Jet2 Airlines has seen an increase in customer demand following the collapse of Thomas Cook.
Dart Group, owner of the leisure airline, has seen its shares jump following the trading announcement which also provided a boost for the share prices of airline rivals Tui and easyJet.
In a trading statement, Dart Group said: “We have also experienced increased levels of customer demand since Thomas Cook Group Plc entered into compulsory liquidation in late September 2019 and we continue to assess the impact this will have for our business in the coming months.
“Given the strengthening booking trend, the board now believes that current market expectations for group profit before foreign exchange revaluations and taxation for the year ending March 31, 2020, will be exceeded. The board will provide a further update on publication of its interim results on November 21 2019.”
Thomas Cook ceased trading last month after failing to secure a last-ditch rescue deal. It was unable to find the extra £200 million needed to keep the business afloat following a day of talks with its major shareholder and creditors.
Earlier this week, "Operation Matterhorn" was concluded as final flights landed bringing holidaymakers home as part of the Thomas Cook emergency repatriation plan.