)
| products = Charter and scheduled passenger airlines, [[package holiday]]s, [[cruise line]]s, hotels and resorts
| brands = 
| services = 
| revenue = {{increase}} £5,003.5 million (2023)
| operating_income = {{increase}} £394.0 million (2023)
| net_income = {{increase}} £290.8 million (2023)
| assets = {{increase}} £3.38 billion (2020)<ref name="sharesmagazine.co.uk">{{Cite web|url=https://www.sharesmagazine.co.uk/shares/share/JET2/fundamentals|title = Jet2 PLC (JET2) - Director Deals &#124; Shares Magazine}}</ref>
| equity = {{increase}} £634.10 million (2020)<ref name="sharesmagazine.co.uk"/>
| members = 
| num_employees = 
| divisions = 
| subsid = [[Jet2.com]]<br />[[Jet2holidays]]
| owner = 
| website = {{url|https://www.jet2plc.com}}
| footnotes = 
| intl = 
}}
'''Jet2 plc''' (formerly '''Dart Group plc''') is a British multinational airline company based in [[Leeds]], England.

Its head office is listed as Low Fare Finder House on the grounds of [[Leeds Bradford Airport]], England.<ref>"[http://www.dartgroup.co.uk/Contacts/ Contacts]." Dart Group. Retrieved on 31 December 2011. "Registered Office Dart Group PLC Low Fare Finder House Leeds Bradford International Airport Leeds LS19 7TU United Kingdom"</ref> Subsidiary [[Jet2.com]] has its head office in the same building.<ref>"[http://www.jet2.com/TermsOfUse.aspx Jet2.com Terms Of Use] {{Webarchive|url=https://web.archive.org/web/20111216183002/http://www.jet2.com/TermsOfUse.aspx |date=16 December 2011 }}." Jet2.com. Retrieved on 31 December 2011. "Registered office: Low Fare Finder House, Leeds Bradford Airport, Leeds, LS19 7TU."</ref> The commercial operations for the company are based at Holiday House, an office building in Leeds' city centre.

The company's name for most of its existence was derived from the type of aircraft that it first flew, the [[Handley Page Dart Herald]]. After selling off other units, the company rebranded as Jet2 in 2020. The stock ticker symbol also changed to Jet2 to reflect the name change.

==History==
[[File:Dart Group logo.svg|thumb|right|Dart Group logo used until 2020.]]

===Leased aircraft===
The company's operations originated in 1971 when Art Carpenter formed two companies: Carpenter's Air Services Ltd to fly flowers using contracted aircraft to the UK mainland from [[Guernsey]]; and Carpenter's Transport to distribute the flowers on the UK mainland to wholesale markets. In 1975, these two companies became Express Air Freight.

===Purchase of aircraft===
In 1978, the company purchased [[Handley Page Dart Herald]] aircraft to fly flowers and fresh produce from the Channel Islands to [[Bournemouth Airport]], and consumer goods from the UK via Bournemouth to the Channel Islands. In 1979, it became Express Air Services and flew contracts for the [[Royal Mail]] to the Channel Islands from [[Bournemouth]], [[Bristol]] and [[Liverpool]] from 1980.

===Purchase by Philip Meeson===
In 1983, the company changed its name to identify with its regional route, becoming three companies under the '''Channel Express''' name, which had the air freight, running of the two Dart Herald aircraft, and the distribution within the UK as separate operations. It was purchased in 1983 by Philip Meeson, becoming '''Channel Express Group'''. It was split into Aviation Services and Distribution divisions. In 1985, a third Dart Herald aircraft was bought, which flew an overnight parcels service from [[Birmingham Airport]] to [[Nuremberg]] and [[Hanover]].

===Flotation===
Channel Express Group Ltd floated on the UK's [[Unlisted Securities Market]] (USM) and had seven Super Dart Herald aircraft. In 1989, it bought the first of three [[Lockheed L-188 Electra|Lockheed Electra]] aircraft, as well as having nine Super Dart Herald aircraft. In 1991, the company changed its name to '''Dart Group plc''' and floated on the [[London Stock Exchange]].

===Fowler Welch===
In 1994, it purchased the Spalding-based company Fowler Welch, a [[Refrigerator truck|temperature-controlled]] distribution company. The first of seven [[Fokker F27]] aircraft was purchased in 1994. Its airline group, Channel Express (Air Services), bought its first 257-seater [[Airbus A300|Airbus A-300B4]] in 1996. It was converted to become a freighter at BAE Systems in [[Filton]]. A southern distribution centre was built in [[Portsmouth]] in 1999 under the Channel Express name. The Coolchain distribution company in Kent was bought in 1999. By 2000 the company had 1,500 employees and two divisions (air and freight distribution). In 2001, two [[Boeing 737]] aircraft were purchased with a ''quick-change'' facility allowing a freight aircraft to transform into a passenger aircraft in only 30 minutes.

On 1 June 2020 it was confirmed that Dart Group PLC had sold Fowler Welch for £98&nbsp;million to [[Culina Group]] Limited.<ref>{{cite news|url=https://www.yorkshireeveningpost.co.uk/business/consumer/jet2com-owner-ps98m-sell-2870194|title=Jet2.com owner in £98m sell off|newspaper=The Yorkshire Evening Post|accessdate=1 June 2020}}</ref>

===Jet2.com===
In 2002, four [[Boeing 737]] aircraft were purchased with two becoming 737 QC (quick change) aircraft and two as passenger aircraft. From February 2003, the '''Jet2''' [[Low-cost carrier|low-cost airline]] began flying from [[Leeds Bradford Airport]] to mainland Europe destinations. Fowler-Welch and Coolchain merged to become Fowler-Welch Coolchain Ltd in 2003. Eight Boeing 737-300 aircraft (of which five were passenger aircraft) were purchased in 2003 to bring the total to 12. In 2004, six more Boeing 737-300 passenger aircraft were purchased, and routes from [[Belfast International Airport]] started in April and from [[Manchester Airport]] in December. In 2005, routes began from [[Newcastle International Airport|Newcastle Airport]] in October and two [[Boeing 757|Boeing 757-200]] aircraft were purchased. In 2006, six more Boeing 757-200 passenger aircraft were bought and the Channel Express Portsmouth distribution base was sold to [http://www.ferryspeed.com Ferryspeed C.I. Ltd] in June. A [[package holiday]] company, [[Jet2holidays]], was formed in January 2007.

== Corporate Affairs ==
Below is the financial information of Jet2 plc and its predecessor Dart Group plc:
{| class="wikitable"
|+
!Year
!Revenue
!Net Income
|-
|2002/03<ref>{{cite web |url=https://www.jet2plc.com/uploadedfiles/dart-june2003.pdf |title=Dart Group plc Annual Report 2003 |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= }}{{Dead link|date=October 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
|£197.46 million
|£7.41 million
|-
|2003/04<ref>{{cite web |url=https://www.jet2plc.com/uploadedfiles/june2004.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= }}{{Dead link|date=October 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
|{{Increase}}£228.2 million
|{{Decrease}}£5.65 million
|-
|2004/05<ref>{{cite web |url=https://www.jet2plc.com/uploadedfiles/dart-june2005.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= }}{{Dead link|date=October 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
|{{Increase}}£267.99 million
|{{Decrease}}£5.61 million
|-
|2005/06<ref>{{cite web |url=https://www.jet2plc.com/uploadedfiles/dart2006.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= }}{{Dead link|date=October 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
|{{Increase}}£310.1 million
|{{Increase}}£11.2 million
|-
|2006/07<ref>{{cite web |url=https://www.jet2plc.com/uploadedfiles/dart2007.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= }}{{Dead link|date=October 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
|{{Increase}}£349 million
|{{Increase}}£13.6 million
|-
|2007-08<ref>{{cite web |url=https://www.jet2plc.com/uploadedfiles/dart2008.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= }}{{Dead link|date=October 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
|{{Increase}}£429.3 million
|{{Decrease}}£8.7 million
|-
|2008-09<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/DartReport09.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=24 October 2020 |archive-url=https://web.archive.org/web/20201024153645/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/DartReport09.pdf |url-status=dead }}</ref>
|{{Increase}}£439.3 million
|{{Increase}}£27.1 million
|-
|2009-10<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_%28Images,_docs_etc%29/Documents/Report_And_Accounts/DartReport10.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=20 October 2020 |archive-url=https://web.archive.org/web/20201020081035/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/DartReport10.pdf |url-status=dead }}</ref>
|{{Decrease}}£434.5 million
|{{Decrease}}£15.6 million
|-
|2010-11<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_%28Images,_docs_etc%29/Documents/Report_And_Accounts/DartReport11.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=20 October 2020 |archive-url=https://web.archive.org/web/20201020080419/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/DartReport11.pdf |url-status=dead }}</ref>
|{{Increase}}£542.9 million
|{{Increase}}£17.3 million
|-
|2011-12<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_%28Images,_docs_etc%29/Documents/Report_And_Accounts/complete_results_2011-12.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=20 October 2020 |archive-url=https://web.archive.org/web/20201020093144/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/complete_results_2011-12.pdf |url-status=dead }}</ref>
|{{Increase}}£683 million
|{{Increase}}£22.7 million
|-
|2012-13<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/complete_results_2012-13.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=24 October 2020 |archive-url=https://web.archive.org/web/20201024135821/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/complete_results_2012-13.pdf |url-status=dead }}</ref>
|{{Increase}}£869.2 million
|{{Increase}}£31.2 million
|-
|2013-14<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources/Documents/pdf/Dart-group-AR2014_140730.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=24 October 2020 |archive-url=https://web.archive.org/web/20201024142913/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources/Documents/pdf/Dart-group-AR2014_140730.pdf |url-status=dead }}</ref>
|{{Increase}}£1.12 billion
|{{Increase}}£35.9 million
|-
|2014-15<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources/Documents/pdf/Dart-Group-AR2015.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=28 February 2021 |archive-url=https://web.archive.org/web/20210228222459/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources/Documents/pdf/Dart-Group-AR2015.pdf |url-status=dead }}</ref>
|{{Increase}}£1.25 billion
|{{Decrease}}£32.8 million
|-
|2015-16<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/Report-and-Accounts-2016.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=24 October 2020 |archive-url=https://web.archive.org/web/20201024145314/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/Report-and-Accounts-2016.pdf |url-status=dead }}</ref>
|{{Increase}}£1.4 billion
|{{Increase}}£88.8 million
|-
|2016-17<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/Report-and-Accounts-2017.pdf |archive-url=https://web.archive.org/web/20201020081235/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/Report-and-Accounts-2017.pdf |url-status=dead |archive-date=20 October 2020 |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= }}</ref>
|{{Increase}}£1.72 billion
|{{Decrease}}£76.7 million
|-
|2017-18<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Content/Pages/Company_Reports_post_2009/Report_and_Accounts_2018/Dart%20Group%20AR2018%20web%20ready.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=20 October 2020 |archive-url=https://web.archive.org/web/20201020092726/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Content/Pages/Company_Reports_post_2009/Report_and_Accounts_2018/Dart%20Group%20AR2018%20web%20ready.pdf |url-status=dead }}</ref>
|{{Increase}}£2.22 billion
|{{Increase}}£108.9 million
|-
|2018-19<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/Dart-AR2019.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=20 October 2020 |archive-url=https://web.archive.org/web/20201020085418/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Shared_Resources_(Images,_docs_etc)/Documents/Report_And_Accounts/Dart-AR2019.pdf |url-status=dead }}</ref>
|{{Increase}}£3.14 billion
|{{Increase}}£145.6 million
|-
|2019-20<ref>{{cite web |url=https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Content/Pages/Company_Reports_post_2009/Report_and_Accounts_2019(1)/Dart-AR-2020_LR-v2.pdf |date= |publisher=Dart Group PLC |access-date=12 January 2021 |quote= |title=Archived copy |archive-date=29 April 2021 |archive-url=https://web.archive.org/web/20210429161932/https://www.jet2plc.com/uploadedFiles/Dart_Group_Plc/Content/Pages/Company_Reports_post_2009/Report_and_Accounts_2019(1)/Dart-AR-2020_LR-v2.pdf |url-status=dead }}</ref>
|{{Increase}}£3.58 billion
|{{Decrease}}£116 million
|-
|2020-21<ref>{{cite web 
|url=https://www.jet2plc.com/-/media/jet2/Flights/pdf/Jet2_PLC/Annual_report_2021.pdf |date= |publisher=Dart Group PLC |access-date=5 April 2023 |quote=}}</ref>
|{{Decrease}}£395.4 million
|{{Decrease}}£(271.2) million
|-
|2021-22<ref>{{cite web 
|url=https://www.jet2plc.com/-/media/Jet2/Flights/pdf/Jet2_PLC/Annual_report_2022 |date= |publisher=Dart Group PLC |access-date=5 April 2023 |quote=}}</ref>
|{{Increase}}£1.23 billion
|{{Decrease}}£(315.4) million
|-
|2022-23<ref>{{Cite web |title=Supplemental Information 3: An excerpt from Data Downloads page, where users can download original datasets. |doi=10.7717/peerj.9467/supp-3 |doi-access=free }}</ref>
|{{Up}}£5.03 billion
|{{Up}}£290.8 million
|}

==Operations==
{{unreferenced section|date=January 2021}}
The company has the [[Jet2.com]] low cost airline that has its headquarters on the grounds of Leeds Bradford Airport, along with its subsidiary [[Jet2holidays]]. The airline operates from 10 UK bases, such as Leeds Bradford International, [[Newcastle International Airport]], [[Edinburgh Airport]], [[Manchester Airport]], [[Glasgow Airport]], [[Belfast International Airport]], [[East Midlands Airport]], [[Birmingham Airport]], [[London Stansted Airport]] and [[Bristol Airport]]. They also have 3 overseas bases, [[Alicante Airport]], [[Palma de Mallorca Airport]] and [[Tenerife South Airport]]. In March 2024, Jet2.com launched operations from [[Liverpool John Lennon Airport]].

==See also==
{{Portal|Yorkshire|Companies|Aviation}}
* [[Jet2.com destinations]]

== References ==
<references />

==External links==
* {{official website|http://www.jet2plc.com/}}

{{Authority control}}

[[Category:Companies based in Leeds]]
[[Category:Holding companies established in 1991]]
[[Category:Defunct shipping companies of the United Kingdom]]
[[Category:Logistics companies of the United Kingdom]]
[[Category:Transport in Guernsey]]
[[Category:1991 establishments in England]]
[[Category:Companies listed on the Alternative Investment Market]]
[[Category:British companies established in 1991]]