Jet2 - 3
Join Date: Mar 2007
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With the loads seen at BLK and the prices they are charging, surely they have made a tiny profit at least from the airport!
As this is probably their smallest operation out of any of their bases, surely their other homes will be making bigger money?
Obviously this is all presumptions but I wouldn't be surpried if the airline turn round and silence all the 'speculators.'
With the size of the company behind them, we will definately see the airline here next summer.
As this is probably their smallest operation out of any of their bases, surely their other homes will be making bigger money?
Obviously this is all presumptions but I wouldn't be surpried if the airline turn round and silence all the 'speculators.'
With the size of the company behind them, we will definately see the airline here next summer.
Join Date: Sep 2005
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When the group announces it results does it differentiate between the business units? If it doesn't then it's very difficult to say whether Jet2 is punching it's weight?
Join Date: Mar 2007
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Apparently they made £300,000 profit.
I was always told that f a compnay breaks even it is successful. Yes, in the industry Jet2 operates in the airline needs to make a BIG profit as they constantly need to expand and improve but in the current situation the airline is matching it's outgoings with it's income which would keep the shareholders happy if I was one of them.
I was always told that f a compnay breaks even it is successful. Yes, in the industry Jet2 operates in the airline needs to make a BIG profit as they constantly need to expand and improve but in the current situation the airline is matching it's outgoings with it's income which would keep the shareholders happy if I was one of them.
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its 30Million profit, the trading statement can be found here (top right of screen) Dart Group PLC
PM and Jet2 have thrived through hard times before, in fact Jet2 was built off the back of 9/11. Cheap aircraft are coming onto the market again due to airline failures and I expect PM will take advantage of this.
PM and Jet2 have thrived through hard times before, in fact Jet2 was built off the back of 9/11. Cheap aircraft are coming onto the market again due to airline failures and I expect PM will take advantage of this.
Join Date: Mar 2007
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Redundancies at NCL
I have been told by some of our crew today that there had been up to 20 Jet2 employees laid off at Newcastle as recently as Monday or Tuesday this week. I also heard that it came as some surprise to those affected and had caused a lot of upset.
Join Date: Nov 2001
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i have every sympathy with people who are being made redundant. Its really isn't great.. i kinow having been there myself before.
The fact is though that the airline is a buisness and not a charity. If there is not work for these people what do you expect the airline to do with them?
Look at Ryanair, BA Aerlingus et'al they are all are cutting back... Jet2 is not on its own here.
I hope everything works out for anyone who looses their jobs. Good luck to all concerned.
The fact is though that the airline is a buisness and not a charity. If there is not work for these people what do you expect the airline to do with them?
Look at Ryanair, BA Aerlingus et'al they are all are cutting back... Jet2 is not on its own here.
I hope everything works out for anyone who looses their jobs. Good luck to all concerned.
Join Date: Nov 1999
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MUFC
'With the size of the company behind them, we will definately see the airline here next summer.'
Not wishing to temp gremlins at all................
AP Moller is a global massive company that 'backed' many airline concerns, two bore the 'trading' name of the group, then one day, I guess, they did not fit the group profile any more :-(
Affraid group backing counts for nothing if the big picture changes.
Not wishing to temp gremlins at all................
AP Moller is a global massive company that 'backed' many airline concerns, two bore the 'trading' name of the group, then one day, I guess, they did not fit the group profile any more :-(
Affraid group backing counts for nothing if the big picture changes.
Join Date: Apr 2005
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What about that £30million?
To announce such a jump in profits over a short but busy period a couple of weeks ago and then to have made people redundant this week is a bit of a kick in the teeth for those involved.
Hope everyone finds work soon.
Maybe we all should be watching our backs.
To announce such a jump in profits over a short but busy period a couple of weeks ago and then to have made people redundant this week is a bit of a kick in the teeth for those involved.
Hope everyone finds work soon.
Maybe we all should be watching our backs.
Join Date: Dec 2005
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They're trimming at Newcastle, but adding staff across other departments elsewhere.
For them to keep the Newcastle staff would be like if Tesco closed a store in Newcastle, but opened 2 new stores in Leeds, yet kept the Newcastle staff in employment. It wouldn't make sense.
It's sidesteps at worst for the company. Not steps backwards.
Again, basic stuff.
For them to keep the Newcastle staff would be like if Tesco closed a store in Newcastle, but opened 2 new stores in Leeds, yet kept the Newcastle staff in employment. It wouldn't make sense.
It's sidesteps at worst for the company. Not steps backwards.
Again, basic stuff.
Join Date: Apr 2005
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How can they expect staff loyalty etc if they treat you like that?
Why go out of your way to acheive so much for the company if you know the first sign of trouble they trim the staff levels?
Why go out of your way to acheive so much for the company if you know the first sign of trouble they trim the staff levels?
Join Date: Mar 2007
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I maybe wrong, but I think it is mainly CC employed for Summer - as with many other airlines.
Contract Pilots are also leaving as it is the end of Summer. Some been offered positions at other bases too!
Contract Pilots are also leaving as it is the end of Summer. Some been offered positions at other bases too!
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There is a difference between not renewing someones contract, and laying people off. The former is not redundancy.
If the distressing sights are true, then surely it is full-time permanent employees. Can someone shed light on the truth?
If the distressing sights are true, then surely it is full-time permanent employees. Can someone shed light on the truth?
Join Date: Mar 2007
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I am not sure but I didn't think Jet2 employed seasonal flight crew (flight deck or cabin). If they were seasonal then they would have been aware that they would finish at the end of the season (31st October usually) and would have been prepared. From what I hear, the news came as a big shock to them so I suspect they were permanent. As has been said before if things are so bright, why then are they "trimming" for want of a better word. I am hearing from around the place that Jet 2 have once again become one of the bookies favourites to pop their clogs next. The bookies seem to be able to see through the flim flam coming from Jet 2 even if others such as harrogate and lager lout cannot.
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19 cabin crew, most perm contract some summer contract have been told that they must move base or face redundancy. A B757 was taken away from NCL at the end of last year and deployed elsewhere on the network, the crew requirement was good for the summer program, however NCL has a vastly reduced winter program. There are some 30 odd vacancies for CC at LBA 5 at MAN and a few at EDI and the crew have been offered these places, however there is no guarantee that they can return to NCL next summer (but the likelyhood is that they can but probably only for the summer). The summer contract pilots have been let go which is normal for the winter season. Like most airlines Jet2 has a tight grip on costs and decisions have to be taken sometime which are not pleasant, however it is for this very reason that Jet2 will not only survive this downturn it will continue to remain profitable.
My sympathy goes to the crew affected, they are a great bunch!
My sympathy goes to the crew affected, they are a great bunch!
Last edited by bluepilot; 26th Sep 2008 at 21:34.
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Quote
I am hearing from around the place that Jet 2 have once again become one of the bookies favourites to pop their clogs next. The bookies seem to be able to see through the flim flam coming from Jet 2 even if others such as harrogate and lager lout cannot.
Reply
Jet 2 are here to stay, PM is on the ' Richlist' at the back worth around = 40 mill.
Jet 2 are well ahead for the future, They just need to look after their 'ageing' 733's & 752's.
Lol - even the man on the street has noticed how old Jet 2's Aircraft are.
Was talking to a neighbour the other week, And he knows nothing about the Airline Biz.
I agree As previously said by 'Facelookbovered' I think? the NY routes will test the 'ageing' 75's to their limits.
A long way away if anything goes tech!
Jet 2 need a 'newish' 76 for the NY flights.
I think it would make sense financially, And it would put alot of extra 'Airframe' strain on the 75.
The 75's are very old 'birds' and need to be nursed through the rest of their op lives.
It's a kind of How long do you run a racehorse for ??
And the bookies - what do they know
I am hearing from around the place that Jet 2 have once again become one of the bookies favourites to pop their clogs next. The bookies seem to be able to see through the flim flam coming from Jet 2 even if others such as harrogate and lager lout cannot.
Reply
Jet 2 are here to stay, PM is on the ' Richlist' at the back worth around = 40 mill.
Jet 2 are well ahead for the future, They just need to look after their 'ageing' 733's & 752's.
Lol - even the man on the street has noticed how old Jet 2's Aircraft are.
Was talking to a neighbour the other week, And he knows nothing about the Airline Biz.
I agree As previously said by 'Facelookbovered' I think? the NY routes will test the 'ageing' 75's to their limits.
A long way away if anything goes tech!
Jet 2 need a 'newish' 76 for the NY flights.
I think it would make sense financially, And it would put alot of extra 'Airframe' strain on the 75.
The 75's are very old 'birds' and need to be nursed through the rest of their op lives.
It's a kind of How long do you run a racehorse for ??
And the bookies - what do they know