PPRuNe Forums - View Single Post - O'Leary suggests Jet2 and Globespan will go bust
Old 3rd Jun 2008, 20:08
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webby1919
 
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Jet2 and GSM will still be here next year. LS have a notice on their website from their Chairman telling Mr O'Leary that Jet2 have all their fuel hedged through to S09.

GSM have got lucrative, cash-rich, leases for W08 and S08 which will bring in plenty of cash to keep the airline afloat. TD is not a silly businessman, he is shrewd. GSM have most of their S08 fuel hedged too. O' Leary is just trying to divert the bad publicity away from FR after their results were issued today with a stark warning that FR may only break-even next year, which is a big drop from €409m profit this year.
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