Jet2 - 3
Join Date: Jan 2002
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Jet2 will suffer at MAN from Q4 onwards when easy have got themselves sorted, and they don't have the market presence to flog a dead horse, they'll have to pull out or reduce capacity.
A merger would be totally sensible, maintain the services and the regional jobs...and both companies have a presence in the holiday seat market that isn't worth anything so why not join the two...merge and take the regional market share rather than compete for a small slice of it each..
And with that share price they are looking rather vunerable...
A merger would be totally sensible, maintain the services and the regional jobs...and both companies have a presence in the holiday seat market that isn't worth anything so why not join the two...merge and take the regional market share rather than compete for a small slice of it each..
And with that share price they are looking rather vunerable...
Join Date: Mar 2001
Location: Midlands, UK
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I would put Jet2 fairly high on the list of potential casualties for 2008!
The UK IT market has been over subscribed and mergers are solving these issues, good for companies and employees. Meeson and Dalrympol (spellin?) i'm sure have considered this too...
When does the LBA-JFK start? This is a huge risk, big money when all goes wrong with ageing B757's across the atlantic...with a company with zero ETOPs experience, sound familiar?
The UK IT market has been over subscribed and mergers are solving these issues, good for companies and employees. Meeson and Dalrympol (spellin?) i'm sure have considered this too...
When does the LBA-JFK start? This is a huge risk, big money when all goes wrong with ageing B757's across the atlantic...with a company with zero ETOPs experience, sound familiar?
Join Date: Aug 2000
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The markets are nervous and are being driven downwards by negtive sentiment on the back of weaker than expected indicators of cosumner speanding in the UK and the US and the continued emergence of credit losses in banks due to the sub-prime fall out. When this happens, the specifics about individual company performance become lost in the noise. Until Jet2's parent (The Dart Group) announces a pre-close trading update or its annual results (June) it will be difficult to establish whether the company is fairly valued or not. The fact you could, in theory at least, buy the combined businesses of Jet2, Jet2 holidays, the Royal Mail contract and Fowler-Welch Coolchain for £80m LESS the value of LBA (which is dependant on Jet2 for over half it's business) has a rather odd ring about it.
Fowler-Welch Coolchain represented about 1/3 of Dart's total revenues in 06/07 so one assumes it is a material driver of Dart's overall value and the company is of course this curious mix of haulage, scheduled passenger operation, tour operator and mail/cargo airline and none of the individual components exist as listed companies in their own right. PM holds 40% of the equity which adds a further layer of complication to any bid should he not want to sell or breakup the company. One thing I think we can all guarantee though is that PMs personal shareholding will have devalued from c.£90m to £22m so all things will have been or will be considered closely !
Fowler-Welch Coolchain represented about 1/3 of Dart's total revenues in 06/07 so one assumes it is a material driver of Dart's overall value and the company is of course this curious mix of haulage, scheduled passenger operation, tour operator and mail/cargo airline and none of the individual components exist as listed companies in their own right. PM holds 40% of the equity which adds a further layer of complication to any bid should he not want to sell or breakup the company. One thing I think we can all guarantee though is that PMs personal shareholding will have devalued from c.£90m to £22m so all things will have been or will be considered closely !
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Jet 2 at MAN
Wouldn't be suprised if Jet2's days are numbered. There hasn't recently been a committment to provide a quality service at MAN in my experience. For example I've just been dumped off a flight to Pisa due to them withdrawing a service I've already booked for this summer for 'operational reasons'. So they retreat to LBA but what happens then? Wait to for FR or EZY to come and get them eventually or try to compete with the big boys/ specialists for charter holidays. From what I see they haven't demonstrated the imagination to really develop at MAN i.e. just placing flights on legacy/ over saturated routes
. Shame as in my view the Jet2 management are recking a once excellent business.
. Shame as in my view the Jet2 management are recking a once excellent business.
Join Date: Aug 2007
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Sean Dillon ...
1 sec there .... I thought you said this last week .......
Of course you can have more of "expert/knowledgable" opinion of Jet2, no need to ask next time.
A merger would be totally sensible, maintain the services and the regional jobs...and both companies have a presence in the holiday seat market that isn't worth anything so why not join the two...merge and take the regional market share rather than compete for a small slice of it each..
No real sign of the likes of Jet2 or Globespan folding at all, they will continue to change routes, add new aircraft (B763?) dramatically as forced by the market conditions.
Join Date: Jan 2002
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I'm afraid things change A320fan, it's that sort of industry!
Since my original comments: (Which weren't last week)
EZE will be arriving in MAN and GSM have had further problems...and well, Dart's share price has been mentioned...TOM sked operation has made a £27m loss, (who like GSM and LS, have very little critical mass)
Jet2 and GSM will continue to "play" at it throughout 2008 as I have mentioned as forced by the market leaders (EZE/RYR), there will be casualties by Q4...(not EZE/RYR)
Since my original comments: (Which weren't last week)
EZE will be arriving in MAN and GSM have had further problems...and well, Dart's share price has been mentioned...TOM sked operation has made a £27m loss, (who like GSM and LS, have very little critical mass)
Jet2 and GSM will continue to "play" at it throughout 2008 as I have mentioned as forced by the market leaders (EZE/RYR), there will be casualties by Q4...(not EZE/RYR)
Join Date: Jun 2006
Location: big gay blackpool
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It has been known for large multi-nationals to come crashing down as well guys, as has been said in other threads, ryan could take a big hit too, as easys flights more suit business pax, landing at main airports,higher frequency to do business trips in one day, if anything i think J2 can survive albeit with a bumpy ride, yes they are retracting, but their also atracting the charter traffic, these things take time, and with the other charters merging, they can only pick up more traffic from where the larger guys are pulling out, could turn out to be a very shrewd move being one of the first locos to put out a full package holiday, things have a way of coming back in fashion, and with airtravel becoming more stressful, alot of people will start to go back to package and let the tour op deal with the problems, surely the whole point of having a holiday? Plus ryan being selling their older planes off for near what they paid, if the economy does downturn, very few will be buying new or secondhand planes, with all the new planes they have on order, the older ones will have to go at bargain prices to shift them, wonder if i could fit a 738 on the drive?
I know that this time last year Jet2 weren't interested in doing baggage, which struck me as odd considering they were about to start self-handling.
However, things have changed, e.g one or two new faces in the Jet2 management/director scene and a change of airport ownership so there could be a change of attitude. To me it would seem logical as Jet2 practically monopolise Hall B in any case.
At one time I gathered Menzies might be interested in doing baggage though not necessarily for Jet2.
However, things have changed, e.g one or two new faces in the Jet2 management/director scene and a change of airport ownership so there could be a change of attitude. To me it would seem logical as Jet2 practically monopolise Hall B in any case.
At one time I gathered Menzies might be interested in doing baggage though not necessarily for Jet2.
Join Date: Jun 2007
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Jet2 out of GLA
They usually only pass through GLA nowadays handling footie charters-between themselves and MON have handled all the Rangers and Celtic fans this season on their UEFA travels.Back again in Feb and Mar for those contracts i understand
Join Date: Jun 2007
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....the press article stated that Flybe were in talks to acquire slots from another airline. It was suggested that it might be Jet2.
How true that is might be open to conjecture.
I would have thought the route is unlikely to disappear quickly - if at all.
The 737 is bound to remain in NCL to operate the mail flights. It is surely too close to the summer 08 season to launch an alternative route so why would they give up the LGW and potentially leave the 737 sitting around doing nothing??? If it is to go, I can't see it before the winter season.
How true that is might be open to conjecture.
I would have thought the route is unlikely to disappear quickly - if at all.
The 737 is bound to remain in NCL to operate the mail flights. It is surely too close to the summer 08 season to launch an alternative route so why would they give up the LGW and potentially leave the 737 sitting around doing nothing??? If it is to go, I can't see it before the winter season.
Join Date: Sep 2007
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No it was actually reported in paper it was FlyBE buying slots of Jet2.com, not rumoured, CONFIRMED! just wait for it, its been discussed in the Newcastle forum, poor loads, even though they are currently slashing prices and letting you change flights as long as its on the same day free of charge. I can see it going all together, if it does stay maybe only once a day service, but prob the full chop!
Jet2 are going charter, away from City destinations, KRK has gone, BGO is rumoured to be next (although it was last year as well and its still going now) but the current aircraft rotations for 2x 737 and 1x 757 does not have room for BGO, although one 737 now has 3 less flights a day by the looks of it!
Jet2 are going charter, away from City destinations, KRK has gone, BGO is rumoured to be next (although it was last year as well and its still going now) but the current aircraft rotations for 2x 737 and 1x 757 does not have room for BGO, although one 737 now has 3 less flights a day by the looks of it!
Join Date: Nov 2007
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missed opportunity?
Well if NCL LGW being axed is the case, I hope they at least thought about using two of the slots for BLK LGW - a 733 would have been full each way most days.
I can understand if selling the slot would make more profit in year 1 than running the route, but it would have been a real boost for BLK and J2 in the red rose county......
I can understand if selling the slot would make more profit in year 1 than running the route, but it would have been a real boost for BLK and J2 in the red rose county......
Join Date: Feb 2002
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Why use the slots for a BLK rotation? I would have thought an LBA rotation would have made more sense given the rumored BMI withdrawal from the regions to LHR to free the slots for more lucrative international routes. I think it's only a matter of time before LHR will not feature from LBA/MME/MAN on BMI. If the train can't take the strain then airlines will have to look at LGW and LCY or even LSS/LTN!
Why use the slots at all? Virtually every Jet2 adventure onto domestic routes has been a disaster! MAN-EDI, MAN-LGW, now NCL-LGW, wasn't there an EDI-BOH at one stage withdrawn before it even started.... only LBA and BLK to BFS seem to hang in there. It rather looks as though the Jet2 model works well on sunny places but UK domestics are not for them.
