Jet2 - 3
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Originally Posted by TartinTon
Profit warning statement from Dart quoting the logistics business as doing fine but the airline losing substantial money.
The aviation and distribution group said Fowler Welch-Coolchain, its distribution business, continues to perform well but winter trading in the aviation business has not met expectations.
In the winter season, the forecast growth in passenger volumes has not been achieved and similar volumes to last year are now expected to be carried. The resultant lower yield and load factors have reduced winter revenue expectations by about 6 pct with a consequential reduction in the group's expected full-year pretax profits.
Which is quite a bit different than saying 'substantial losses'.
You're not a journo are you?
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pwalhx
Thats the point im trying to make !
show EZY/FR that Jet2 are just as bold in route
expansion and are not affraid to jump into the lions den.
Where will Jet2 end up if they keep running away
.
show EZY/FR that Jet2 are just as bold in route
expansion and are not affraid to jump into the lions den.
Where will Jet2 end up if they keep running away
.
Last edited by daz211; 21st Mar 2008 at 22:00.
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no sponsor, absolutely not a journo, just 20+ years of airline experience and very familiar with the operating costs of a wide range of a/c types.
Reading between the lines of the profit warning it's difficult to see that they aren't bleeding cash with fuel up at $100+ a barrel, operating at below expectations in the most difficult time of the year.
Interesting that unlike other companies giving profit warnings (EZY/RYR) they don't give any insight into their hedging position (not that they have to) but it does make you wonder if they are still majorly exposed in a spot market that shoes no real signs of weakness apart from the odd blip.
Tough times ahead for J2 in my opinion.
Reading between the lines of the profit warning it's difficult to see that they aren't bleeding cash with fuel up at $100+ a barrel, operating at below expectations in the most difficult time of the year.
Interesting that unlike other companies giving profit warnings (EZY/RYR) they don't give any insight into their hedging position (not that they have to) but it does make you wonder if they are still majorly exposed in a spot market that shoes no real signs of weakness apart from the odd blip.
Tough times ahead for J2 in my opinion.
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daz211, a reasonable strategy if you're coming from a position of strength but J2 are hardly there, are they? Just imagine that they put, say 4 a/c into STN. I guarantee that RYR would wipe them out.
Why? Because they've done it before.
Go started EDI-DUB. RYR doubled frequency and sold all seats for £1 until Go went.
MyTravel lite started BHXDUB, RYR added frequency and then came and started BHXMJV at the same time. All fares £1 until Myt withdrew.
Doesn't like competition does Mad Mikey.
Why? Because they've done it before.
Go started EDI-DUB. RYR doubled frequency and sold all seats for £1 until Go went.
MyTravel lite started BHXDUB, RYR added frequency and then came and started BHXMJV at the same time. All fares £1 until Myt withdrew.
Doesn't like competition does Mad Mikey.
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At least for now though Jet2 are still making a profit, maybe not a huge one but could be worse, could be loosing loads like BmiBaby.
Jet2 have also purchased fuel at a good price to cover their ops till Aug so the price increase in the short term should cause any more problems than it already has.
Jet2 have also purchased fuel at a good price to cover their ops till Aug so the price increase in the short term should cause any more problems than it already has.
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tartinton
Jet2 will have to do something and fast,
Not only are EZY/FR moving in on Jet2's northen Airports,
FR are moving into main European Airports but more to the point
the main holiday Airports.
I think its time to start thinking outside the box, maybe the way
forward is to look at brand new routes, not touched by the big two.
If Jet2 are not willing to fight FR/EZY or are not in the position to fight
they have to make some bold changes, no airline can stand still or more to the point run away in this day and age
.
Not only are EZY/FR moving in on Jet2's northen Airports,
FR are moving into main European Airports but more to the point
the main holiday Airports.
I think its time to start thinking outside the box, maybe the way
forward is to look at brand new routes, not touched by the big two.
If Jet2 are not willing to fight FR/EZY or are not in the position to fight
they have to make some bold changes, no airline can stand still or more to the point run away in this day and age
.
Don't be fooled by all the recent rumour mongering about Baby, they aren't loosing loads. And forward bookings are at record levels 
Last edited by FlyboyUK; 22nd Mar 2008 at 14:49.
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It would be the end of Jet2 if they moved into STN. Say they put a couple of 737's there we all know exactly what Ryanair will do .... put 3 or 4 737s up at LBA. It would not be worth the hassle. Jet2 should not expand into new airports at this time, they need to focus on their proven profit making routes not new routes that will be thin to start with and will be operating at a loss for a substantial period of time to cover start up costs.
Lets just wait and see what summer 08 brings for Jet2.
Lets just wait and see what summer 08 brings for Jet2.
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It would be the end of Jet2 if they moved into STN
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Yes what a plan that is, stay put and let FR/EZY take over Jet2's northen airports and take a % of Jet2's pax.
dont have any plan only to wait and see what will happen with
summer 08.
I didnt say Jet2 should move to STN with afew 737's and start euro routes
it needs a much bolder move than that, maybe NewYork on a bigger a/c.
dont have any plan only to wait and see what will happen with
summer 08.
I didnt say Jet2 should move to STN with afew 737's and start euro routes
it needs a much bolder move than that, maybe NewYork on a bigger a/c.
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Lets just wait and see what summer 08 brings for Jet2.
The staff at LBA have gained a lot more experience and are better prepared, so we're told, than last year.
The charter work is undoubtably fantastic and lets hope it will keep going into winter 08 and boost profit levels. Added to cost reductions in not wet leasing from other airlines (Futura and Flightline) and better fuel planning and fuel burn, I can't see why Jet2 can't make a huge turn around.
Lets not all foget how much this company grew last year in such a short time and the costs that that incured.
I'd love to see Jet2 annouce their biggest ever profits next year, if only to silence the few on here who wish to see the demise of Jet2.
(Seems strange to me, how some pilots wish to see companies within their industy fail????)
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Jet2 have been at STN for years
I didnt say Jet2 should move to STN with afew 737's and start euro routes
it needs a much bolder move than that, maybe NewYork on a bigger a/c.
it needs a much bolder move than that, maybe NewYork on a bigger a/c.
Lets be realistic! Some people on here think that Jet2 is just going to collapse tomorrow because of the share price. Well they will if the launch New York from a southern airport with the business model that they currently have!! The routes and bases that Jet2 have for the coming summer season are proven to be successful so whats the big deal if at their weakest part of the year, they have the poorest results, its not exactly surprising is it!
stay put and let FR/EZY take over Jet2's northen airports and take a % of Jet2's pax.
As I said a few minutes ago lets just wait to see how summer 08 goes, and who gives a to$$ if Jet2 appears to some to be conecntration on sun routes and LBA. They are proven to make money so I applaud Jet2 for realising that they are not as suited to city routes from MAN for example. So lets let Jet2 get on with it, as after all they are the successful airline STILL making £millions profit and have a greater knowledge of what routes to fly, where from and with wich aircraft. NOT us!
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Seems strange to me, how some pilots wish to see companies within their industy fail????
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And there was me thinking PPrune stood for Professional Pilots Rumor Network
Not that there is anything wrong with imput or info from others in the industry Cabin Crew, ATC, engineers, ground staff etc - even Chief Executives!
Probably why most people get fed up with a lot of the b*ll*cks on here then.
Not that there is anything wrong with imput or info from others in the industry Cabin Crew, ATC, engineers, ground staff etc - even Chief Executives!
Probably why most people get fed up with a lot of the b*ll*cks on here then.
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Saying that, you ought to hear some of the b***ocks that we have to put up with from a few of the erstwhile Professional pilots..( Only a 'few', mind)
Oh the joys of working in ops/crewing !
Oh the joys of working in ops/crewing !
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Sorry, is it April the 1st yet wawkrk ?
Transatlantic from the North when they get Etops sorted I can see happenin, but from STN when you already have Eos and AA, you're havin a giraffe. Im off to Italy on Pikey airways so pray keep us all informed !
Transatlantic from the North when they get Etops sorted I can see happenin, but from STN when you already have Eos and AA, you're havin a giraffe. Im off to Italy on Pikey airways so pray keep us all informed !