FINANCIAL REPORTING AND ANALYSIS

Assignment: Dart Group, PLC



Assignment: The Dart Group PLC

Question 1 (a)

Dart Group is a provider of aviation services specialized in the operation of low-cost and charter air services throughout Europe, and the distribution of fresh produce, temperature-controlled products to supermarkets and wholesale markets throughout the UK. It has approximately 1280 employees on board. The group is a listed company on London Stock Exchange, its ticker is DTG.L.

The strategy of the Dart Group PLC is the sustenance of continuous efforts towards the growth of each and every business organically by ensuring superior quality services to its valued customers; also, it focuses on meeting, rather exceeding, the expectations and needs of its valued customers in each and every business sector.

The group operates through two business segments: aviation services and distribution. The aviation services segment operates through the group's subsidiary Jet2.com, which offers low cost scheduled services, charter passenger services, and cargo services. The company is based at Leeds Bradford International Airport in the north of England and operates low cost services to European destinations. It also runs charter passenger flights from Stansted and other European airports.

Dart Group is dependent on tourists and vegetables. The aviation segment of the company, Jet2.com, operate regular passenger flights from and to different routes, and charter flights, to more than 50 recreation sports and companies, within and outside Europe. It also carries mail and cargo for Royal Mail. Jet2.com flies a fleet of 35 Boeing 737 aircraft and 757 different databases in the UK. Another important group segment, Fowler-Welch Coolchain, deals in transportation of fresh produce and other temperature controlled products to supermarkets and their suppliers, particularly in the UK but in continental Europe, through 300 tractors and 700 trailers. FowlerWelch-Coolchain has storage and distribution of standard dry cargo. Among its customers are world renowned superstores like Tesco and Asda.

Jet2.com offers low cost passenger flights from six UK bases and provides the consumer with over 80 routes throughout its network. Its air bases include: Belfast, Blackpool, Edinburgh, Leeds Bradford, Manchester, and Newcastle. It also offers tour operator services through Jet2holidays.com by offering various holiday packages on scheduled services from regional airports.

The distribution business segment is operated through the company's subsidiary, Fowler Welch-Coolchain. Fowler WelchWelch Ambient consolidates and distributes flowers, fresh produce and temperature-controlled goods to wholesale markets, major retailers such as Wm Morrisons, Somerfield and Tesco and supermarkets across the UK and Northern Europe.

There was a time when there was the lack of technological development. As time passed and technology began to develop at a rapid pace, Dart Group, PLC also updated itself from time to time. Now, this is an organization that can be considered as an epitome of technological advancement. This is an organization that has embraced technology and responded well to the technological changes. Technological changes and advancement keep the customers close to the organizations. Rivals of Dart Group, PLC keep a much closer relationship with customers with the help of online feedback and frequent and quick flow of ...