Some interesting developments at jet 2:
1. Auditor resigns over inter group aircraft leasing arrangement irregularities.
2. Dart Group the owners of JET2/Channel, forced to move from main stock exchange listing to AIM market as unable to fulfil requirements.
3. Fuel hedging at $230 a ton expires in August.
Some interesting questions??
Why would an auditor resign from a PLC over inter group leasing arrangements?
Why would a PLC be forced to go main listing to AIM, Normally it’s the other way around?
How will Jet 2 cope with an a doubling of fuel pricing in august. Current market rate is about $500?
Any thoughts, anyone??