Jet2 - 3
, attack from that side so to speak as well as at man?
Join Date: Apr 2005
Location: Uk
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well if things arent going so well at man ,why not turn blk into a mini lba, attack from that side so to speak as well as at man?
Join Date: Aug 2000
Location: Leeds
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Leeds isn't slot regulated so nothing to hoard, buy or sell. A haggle over remote parking is probably about the extent of it.
Jet2 and LBA obviously have a degree of mutual dependancy at the moment and judging by developments since the airport was sold, it would appear both parties have been quick to acknowledge this and put something together which protects both party's interests. There will be key customer markets that LBA management will see as being essential to develop if they are going to generate the capital growth in the value of the business to make their investment worthwhile, but that don't fit the Jet2 model. Having had a quick look at the new routes Ryanair have put on sale from BHX today, I don't envisage Jet2 offering LBA - Billund, Bratislava, Bydgoszcz, Gdansk, Oslo, Poitiers, Porto or Rzeszow anytime soon, nor will they plug the hole in terms of feeder services into key hubs like FRA, MUC or DXB. My own view is that Jet2 might bring some much needed growth into the package holiday sector by acting as a quasi-charter operator and they might be able to do some interesting things with the 757 if ETOPS is secured, but they can't tick every box on LBAs wishlist, nor I suspect do the airport management want an airport based entirely around the fortunes of one operator.
By the way, I'm calling the LBA base as 8 x 737 and 3 x 757 + 1 spare 757 for the summer. MAN looks like 2 x 737 and 3 x 757. The remaining 2 757s I assume are one each in NCL and BFS.
Jet2 and LBA obviously have a degree of mutual dependancy at the moment and judging by developments since the airport was sold, it would appear both parties have been quick to acknowledge this and put something together which protects both party's interests. There will be key customer markets that LBA management will see as being essential to develop if they are going to generate the capital growth in the value of the business to make their investment worthwhile, but that don't fit the Jet2 model. Having had a quick look at the new routes Ryanair have put on sale from BHX today, I don't envisage Jet2 offering LBA - Billund, Bratislava, Bydgoszcz, Gdansk, Oslo, Poitiers, Porto or Rzeszow anytime soon, nor will they plug the hole in terms of feeder services into key hubs like FRA, MUC or DXB. My own view is that Jet2 might bring some much needed growth into the package holiday sector by acting as a quasi-charter operator and they might be able to do some interesting things with the 757 if ETOPS is secured, but they can't tick every box on LBAs wishlist, nor I suspect do the airport management want an airport based entirely around the fortunes of one operator.
By the way, I'm calling the LBA base as 8 x 737 and 3 x 757 + 1 spare 757 for the summer. MAN looks like 2 x 737 and 3 x 757. The remaining 2 757s I assume are one each in NCL and BFS.
Join Date: Oct 2001
Location: North of Watford Gap!
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Is Jet2 vulnerable to being bought out?
With the Dart group share price trading at around 25% of it's peak around a year ago,are the big boys going to be sniffing around for a bargain?
Im sure certain other low cost operators would like to get a presence at Leeds Bradford International Airport!
Im sure certain other low cost operators would like to get a presence at Leeds Bradford International Airport!
Join Date: Mar 1999
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Jet2
It was not too long ago that there was a thread suggesting the Jet2 might be intrested in buying GS!
Now the suggestion is that ANother might buy Jet2.
With the share price in free fall, it would seem the latter is more likely!
Now the suggestion is that ANother might buy Jet2.
With the share price in free fall, it would seem the latter is more likely!
Join Date: Oct 2006
Location: Newcastle
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I think a few airlines not necessarily LS will vanish from our skies in the next couple of years. I personally feel we have two many low cost airlines chasing too few pax, it now looks like the UK economy is heading for recesion and the first thing folks are going to dump when money is tight is that city break or second holiday. Two airlines that have no foothold in Europe so are particluarly vunerable to a downturn in the UK economy are LS and GSM. The likes of FR or EZY have bases all over Europe so can switch expansion to the continent relatively quickly.
Join Date: Oct 2006
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leodis - then us doom mongers on pprune will have to join most city bankers, economists and pundits that believe were heading for an econimic downturn.
JB007 - yes merger is probably a good idea for LS/GSM and no doubt one both management are considering.
Ian Brooks - the european economy at the moment looks better than the UKs hence the pounds fall againts the euro of late. The problem is as you point out eurpoean locos are not particular strong, ecluding wizz, however I dont think they are that well run, EZY and FR are which is why they should do well if they were to concentrate expansion in Europe rather than the UK.
JB007 - yes merger is probably a good idea for LS/GSM and no doubt one both management are considering.
Ian Brooks - the european economy at the moment looks better than the UKs hence the pounds fall againts the euro of late. The problem is as you point out eurpoean locos are not particular strong, ecluding wizz, however I dont think they are that well run, EZY and FR are which is why they should do well if they were to concentrate expansion in Europe rather than the UK.
Join Date: Jul 2007
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then us doom mongers on pprune will have too join most city bankers, economists and pundits that believe were heading for an econimic downturn.
"Why don't you knock it off with them negative waves? Why don't you dig how beautiful it is out here?" ... Sgt. Oddball (Kelly's Heroes)!
Join Date: Oct 2001
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RE-HEAT, regarding Leeds Bradford being a tiddler and poor access.Maybe it is both but surely Jet2's success there has proven it to be a well and truly viable airport with the public utilising the services provided on mass.I am sure in hind sight Easyjet or Ryanair wish they had moved in several years ago.
Join Date: Aug 2007
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easyJet, BA, TUI Travel, Thomas Cook, Jet2 ...... what do they all have in common?
All their share prices have dropped!! They must all be due a merger! Just because a companies share price has dropped doesnt mean that it still cant be successful!
I personally think that Jet2 are in a very strong position! Yes if there is a market downturn then its more of the likes of Ryanair or bmibaby that will suffer in the UK. Jet2 have firmly got their foot under the package holiday market, with the people who only have 1 holiday a year Jet2 is an option! Yes the have the city routes too but they dont have all their eggs in one basket, compared to Ryanair, who are banking on people booking more than 1 holiday per year. I don't see Jet2 disapearing! Jet2 is part of the Dart Group PLC so if a majority shareholder doesnt want to sell then they aint selling! The majority share holder of Jet2 definatley wont be selling!
There are so many rumours about LS/GSM which there has been no hint by either company at all. Just because they both operate 737/757 then they must be on the cards for a merger! I don't think any of the 'big boys' are going to be interested in Jet2. Can you see Ryanair flying cargo flights during the night or operating a fleet of cooled lorries?
All their share prices have dropped!! They must all be due a merger! Just because a companies share price has dropped doesnt mean that it still cant be successful!
I personally think that Jet2 are in a very strong position! Yes if there is a market downturn then its more of the likes of Ryanair or bmibaby that will suffer in the UK. Jet2 have firmly got their foot under the package holiday market, with the people who only have 1 holiday a year Jet2 is an option! Yes the have the city routes too but they dont have all their eggs in one basket, compared to Ryanair, who are banking on people booking more than 1 holiday per year. I don't see Jet2 disapearing! Jet2 is part of the Dart Group PLC so if a majority shareholder doesnt want to sell then they aint selling! The majority share holder of Jet2 definatley wont be selling!
There are so many rumours about LS/GSM which there has been no hint by either company at all. Just because they both operate 737/757 then they must be on the cards for a merger! I don't think any of the 'big boys' are going to be interested in Jet2. Can you see Ryanair flying cargo flights during the night or operating a fleet of cooled lorries?
Join Date: May 2005
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All their share prices have dropped
True, but some have dropped more than others.
Take a look at these charts for Dart Group vs EasyJet and Ryanair over the last 6 months:
http://uk.finance.yahoo.com/q/bc?t=6...=m&q=l&c=ezj.l
http://uk.finance.yahoo.com/q/bc?t=6...=m&q=l&c=rya.l
Look at the current market capitalisation of Dart Group and consider how much profit FR and U2 make in a year, or how much cash they have in the bank.
Take a look at these charts for Dart Group vs EasyJet and Ryanair over the last 6 months:
http://uk.finance.yahoo.com/q/bc?t=6...=m&q=l&c=ezj.l
http://uk.finance.yahoo.com/q/bc?t=6...=m&q=l&c=rya.l
Look at the current market capitalisation of Dart Group and consider how much profit FR and U2 make in a year, or how much cash they have in the bank.