Do your believe everything you read? If so then there was of course weapons of mass detruction in Iraq, there is going to be no recession and Jet2 are doing great!
Overall Group = "very encoraged by performance"
Reasons stated for encouragement
- aviation yeilds = UP
- aviation volume = UP
- aviation operating margin = UP
Of course Yeilds, volume and operating margins are up (on last year) They have more aircraft and more routes than last year... But its still the summer season. What happens this winter, MAN for example has, I think, 6 routes, 1 of which is 1 flight a week. Que tumble weed at BLK, and NCL is fairly quiet...
This winter is going to take a fair chunk out of all the hard work this summer.
You can say Margins are up etc etc but what about future margins? With the winter ahead its going to be quiet but next summer is looking ok. Next year I think we might all look ahead to a restructure if the economy doesn't improve...