Originally Posted by
Kinocker
It's hard to see where Jet 2 go from here, there will be no summer holiday market this year. Can they survive on zero income until the winter, make it through the winter low season and last until the next high season in summer 2021? You would think they will need government assistance to do so.
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Jet2 are fortunate in that they are sitting on a healthy cash reserve which won’t dry up for a few months even with an entirely grounded fleet. Add to that a management team that are very smart, and know exactly what and what not to do and when.
They also have a very loyal customer base especially in the North, so when this eventually does blow over, they won’t be short of bookings