Margins under pressure at Fowler Welch

Leeds:  Dart Group, which owns Fowler Welch and Jet2holidays, expects its pre-tax profits for the year to the end of March will be in line with current market forecasts.

Business volumes are “satisfactory” at Fowler Welch but margins remain under pressure the company said in a statement.

The group says cash flow generation from operations remains strong and it had continued to invest in further growth, particularly in its aircraft fleet.