Jet2 - 3
Join Date: Jun 2006
Location: big gay blackpool
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Ls752
Just checked flight stats for tfs-blk, and it showing 2 flights with same code, tfs-blk and tfn -man
also says this is a multi-segment flight, does that mean its dropping off in man? And checking flight out , it says blk -tfs was only 5 mins late arriving tfs, so why leaving late?
also says this is a multi-segment flight, does that mean its dropping off in man? And checking flight out , it says blk -tfs was only 5 mins late arriving tfs, so why leaving late?
Join Date: Jul 2007
Location: 41,000'
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No and it's not a sale - it's a lease.
Monumental paperwork and burocracy cock-ups by the Tui Group and the lessor....... and before anyone says it, it's not Jet2's fault!
Hopefully she'll be around in a month or two in her new silver and red livery.
Monumental paperwork and burocracy cock-ups by the Tui Group and the lessor....... and before anyone says it, it's not Jet2's fault!
Hopefully she'll be around in a month or two in her new silver and red livery.
Join Date: Jul 2005
Location: Up North
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Share price touched 19p yesterday!
I think LS have a good business model and despite all the current issues, the Jet2holidays product could be quite successful. They're moving in a new direction at the right time. If it is successful they will once again be ahead of the market in that specific area. Maybe the Summer and Autumn will prove this.
I'm just concerned that the low share price could hamper all of this. Pardon me for not understanding this fully, but if the price keeps falling, what kind of impact can that have on the operation?
I think LS have a good business model and despite all the current issues, the Jet2holidays product could be quite successful. They're moving in a new direction at the right time. If it is successful they will once again be ahead of the market in that specific area. Maybe the Summer and Autumn will prove this.
I'm just concerned that the low share price could hamper all of this. Pardon me for not understanding this fully, but if the price keeps falling, what kind of impact can that have on the operation?
Join Date: Mar 2005
Location: Ireland nowadays
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I'm not sure about Jet2's specifics, but for a general company, the major problem is that as the company is worth less, it becomes more expensive to get access to the same amount of credit, which eats into profit margin. Depending on the extent to which aircraft purchases have been funded by debt, it may or may not be a problem.
Join Date: Feb 1999
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The share price ultimately indicates 1) confidence in the business 2) the value of the business.
Clearly, with a share price in free-fall, confidence is also falling by independent investors, including fund managers who invest in transport. With the current economic climate, people will be risk adverse to high risk industries. I'd be nervous if it were my money.
The market capitalization of the business is interesting. If I wanted to buy all the shares in the business, and therefore own it, I need to pay 29.27m GBP at todays share price - quite a good price for 30 aeroplanes plus the remaining assets. If I were an asset grabber, I'd be very interested.
But, the CEO and MD own the majority of the shares. This could mean that the management buy even a bigger stake in the business for a very good price. Each of these men have seen their wealth fall dramatically over the past 24 months.
Borrowing money - the amount and the cost - might be affected by the value of the business.
Their cash position is much worse than it was several months ago, which I think is the most worrying factor of all.
Clearly, with a share price in free-fall, confidence is also falling by independent investors, including fund managers who invest in transport. With the current economic climate, people will be risk adverse to high risk industries. I'd be nervous if it were my money.
The market capitalization of the business is interesting. If I wanted to buy all the shares in the business, and therefore own it, I need to pay 29.27m GBP at todays share price - quite a good price for 30 aeroplanes plus the remaining assets. If I were an asset grabber, I'd be very interested.
But, the CEO and MD own the majority of the shares. This could mean that the management buy even a bigger stake in the business for a very good price. Each of these men have seen their wealth fall dramatically over the past 24 months.
Borrowing money - the amount and the cost - might be affected by the value of the business.
Their cash position is much worse than it was several months ago, which I think is the most worrying factor of all.
Join Date: Aug 2007
Location: Leeds
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Seems strange that Jet2 are leasing an aircraft as all of their current fleet are owned outright except from the odd one from Futura and when they have done this its not been Jet2 colours.
Isn't G-LSAG the aircraft that is supposed to be named Jet2 New York?
Still no announcement made by Jet2 regarding this, I would think they are keeping quite until they know when thay can get the aircraft in the air, that is if they are aiming to launch a route to New York!!
Isn't G-LSAG the aircraft that is supposed to be named Jet2 New York?
Still no announcement made by Jet2 regarding this, I would think they are keeping quite until they know when thay can get the aircraft in the air, that is if they are aiming to launch a route to New York!!
Join Date: Feb 1999
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But, if you need to expand the fleet and all the ones for sale are not acceptable, then you are left with leasing an aircraft. That 757 is to cover the rolling fleet maintenance program over the summer, since at any one time, one of the 757 will be out of service in heavy maintenance.
Join Date: Mar 2008
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AG is one of the chinese aircraft inc AI and AH! none of these can be used for longhaul as not capable! from what ive heard its AB and AC that are gonna be ETOPS rated and used for longhaul! as they are the youngest in the fleet! rumoured be ready from AUG SEPT time! 
Join Date: Jul 2007
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AB and AE with hopefully the addition of winglets.
Not only will they look extremely cool they'll give better performance and higher take-off weights from LBA and more importantly, at the current price of fuel, will pay for the cost of fitting them in 3 years. If fuel prices go up more, then that time scale will be even faster. Also, it'll increase the value of the aircraft.
Leasing an additional 757 at this time of high 75/76 prices, I imagine, is more cost effective. So far, all of Jet2's charter work has impressed those who we've chartered for and it looks like the management have found another neiche market in the north (well done to them)
. Jet2 are currently having to turn down charters due to lack of aircraft, so AJ will be busy enough. She'll also be covering those aircraft who'll be having their C checks.
Lets hope we're all expecting annoucements for massive profit increases this time next year.
Not only will they look extremely cool they'll give better performance and higher take-off weights from LBA and more importantly, at the current price of fuel, will pay for the cost of fitting them in 3 years. If fuel prices go up more, then that time scale will be even faster. Also, it'll increase the value of the aircraft.
Leasing an additional 757 at this time of high 75/76 prices, I imagine, is more cost effective. So far, all of Jet2's charter work has impressed those who we've chartered for and it looks like the management have found another neiche market in the north (well done to them)
. Jet2 are currently having to turn down charters due to lack of aircraft, so AJ will be busy enough. She'll also be covering those aircraft who'll be having their C checks.Lets hope we're all expecting annoucements for massive profit increases this time next year.
Join Date: Aug 2004
Location: West Yorks
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Jet2's charter work has impressed those who we've chartered for and it looks like the management have found another neiche market in the north (well done to them) . Jet2 are currently having to turn down charters due to lack of aircraft, so AJ will be busy enough.
I salute Jet2 for remebering customer is king and have to now laugh at likes of TOM and FCA - they can keep their super bases at likes of Exeter and DSA
Join Date: Jul 2003
Location: On the road
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Jet2 have remembered that the customer is king?? How do you work that out? They have run a mile from the competition at MAN. The share price is a reflection of the Dart business as a whole i.e. the airline is worthless and the value is in the logistics business. They are touting aircraft around the market for stupid prices in peak season because they don't know what to do with them hence the adverts out for a head of network planning (God knows they need one).
I would check for a pulse but Jet2 is a corpse.
Let's flush it away and move on.
I would check for a pulse but Jet2 is a corpse.
Let's flush it away and move on.
Join Date: May 2006
Location: Infinity and Beyond
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Tartinton,
A tad bitter or jealous maybe? Has Jet2 done your airline out of a few charters and hence you feel justified in posting a child-like bitter rant?!
Bless you!
A tad bitter or jealous maybe? Has Jet2 done your airline out of a few charters and hence you feel justified in posting a child-like bitter rant?!
Bless you!
Join Date: Jul 2003
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AEUENG, thanks for your concern but it's quite the opposite. We've taken full advantage of their lack of commercial nous and made a nice profit
Hardly a bitter rant when they are helping the business I work for. Just pointing out a few facts that you obviously find hard to swallow. I shall make them plain for you:
1/ Share price is down from over £1 in Oct 07 to less than 20p.
2/ Profit warning statement from Dart quoting the logistics business as doing fine but the airline losing substantial money.
3/ A/c being offered out on wet lease for Thu/Fri/Sat/Sun ops for name your own operating period and give us an offer conditions in peak summer season.
Off you go to bed now, with a nice glass of milk
Is that bitter?
Hardly a bitter rant when they are helping the business I work for. Just pointing out a few facts that you obviously find hard to swallow. I shall make them plain for you:
1/ Share price is down from over £1 in Oct 07 to less than 20p.
2/ Profit warning statement from Dart quoting the logistics business as doing fine but the airline losing substantial money.
3/ A/c being offered out on wet lease for Thu/Fri/Sat/Sun ops for name your own operating period and give us an offer conditions in peak summer season.
Off you go to bed now, with a nice glass of milk
Is that bitter?
Join Date: Jan 2006
Location: Manchester
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Could somebody in the know please explain to me what exactly Jet2's plan of attack is. I'm rather confused by them. It's pretty obvious that they've got their sights set on expanding LBA as much as possible. This is a good move and a way of building up their profile before any competition comes along. Question is, if say FR did start up a base at LBA, would LS run a mile like they have at MAN?
What they are doing at their other bases though completely baffles me. EDI was the last base they announced but have done nothing with it since. BLK and NCL have gone stagnant and at MAN, well who knows what's going on at MAN. They offered some much needed city destinations BCN, SXF etc last year. This should have been a winner but a combination of poor timings and high fares lead to these routes being unsuccessful. Then they decided to pull existing city destinations eg AMS that should in theory be performing well. Now I hear that they are reducing frequency on BUD, FCO and dropping CDG despite the fact that these routes have been doing very well. The reason? Because they are aiming more at sunshine and charter markets. Fair enough you might think. But where are these so called charter routes? For an airline who are supposedly focusing on bucket-and-spade, their routes are extremely thin on the ground. Over the winter, MAN-AGP operated 3 x weekly. For a destination like Malaga, 3 a week even in the winter months is very poor. The new route to LPA was reduced from 2 x weekly to weekly before it had even started and some weeks this was cancelled. ACE will only operate weekly over the summer, TFS only twice weekly. There's nothing in the way of any other charter destinations away from the Costa's and Canaries. So for an airline who have reduced their city routes in order to focus on sunshine, well they're not doing too well with it are they!
Don't get me wrong, I'm not bashing Jet2. I recently flew with them to Murcia and was very impressed by them. But they don't seem to have any sort of direction and give out mixed messages as to exactly where they're heading. Furthermore, some frequent fliers on my MJV-MAN flight were saying that they've noticed that the new ZB flights into Murcia have had an impact on LS. That particular flight certainly had a low load. So maybe another route that will soon be scrapped or reduced? They've jacked in popular city routes, if they can't make the core sunshine leisure routes work either then there really is no hope for them.
What they are doing at their other bases though completely baffles me. EDI was the last base they announced but have done nothing with it since. BLK and NCL have gone stagnant and at MAN, well who knows what's going on at MAN. They offered some much needed city destinations BCN, SXF etc last year. This should have been a winner but a combination of poor timings and high fares lead to these routes being unsuccessful. Then they decided to pull existing city destinations eg AMS that should in theory be performing well. Now I hear that they are reducing frequency on BUD, FCO and dropping CDG despite the fact that these routes have been doing very well. The reason? Because they are aiming more at sunshine and charter markets. Fair enough you might think. But where are these so called charter routes? For an airline who are supposedly focusing on bucket-and-spade, their routes are extremely thin on the ground. Over the winter, MAN-AGP operated 3 x weekly. For a destination like Malaga, 3 a week even in the winter months is very poor. The new route to LPA was reduced from 2 x weekly to weekly before it had even started and some weeks this was cancelled. ACE will only operate weekly over the summer, TFS only twice weekly. There's nothing in the way of any other charter destinations away from the Costa's and Canaries. So for an airline who have reduced their city routes in order to focus on sunshine, well they're not doing too well with it are they!
Don't get me wrong, I'm not bashing Jet2. I recently flew with them to Murcia and was very impressed by them. But they don't seem to have any sort of direction and give out mixed messages as to exactly where they're heading. Furthermore, some frequent fliers on my MJV-MAN flight were saying that they've noticed that the new ZB flights into Murcia have had an impact on LS. That particular flight certainly had a low load. So maybe another route that will soon be scrapped or reduced? They've jacked in popular city routes, if they can't make the core sunshine leisure routes work either then there really is no hope for them.
Join Date: Jul 2006
Location: STANSTED & MANCHESTER
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fight back!
With EZY and FR expanding in the north, I think that Jet2 should
make a bold move and start a STN-New york service, before one
of the above make the first move.
I do understand that Jet2 could do this from the north but it
would be a good way of showing that Jet2 wont just stand by
and watch the big two take over the north.
Anyone know if there are ANY plans for the stansted base.
make a bold move and start a STN-New york service, before one
of the above make the first move.
I do understand that Jet2 could do this from the north but it
would be a good way of showing that Jet2 wont just stand by
and watch the big two take over the north.
Anyone know if there are ANY plans for the stansted base
.
Join Date: Aug 2007
Location: north yorkshire
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Jet2 are not the only airline dropping city routes.
A recent report in the Yorkshire Post stated that Tui/Thomson had reduced their city routes by 49% last autumn.
Presumably once punters have been to a city a couple of times they want to go somewhere else whereas they will return to the sun as often as possible.
A recent report in the Yorkshire Post stated that Tui/Thomson had reduced their city routes by 49% last autumn.
Presumably once punters have been to a city a couple of times they want to go somewhere else whereas they will return to the sun as often as possible.
Join Date: Apr 2004
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I am somewhat puzzled how you can think Jet2 moving to Stansted is a good idea (apart from the charter work they do there). Why jump into the lions den with Easy and Ryanair who have strongly established bases there.
Join Date: Dec 2004
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Even GSM has heavily reduced its own city-routes network by focusing more on bucket&spade/ski charter flights and selling full packages holidays through their website. Now it's very hard to find a cheap fare with them because the majority of seats are chartered by Globespan Holidays and I think they tend to push more on packaged holidays/additional services rather than selling only their flights.
Jet2 seems doing the same now...we'll see them gradually to cut back most of their not charter-like flights, primarily from all the bases expect, maybe, LBA.
Bergen and Gatwick will be the next ones to go, both from NCL...together with Paris from MAN.
I'm pretty sure that, at the end of this summer timetable, we'll see other cuts in this way.
Jet2 seems doing the same now...we'll see them gradually to cut back most of their not charter-like flights, primarily from all the bases expect, maybe, LBA.
Bergen and Gatwick will be the next ones to go, both from NCL...together with Paris from MAN.
I'm pretty sure that, at the end of this summer timetable, we'll see other cuts in this way.