Jet2 - 3

[EGNMCharlie]

Dart Group results announced this morning show underlying pre-tax of £4m vs £14m last year. Shares up 30% in early trade.

Pre tax profit of £11.8 milion according to London Stock Excange and Thomson Financial. Revenue grew by 23% to £429m.

Fuel is fully hedged until 31st March 2009, company says that with a more focused flying programme and fuel hedged they are well placed to improve financial performance in the current financial year.

[MUFC_fan]

Would LS really want to mess around with GSM?

They are in a very stable position whatever people have been saying.

Well done Jet2 and good luck in the future!

[757 Speedbrakes]

Interesting too, was the CAA report that more passengens were carried (over 4 million) from the North of England than any other airline!

[682ft AMSL]

EGNM - the underlying profit is not £11.8m. You have to take away the effect of changes in accounting treatment following IFRS adoption between the two years. Indeed read the full report and in their segmented analysis it reports operating profit of £0.3m from Aviaiton Services in 07/08 compared to £13m in 06/07 which means that the revenue effect of the capacity and passenger growth was more than offset by increased costs. In effect, they chased volume at MAN (and NCL) and it cost them; hence the more "focussed" flying programme now which has taken around 60 - 70,000 seats per month out of MAN compared to S07. The distribution arm makes £5-£6m profit and seems a pretty stable outfit from a P&L perspective and that does at least give the aviation side some breathing space in which to work. Against that background, if they can return the aviation side to a similar level of profitability, it looks undervalued as a business.

[Facelookbovvered]

Shed on a pole

Facelookbovvered,

Your 19:12 post urging readers to "come on have a flutter" on the shareprice of Dart Group (Jet2) is deeply irresponsible and could be construed as "ramping" (promoting a shareprice for personal gain) which is illegal. I am guessing that your posting is born out of genuine enthusiasm for Jet2 rather than for any malicious reason, but nevertheless you should not post a recommendation to trade shares in any named company again unless you are a licensed professional.


And that my son is how you make £5000.00 in to £10,000.00, but i wouldn't advise anyone do anything they can't afford to loose, that will help pay for the new motor (a good way to get rid of some dosh)

lol

[Shed-on-a-Pole]

Hi FLB,

Gloat away when you've doubled your money. But you haven't done it yet! [DTG 'ask' price was 13.5p at the time of our exchange]. I continue to wish you good luck on that score because I will be delighted to see Jet2 thrive, and I have no problem with you making money on your personal trading. However, my altercation with you concerned your inclination to make stock recommendations to other readers and you remain well advised to desist from doing that.

Cheers, SHED.

[Chille Con Carnie]

Was is not the Dart Group PLC in whole that made the profit & just not just Jet2.

[Facelookbovvered]

Shed

Thanks, i bought at 10.75, but have some dealing costs to cover, i reckon that Dart is worth around 36p, get rid of Jet2 and its worth double that and some, don't get me wrong i think its a great product, but there is only so long you can continue flying kit of this age and the return (negative) will not cover the money required to replace them, as for putting winglet on the 757's the term "pollish a turd" comes to mind, sure it might work for conny flying accross the pond eveyday, but thats not Jet2 model, sooner, but i expect later the board will come to their sense's and sell the avaiation bit, look how much more profitable the group would have been worth with out it!!

Gloat!! no i don't do that either, but flying aircraft on ego trips is not an investment plan, i am happy just to punt them where the boss wants, its not my money and it pays enough to keep the kids in private school

[Shed-on-a-Pole]

Congratulations, FLB. However, anyone who purchased on the date you urged them to "have a flutter" has yet to double their money. I still hope they do so.

SHED.

[Yeadon Dam]

Well done to Jet2/Dart for staying well afloat at a time when airlines/transportation are suffering badly elsewhere. Keep up the good work.

[LSJET]

Does Anyone Have anyideas of New routes for summer 09 from leeds

[TartinTon]

1 MAN aircraft for winter?

Interesting that after some fairly lacklustre results they now appear to have pulled all but one aircraft from MAN for their winter schedule. All AGP/ALC/NCE/FAO/VLC etc etc appear to have been pulled. The only things operating are some very thin schedules to Canaries. Anyone with any further clarification?

[MUFC_fan]

I very much doubt LS will only have one a/c flying from MAN this winter. The airport mayt have become a smaller base now but surely not that small!

[airhumberside]

Looks to be 2 aircraft according to their timetable, but with low utilisation on some days. As well as Canaries there is SSH, BUD, GVA and Chambery

[take-off]

At least thats more than blks got this winter, come jan theres only weekly tfs and geneva, even agp been pushed back to end of march rather than feb like this year.

[757 Speedbrakes]

You can add NCL to that list as well.

Currently only 2 destinations for each fleet:

737 - CRK & MJV

757 - TFS & ACE

Plenty of rumors re charters but there will need to be a lot or winter 08 will be more boring than W07

[Channex101]

Dont forget to add CMF to 737 fleet for winter. so thats a whopping 5 destinations in total... and i think you ment ORK lol

[0523 cov man]

cvt

may be going from cvt next year

[BigT2207]

Sardinia - New from Edinburgh!

Following on from the success of the Leeds - Sardinia (Olbia) route launched for Summer 08, flights are now on sale to Sardinia flying from Edinburgh for Summer 09!




from the Jet2 website

[Jamesair]

Hope there will be something new from NCL next summer...still no news on the NCL - Cork route beyond 29th March....any rumours?