Jet2 - 3
Join Date: Jul 2007
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There is no room for Baby, Jet 2 or Globe and I expect each to no longer exist 18 months from now.
Jet2 have a few factors on their side - they own all their aircraft, which is an important factor at a time of high fuel costs. It means they can sit on the ground and not cost the company lease fees.
They have been profitable for the last 20 odd years and still remain so, just!
They survived previous resessions and sept 11.
They operate charters and cargo flights as well as scheduled.
The summer season is fairly well booked.
Like him or not, the man at the top is very schrude, very clever and has than prooved his business prowess.
The company's only borrowing is from it's parent company (which has no borrowing of itself).
AbeamPoints : As your so morbidly keen to see three airlines fail, I can only assume you have no real interest in this industry. In any case, please spare a moment for those employees, of which there are many in BMI baby, Globespan and Jet2, before you make such 'off hand' remarks.
Join Date: Feb 2002
Location: U.K
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Easy jet would be nice,
They could put 700's in to Leeds as they move them out of other bases, and get the crews initially on a TUPE agreement.
If they wanted to set up at LBA without a takeover they would only have to set up a stand at the entrance to the staff car park at LBA, and they would probably pick up 98% of Jet2 crews immediatley. I cant see anyone not wanting to move over! WHY?
Modern kit.
A rostering aggreement that would be followed.
Better pay.
Staff travel.
Crew food.
To be honest there would be no reason what so ever to stay at Jet2!!!!!!!
They could put 700's in to Leeds as they move them out of other bases, and get the crews initially on a TUPE agreement.
If they wanted to set up at LBA without a takeover they would only have to set up a stand at the entrance to the staff car park at LBA, and they would probably pick up 98% of Jet2 crews immediatley. I cant see anyone not wanting to move over! WHY?
Modern kit.
A rostering aggreement that would be followed.
Better pay.
Staff travel.
Crew food.
To be honest there would be no reason what so ever to stay at Jet2!!!!!!!
Join Date: Jul 2006
Location: Cork, Ireland
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Surely a tie up of a smaller LOCOs ie Bmibaby, Globespan, Jet2 would merit some wisdom?
That is the future. Along with Aer Lingus going bust as the Eire Tiger dies of bird flu.
Join Date: Feb 2002
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The vast majority of western economies are merely slowing down. Ireland is no different to anyone else.
Very few western economies are in recession.
Very few western economies are in recession.
A Runyonesque Character
Join Date: Apr 2004
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We're already in a recession
A recession is two or more successive quarters of negative economic growth. Neither the world, nor the US, nor the UK, nor any European economies were near that stage in Q4 last year and are not much closer in Q1 this year.
Things are slowing down for sure and will slow down a bit more yet. IMF issued its latest outlook for Europe yesterday, it's not particularly cheerful but it's not doom and gloom either.
Join Date: Jun 2001
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Dunnnnaaaaaaaaaahhhhhhhhhhhhh
http://www.jet2.com/News.aspx?id=430
Well it's big if you only have a few routes here
http://www.jet2.com/News.aspx?id=430
Well it's big if you only have a few routes here
Join Date: Nov 2006
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AbeamPoints
I can assure not on drugs! Not my thing!
Just because Ryanair park 20 aircraft does not mean all routes are loss making, the issues here is that they realise that in winter many markets are more seasonal and hence too many frequencies routes available. Removing 20 aircraft is how they take the slack out of the system and ensure half full planes are not flying around!
I am not fully aware of whether the aircraft are on lease or how long is left either, but if Ryanair took over they could as part of any deal ensure that these aircraft were not there headache.
And you know that Jet2 is not making any money on these routes??? Surely you can appreciate that if Ryanair took over the cost of Jet2 management would disappear. What I mean by this is that Ryanair adsorb the cost of taking over Jet2 into the big picture and the operating cost of the old Jet2 would be substantially reduced.
Aircraft operating leases are not a big issue, not if Ryanair wanted the company and it was for sale. As in the case of Buzz if a takeover occured a plan of action would occur and all would eventually progress as did Buzz.
As in the case of Aer Lingus,I believe that they are much better placed than any of the local LoCos ie they have good cost base, good operating margins, young fleet, good brand, and will be around. Brand is key as is cost base and delivery of same. They will be around..
Ryanair can trample over any airports as it pleases, it can ditch the rules all in the name of achieving lower cost and profits, but you will find, price alone is not a guarntee to supremacy in the skies.
THanks for your feedback, obvious that a lot of thought went into it!
Just because Ryanair park 20 aircraft does not mean all routes are loss making, the issues here is that they realise that in winter many markets are more seasonal and hence too many frequencies routes available. Removing 20 aircraft is how they take the slack out of the system and ensure half full planes are not flying around!
I am not fully aware of whether the aircraft are on lease or how long is left either, but if Ryanair took over they could as part of any deal ensure that these aircraft were not there headache.
And you know that Jet2 is not making any money on these routes??? Surely you can appreciate that if Ryanair took over the cost of Jet2 management would disappear. What I mean by this is that Ryanair adsorb the cost of taking over Jet2 into the big picture and the operating cost of the old Jet2 would be substantially reduced.
Aircraft operating leases are not a big issue, not if Ryanair wanted the company and it was for sale. As in the case of Buzz if a takeover occured a plan of action would occur and all would eventually progress as did Buzz.
As in the case of Aer Lingus,I believe that they are much better placed than any of the local LoCos ie they have good cost base, good operating margins, young fleet, good brand, and will be around. Brand is key as is cost base and delivery of same. They will be around..
Ryanair can trample over any airports as it pleases, it can ditch the rules all in the name of achieving lower cost and profits, but you will find, price alone is not a guarntee to supremacy in the skies.
THanks for your feedback, obvious that a lot of thought went into it!
Last edited by EI-BUD; 22nd Apr 2008 at 15:22. Reason: spelling
Join Date: Jun 2006
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Not todays announcement
The Greek routes from NCL have been on there for a few days, so it can't be that.
Can't help with what it might be, but they'd better hurry up otherwise it'll turn out to be yet more bollox written about Jet2 on here.
.Can't help with what it might be, but they'd better hurry up otherwise it'll turn out to be yet more bollox written about Jet2 on here.
Join Date: Dec 2005
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Nope, nowhere near.
A recession is two or more successive quarters of negative economic growth. Neither the world, nor the US, nor the UK, nor any European economies were near that stage in Q4 last year and are not much closer in Q1 this year.
Things are slowing down for sure and will slow down a bit more yet. IMF issued its latest outlook for Europe yesterday, it's not particularly cheerful but it's not doom and gloom either.
A recession is two or more successive quarters of negative economic growth. Neither the world, nor the US, nor the UK, nor any European economies were near that stage in Q4 last year and are not much closer in Q1 this year.
Things are slowing down for sure and will slow down a bit more yet. IMF issued its latest outlook for Europe yesterday, it's not particularly cheerful but it's not doom and gloom either.
Armchair economic analysts use the term 'recession' too readily. It has a meaning. It's not just a term given when some house prices in London fall a bit (house prices are still rising around here, by the way).
We're at the very least 6 months away from recession at present. It probably won't happen.
Join Date: Jun 2004
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Parking the equivalent of BmiBaby over the winter suggests that the winter will be harsh for all airlines if RYR can't make any money.
Buzz is irrelevant. The Post Sept11th era of massive LoCo expansion is firmly in the past. Buzz wasn't going to the wall. In the present economic climate every commentator and analyst is saying that several airline will go under.
Your faith in the Aer Lingus operation is lovely. Not forgetting they came within a whisker of going bust 6 years ago when they were State supported this confidence is suprising. Dublin house prices are down 12% in a year. The dependence on US corporate investment is rapidly becoming a liability as the Euro/Dollar rate rockets. No economy in the West in the last 60 years has expanded like the Republics without resulting in a recession.
You think Eire won't see one? Really?
Take away the Lingus transatlantic revenue and you are left with a small marginally profitable airline that competes on cost with Ryanair. Hardly an investors fantasy dream.
I don't wish to spend undue efforts disparaging specific airlines business models. My views are expressed merely to counter the theory that Jet2 would be an attractive purchase to O' Leary. It isn't and won't be. At any price.
You'll find very very few airlines in a mood to go out shopping in the current turmoil. Lufty for BMI - maybe. You think airlines are going to spend money on adding more regional shorthaul capacity and I say you would have to be on drugs.
Buzz is irrelevant. The Post Sept11th era of massive LoCo expansion is firmly in the past. Buzz wasn't going to the wall. In the present economic climate every commentator and analyst is saying that several airline will go under.
Your faith in the Aer Lingus operation is lovely. Not forgetting they came within a whisker of going bust 6 years ago when they were State supported this confidence is suprising. Dublin house prices are down 12% in a year. The dependence on US corporate investment is rapidly becoming a liability as the Euro/Dollar rate rockets. No economy in the West in the last 60 years has expanded like the Republics without resulting in a recession.
You think Eire won't see one? Really?
Take away the Lingus transatlantic revenue and you are left with a small marginally profitable airline that competes on cost with Ryanair. Hardly an investors fantasy dream.
I don't wish to spend undue efforts disparaging specific airlines business models. My views are expressed merely to counter the theory that Jet2 would be an attractive purchase to O' Leary. It isn't and won't be. At any price.
You'll find very very few airlines in a mood to go out shopping in the current turmoil. Lufty for BMI - maybe. You think airlines are going to spend money on adding more regional shorthaul capacity and I say you would have to be on drugs.
Join Date: Feb 2007
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Quote:
"Ryanair can trample over any airports as it pleases, it can ditch the rules all in the name of achieving lower cost and profits, but you will find, price alone is not a guarntee to supremacy in the skies."
Have to disagree.
FR do not always get what they want and then choose not to fly to the airports that won't meet their demands - their choice, their business.
FR have a proven business model (for FR) but not every airport is willing to participate as not every airport would see a nett gain by having FR operate. Again, their choice, their business.
GH
"Ryanair can trample over any airports as it pleases, it can ditch the rules all in the name of achieving lower cost and profits, but you will find, price alone is not a guarntee to supremacy in the skies."
Have to disagree.
FR do not always get what they want and then choose not to fly to the airports that won't meet their demands - their choice, their business.
FR have a proven business model (for FR) but not every airport is willing to participate as not every airport would see a nett gain by having FR operate. Again, their choice, their business.
GH
Join Date: Sep 2007
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From Earlier post (the big anouncement)
From earlier post (Mr @ Spotty M)
I understood it was due to start services to Newark (New York)around the end of the summer, but they were not going to be sold by Jet2, in that they were being operated on behalf of someone else.
I understood it was due to start services to Newark (New York)around the end of the summer, but they were not going to be sold by Jet2, in that they were being operated on behalf of someone else.
Join Date: Jul 2006
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Take away the Lingus transatlantic revenue and you are left with a small marginally profitable airline that competes on cost with Ryanair. Hardly an investors fantasy dream.
Your faith in the Aer Lingus operation is lovely. Not forgetting they came within a whisker of going bust 6 years ago when they were State supported this confidence is suprising.
Its just a small thing, but stop calling us Eire. Its the Republic of Ireland or Ireland.
Join Date: Feb 2002
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Armchair economic analysts use the term 'recession' too readily.
The vast majority of the public have totally overstretched themselves and rested on the fact that their properties will pay for it.
Things can only get worse.
Join Date: Oct 2004
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not to drift off topic or anything
but a recession is defined as "Two consecutive quarters of declining GDP". We have not done that, and neither has Eire, no matter how many sales you see in the shops; but there are dark clouds looming!