Jet2 - 3

[4567]

Anybody know how Jet2 is coping with Fuel prices etc at the moment? Have Profit/loss figures been released for last year? Any more share drops?

[MUFC_fan]

LS have hedged their fuel until next summer.

Check the news section on their website.

[Mr.Brown]

LS have hedged their fuel until next summer

What happens in winter 09 then? I think its just prolonging the inevitable!
Anyway with the way this summer is going, they won't even get past September.
It has been a really really bad start to the summer all ready with aircraft reliability not doing good at all.
Its great that they have hedged the fuel and own their own aircraft but have they got the money to keep those buckets in the air?????

[Facelookbovvered]

MOL Rubbish

MOL spouting his usual tripe, asked to name airlines who wont make it, he comes up with Flybe (who are 15% owned by BA, have a good business base = high fares and low running cost turboprops) and Jet2!!

This is from the mouth of MOL who has just taken a 90m Euro writedown on his punt (no pun/punt intended) on Aer Lingus and has managed to find himself unhedged at the time of historic high fuel prices.

Remember if it looks like a duck, walks like a duck and quacks like a duck, then it probably is a duck!! Blair,Maxwell, MOL next what utter B******t this guy comes up with

[MUFC_fan]

Would surely have to say that the two most stable locos/low fare airlines have to be BE and U2? BE has the backing of one hell of a financial fist who won't want to see their stake diminished and their future regional airline put into jepordy! Also, U2 started to attract a lot of business passengers a couple of years ago and now is prospering in this market even more. U2 have the business backing at the moment in that they are the biggest loco in London and have flights to the major business centres across Europe mostly to the main airports.

Obviously FR are going to be up there as they have huge amounts of £££s in the bank but I don't see them maintaining stability like the two mentioned above over the next couple of years.

Having said that the price of fuel has started to drop abit due to both more fuel becoming available and the drop of oil demand from growing economies so hopefully we will see more drops and see less fears of that stupied figure of $200/barrel mentioned!

Hey, by the time LS's hedging runs out fuel may have returned to it's once normal price! What would MOL have to say to that!

[4567]

Have LS released there profits or loss for last year?
Is there plans to expand LS long-haul?

Did MOL mention GSM aswell?
Not going to well for them at the moment 13million loss last year However Tom Dalrymyple called this "insignificant" so the Globespan gruop must have money. Though its stated that there well on target to make profit end of 08 with bookings up 10% this year and those money making 763's which are to be leased W08 and suposidly 736's & 733's to be sold off end of the year. Supposidly to be replaced by 7NG's & 738's and 1 more 752 for YHM programe S09. Though they have this court date on July 2nd which could entail an unlimited fine which doesn't help matters. I hope they are flying for a long time to come just better hope there long-haul goes ok this year atleast there using there own 763's and 752.

[A320fan]

Have LS released there profits or loss for last year?

They released last years accounts up to the 31st March 2007, a profit of £18.1 million. They are due to release accounts up to the 31st March 2008 in the coming weeks so it could be a make or break time.

What happens in winter 09 then? I think its just prolonging the inevitable!

Well that is a very very good question, however it may not be prolonging the inevitable! Say Jet2 hedge their fuel ($130/gallon as an example) for winter 2009/summer 2010. In 2009/10 there is no way to predict what will happen to fuel prices but *my* personal oppinion is that it will keep on increasing then Jet2 are sorted. It is a big gamble but not as bigger gamble that Ryanair are on, they are unhedged and MOL seems to think that fuel is going to rapidly decrease in price and if it doesnt then he has said that Ryanair WILL only break even in 2009. Personally I think that the Dart Group (not just Jet2!!) will make a profit this year, next year and for many years to come.

People keep bringing up ohhh "Jet2 is doomed" well that is a complete load of rubbish, Jet2 has changed a lot to accomodate this 'economic downturn rubbish' by cutting capacity at Manchester & Newcastle, where certain routes were not profitable, they have whacked charges for bags, seat selection etc and lowered hold baggage allowance, changed the way commission works for the cabin crew so even if Jet2 make a slim profit on the actual 'flying' they will have added a tidy some on the additional charges that so many airlines keep adding on.

[lbalad]

New York flights

Anybody any clue as to how this limited series of flights is selling so far?

[exrotarybooty]

From the Jet2 web-site:

Soon after news of the New York service was launched on 8 May, the company was flooded with bookings, the vast majority by women, and if the pattern of 72 per cent female bookings continues, it will be the most popular route out of Yorkshire for women passengers.

Mandy Round, General Manager at Jet2holidays, said: "We knew this would be a popular route for Christmas shoppers, but we didn’t anticipate it would have such a strong female bias."

ERB

[Musket90]

I wonder if their male partners are aware - could be an unexpected very expensive Christmas for some.

[danielsirrom]

In response to the above post...

WOMEN....know your place!

I was told recently, although I'm not sure if it is true or not, that nowadays some women have their own incomes.

[dochealth]

Mr Brown

Got any figures for LS reliability and/or delays?

Any one know average fleet age?

[Musket90]

daniel - I wish mine had.

[Mr.Brown]

Got any figures for LS reliability and/or delays?

If you believe the airline, On time performance is great ( http://www.jet2.com/flightinfo.aspx), but every airline says that. Should we believe their own propaganda?

Remember the wepons of mass destruction in Iraq

I know that they have had a few more problems with aircraft reliability this year, more than expected.

[flybar]

Looks as though they have a 757 gone tech in Murcia

[scamptonboy]

dochealth

Any one know average fleet age?

737's 15 built in 86, 2 in 87 and 4 in 88 Avg fleet age 20.8 years
757's 3 in 87, 3 in 88, 1 in 89, 1 in 90 and 1 in 92 Avg fleet age 19.7 years

Scamps

[Facelookbovvered]

We know ryanair and easyjet have a young fleet, but how does Jet2 average fleet age compare with the likes of Flybe,baby,Globespan, AirBerlin, BA & KLM?

[A320fan]

I hve only put in airlines with similar fleets.

BA:
BA 737 Fleet Age: 16.1 Years
BA 757 Fleet Age: 13.6 Years

BmiBaby:
WW 737 Fleet Age: 13.3 Years

European Air Charter
EAF 737 Fleet Age: 31.9 Years

Monarch:
MON 757 Fleet Age: 22.9 Years

Globespan:
GSM 737 Classic Age: 9.4 Years
GSM 737 Next Gen Age: 4.2 Years
GSA 757 Age: 12.2 Years

Thomas Cook:
TCX 757 Age: 12 Years

FlyBE:
BE BAe 146 Age: 18.2 Years

First Choice
FCA 757 Age: 10.2 Years

Thomsonfly:
TOM 737 Classic Age: 11.7 Years
TOM 757 Age: 14.3 Years

Lufthansa:
LH 737 Age: 17.4 Years

So yeah Jet2 aircraft are not young, but many airlines have other variants that are way over the 20 mark on such things as 767's.

[A320fan]

Looks as though they have a 757 gone tech in Murcia

Yep, G-LSAB the BFS based 757 is in Murcia, but Jet2 used the LBA based 757 G-LSAI for the passengers going back to Belfast and have cancelled the LBA service. Its showing as est LBA 18.00 today so either crew went out of hours or AB is poorly and will be coming up to LBA today for maintenance at Multiflight?

[757 Speedbrakes]

AB................... not one of the aircraft earmarked for ETOP's

Still, at least Jet2's engineering is a little better than Globescams