still profitable though
The announcement today indicates that this years pre-tax profit is going to be the same as last year...OK so the shares have dipped but the company as a whole (dart) is still turning a profit and had a turnover of appx £350million last year so I guess it will be roughly the same this year. There was a profit dividend paid on the shares both last summer and last winter, which Easy haven't done yet as far as I recall...
This thread has been full of comments about consolidation in 2008 and retreat from non-profitable routes at MAN, this is presumably the financial reasons for these comments and lets face it it makes sense.
I don't see jet2 "in trouble" and at some point the share price should correct itself to reflect the value of the overall business, lets not forget all shares are down currently and the whole point of shares is that you have to be in for the long term to get a return.
They DO need to get a grip this year on the profitable routes for W08...BLK is the answer!!!