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Old 31st Aug 2008, 09:26
  #1221 (permalink)  
 
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Every airline is out to minimise loss this winter,B.A,RYR,EZY,Flybe etc, so why are suggesting that Jet2.com should not batten down the hatches on all the hard work this summer( i.e profits ) and keep it in the bank ? Are they doing anything that the others aren't ?

Have alook at the BLK, Man and NCL flying programme for the winter, are those bases going to make money?
Manchester for example, quiet a few staff and not too much flying on the cards as yet, and maybe not that much planned as I've heard that some of the engineers can take unpaid leave for the winter.
What about BFS and EDI, not excatly busy for the winter..
They won't be able to keep the profit in the bank, because like alot of other airlines they will have to spend it over the winter, and even some of the previous years profits too.
So,freightdoggy dog, your welcome for the "we're all doomed". How long can an airline that owns all its own aircraft keep them on the ground for? At least if they were leased they could go back to their owners, they are now forced into trying to lease aircraft 20yrs+ old, so they could be competing with the likes of Flightline and European this winter.
Maybe freightdoggy dog, its time to get yourself down to kennel to find a new arse to sniff, because having your nose in the same one for 19years can't be good for you. I've heard it can make you BLIND.
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Old 31st Aug 2008, 10:11
  #1222 (permalink)  
 
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mr brown,

perhaps it's time you got yourself down to the job centre to look for a new employer. It is not good to work for a company that you clearly dislike. It sounds as if you are willing the company to fail, which is very sad, as the vast majority of posters on these forums are willing airlines to survive. Times are vey difficult for all airlines at the moment and it is to be expected that flying is reduced over the winter months. Despite this Jet2 are adding yet more new destinations for this winter and next summer and you as an employee like me as a customer should be chuffed to bits.

I recommend a new job completely away from the aviation industry, such as train driver. This will help put a smile back on your face as you sound quite an unhappy person. I say this with all sincerity.

I'd like to add that I wish Jet2 all the best and thank them for their continued expansion in very trying times.

Leeds App.
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Old 31st Aug 2008, 10:40
  #1223 (permalink)  
 
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Mr Brown

A bit of a simplistic view on a couple of these matters....
They won't be able to keep the profit in the bank
'Profit' does not simply go into the bank, companies who make profits may have no money in the bank. Profit may lead to a better balance in the bank but many firms who are massively profitable may be cash poor, a profit is a increase in wealth. So my point is that profit is not necessarily liquid hence may not be available to finance losses in difficult times.


if they were leased they could go back to their owners
Aircraft leases are not as simple as hey we will send them back to the lessors, there usually is an agreed lease period, and usually any return of an aircraft before the expiry date of the lease would mean a penalty often quite heavy ones.
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Old 31st Aug 2008, 11:13
  #1224 (permalink)  
 
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Robo283,

Actually, we at Virgin Atlantic hedge both fuel and currencies.

So, you are quite wrong.
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Old 31st Aug 2008, 13:17
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Don't forget that the Aircraft at EDI, NCL, BFS do the Royal Mail night time contacts ... so in reality they may have quite a lot of slack during the day but at night they are shuttling up and down the country! I wouldnt mind betting that a Jet2 737 at say NCL will do more rotations in 24 hours than say a Monarch A320!

Maybe Mr Brown forgot that the Jet2 birds make money during the night aswell as the day!

Jet2 also have an extensive charter operation! Charter flights this week:

DUB-VRN-DUB
MAN-AYT-MAN
LGW-KGS-LGW
LGW-FUE-LGW
MAN-DLM-MAN
MAN-REU-MAN
STN-FAO-STN
MAN-MLA-MAN
STN-PMI-STN
STN-MAH-STN
STN-LDE-STN
LBA-VRN-LBA
STN-VAR-STN
STN-SKG-STN
EDI-VLC-LTN
STN-FAO-STN

Remeber Jet2 sell no seats on these flights at all, the charter operations grows during the winter. So actualy, Jet2's aircraft sit on the ground a lot less than you may think!
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Old 31st Aug 2008, 15:32
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EGNM Charlie:

I belive you said you have a PPL and I assume you live near Leeds????

Perhaps you would like to become a commercial pilot one day??

I propose you have Mr Brown's job and Jet2 can gain one more enthusiastic employer and get rid of one who, well............. isn't!

I mean, I've been known to winge as much, if not more , than the rest about some stupid and non-sensicle decisions made by Jet2 but I'm affraid Mr Brown is entering the relms un-professionalism at a rather worring time for a lot of us aircraft drivers. Opinions justified or not, it's not nice to be hear your employer is going bust any moment, even if we know it to be malious b***ocks.

I should stop coming on this website after earlies.....rant over!!
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Old 31st Aug 2008, 16:00
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EGNM Charlie:

I belive you said you have a PPL and I assume you live near Leeds????

Perhaps you would like to become a commercial pilot one day??

I propose you have Mr Brown's job and Jet2 can gain one more enthusiastic employer and get rid of one who, well............. isn't!
Spot on! Nothing I would like more to be taking a channex 757 down to PMI ... hopefully it may be reality soon (well maybe not as some tits keep harping on how Jet2 will be bust soon .... )

Mr. Brown, you are clearly unhappy at Jet2 so why not go somewhere else instead of talking a load of rubbish about them! Its not like you are obliged to work for Jet2... so if you dont like it why not pi$$ off and stop portraying Jet2 in such a bad light!!
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Old 31st Aug 2008, 16:36
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Robo

I am no expert when it comes hedging (well i can just about trim a box hedge) a friend of mine is very much into it, not fuel but cover position for stock & shares, as i understand it you can't buy a future position for free, you pay a margin whether you call or not and it needs to be money comitted either provided by you or bank (See article in todays Sunday time re XL airways) the one big things most airlines have is positive cash flows which reduces the funding cost, much as a mortgage offset or one account, but you can't use forward funds to trade whilst insolvent.

Get the hedging wrong or not covered and the result are not nice as Gold Mouth MOL has found, get the currency wrong and it cab get very ugly, the problem with have in the UK at the minute is the pound has weakend against both the Euro & $ most LoCo have little exposure to the $ oil aside but a fare bit to the Euro, it does of course mean visiting the UK is much cheaper, if you can think of a good reason to come here that is and i can't think of one, unless your a duck
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Old 1st Sep 2008, 10:36
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Are people still harping on about Jet2 going bust?

I think you're all gonna be very surprised shortly.
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Old 1st Sep 2008, 11:06
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So the specualtion begins.....
Assuming not going bust.
They announce huge number of surprise destinations.
They become part of Easeyjet
They become part of Ryanair.
They do all the flights for Thomo group or other.
They have new finance and order 30 new aircraft.
Some tie up with a front line operator.
Did I miss something Harrogate?
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Old 1st Sep 2008, 11:15
  #1231 (permalink)  
 
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My advice to everyone is to shut up with the inept speculation and wait a few weeks.

But they won't.

So carry on...
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Old 1st Sep 2008, 11:22
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Thought this was a rumours network not a news channel.
There would'nt be many postings if facts only were published.
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Old 1st Sep 2008, 11:35
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My advice to everyone is to shut up with the inept speculation and wait a few weeks.

But they won't.

So carry on...
They are going to sponsor me all the way to fATPL?
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Old 1st Sep 2008, 11:42
  #1234 (permalink)  
 
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Informed speculation is one thing. Spotters going rabid about fantasy business models is another.
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Old 1st Sep 2008, 12:08
  #1235 (permalink)  
 
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Harrogate,I am not a spotter nor a disgruntled rabid aviation worker like you.
Part of the fun on this site is speculation.
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Old 1st Sep 2008, 13:31
  #1236 (permalink)  
 
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I wasn't talking directly to you. Less of the self-obsession.

I'm not a disgruntled aviation worker either. On the contrary. I'm very happy and self-employed.

Thanks.
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Old 1st Sep 2008, 13:31
  #1237 (permalink)  
 
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My advice to everyone is to shut up with the inept speculation and wait a few weeks.

But they won't.

So carry on...
My bit of speculation is as follows ....

Dalaman to be announced from Leeds Bradford and Manchester, once weekly on a Monday.
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Old 3rd Sep 2008, 14:38
  #1238 (permalink)  
 
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I'm affraid Mr Brown is entering the relms un-professionalism at a rather worring time for a lot of us aircraft drivers. Opinions justified or not, it's not nice to be hear your employer is going bust any moment, even if we know it to be malious b***ocks.
For the record I've never said Jet2 are "going bust", I have only suggested that there are going to be very trying times ahead. ie eating into previuos years profits....
Mine is only one opinion, however I refuse to look at the future of Jet2 through rose coloured glasses. Times ahead are going to be difficult for most airlines, and I'm sure Jet2 are doing everything they can to maintain their position in the industry, but I won't bury my head in the sand. The industry as a whole is suffering and jet2 being a part of that will find it difficult.
Are they big enough to survive? Thats only a question everybody!
I for one, believe they might have to restructure if it continues ( which I have stated before) and it MIGHT mean some jobs going etc. I don't realy know what is going to happen, and not many of us can know but if someone wants to convince me otherwise, by all means do.

Mr. Brown, you are clearly unhappy at Jet2 so why not go somewhere else instead of talking a load of rubbish about them! Its not like you are obliged to work for Jet2... so if you dont like it why not pi$$ off and stop portraying Jet2 in such a bad light!!
I am happy at Jet2, just because I've said things that aren't all good and brill and fab about the company doesn't make me unhappy working there. Like I said I won't bury my head in the sand.
Anyway who's hiring in this climate?
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Old 3rd Sep 2008, 15:51
  #1239 (permalink)  
 
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Do LS operate a Charter flight to Dalaman during the summer season. Just look at MAN arrivals it says LS2002 (2022 or something), Dalaman expected 00:00.

If So which A/C will be deployed on the route, 733 or 752.
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Old 3rd Sep 2008, 16:30
  #1240 (permalink)  
 
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757 - the 737 doesn't have big enough fuel tanks, and in any case I'd be bored out of my tiny mind if I had to fly that far in the cockpit of a 73.
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