Dart results fail to reassure

AIM-listed travel firm Dart Group (LON:DTG) saw its share price drop by 4.58% to 728.50p (as of 15:35 BST) after reporting an 11% decline in pre-tax profits for the year ended 31st March. Revenues for the period grew by 21%. From mid-March, the group has taken steps to maintain its cash position in order to rapidly resume activities once restrictions are lifted and consumer demand rebounds.

During the current year, performance will be largely determined on the permitted levels of flying for the summer season and there is extremely limited revenue visibility for the second half of the year.