It was said at the last AGM that the company was looking to place a new big order but I guess they are playing A against B.
As for TUI and TCG reporting poor number............not one Analyst has commented why. We had hot summer and a poor Lates market etc etc.
There was one other big reason ,they are both loosing market share to Jet2. You don't arrive at 3m holidays and get 66% growth in 2 years from nobody.
I have one more suggestion re future expansion it will come as TCG goes under. This is a pretty big call and I feel for those working there but it is on a cliff edge.
The one profitable part the Airline is going to have to be sold to try and reduce debt. Did anyone see yesterdays announcement? They may have breached their internal borrowing limit/covenants.
They have 1.5b in debt net. Customer pre payments keeping them alive.
The low prices and competitive market is killing them. If everyone thinks selling the crown jewels will save them they are wrong.
The business carries too many costs.
So 1 to 2 million extra customers will be available in my opinion.
Its a fast changing world out there but Jet 2 will soon be No1 and long may it continue.
The service levels are way in front of the others.
I am a shareholder by the way.