Jet2 - 3
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Great news Harrogate. Jet2 have been hoovering up the charter contracts at a far lower price than the competition can match so that's even better.
I guess now we'll see PM drop the cabin crew spend-per-head scheme and give the flight deck a reasonable summer roster.
People who say PM doesn't care about his crews and only achieved these great results through crews goodwill going that extra mile, working days off and going into discretion need their heads examined.
I guess now we'll see PM drop the cabin crew spend-per-head scheme and give the flight deck a reasonable summer roster.
People who say PM doesn't care about his crews and only achieved these great results through crews goodwill going that extra mile, working days off and going into discretion need their heads examined.
Join Date: Dec 2005
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YQX > Gander > LS 4001 > Jet2.com > Landed EWR: 8:03PM
In other news, the interim trading report in full...
http://www.dartgroup.co.uk/pdf/2008Interim.pdf
In other news, the interim trading report in full...
http://www.dartgroup.co.uk/pdf/2008Interim.pdf
Join Date: Jan 2008
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I am very pleased for Jet2. We hear too many bad news about airlines and making a profit is good news.
However this is the second time that the group publishes very good figures in a short and certainly chosen time ie the peak of the season.
The low cost/charter market is very seasonal and it would be very interesting to see what the figures are at the end of the financial year. Traditionally the winter period eats a lot of the profits made in the summer....
However this is the second time that the group publishes very good figures in a short and certainly chosen time ie the peak of the season.
The low cost/charter market is very seasonal and it would be very interesting to see what the figures are at the end of the financial year. Traditionally the winter period eats a lot of the profits made in the summer....
Join Date: Dec 1999
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EBITDA can be used to make any company look great. Remember the original dotcoms? Their EBITDA looked stunning. It's the reason why so many people chucked cash at them. They never saw that cash again.
The controversy over EBITDA is the elimination of a necessary charge for machinery etc from earnings, making the earnings less meaningful.
Join Date: Dec 2005
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Re-Heat
You just proved my case in point. I don't dispute what you say about the future growth rouse.
But one of the reasons for the early appeal of the Dotcoms was due to a massive (read huge) underestimation of ever recurring technology costs. The cutting edge technology associated with and used by them sucked far, far more cash than was initially declared to early investors.
Many did have positive earnings, albethey short-lived.
You just proved my case in point. I don't dispute what you say about the future growth rouse.
But one of the reasons for the early appeal of the Dotcoms was due to a massive (read huge) underestimation of ever recurring technology costs. The cutting edge technology associated with and used by them sucked far, far more cash than was initially declared to early investors.
Many did have positive earnings, albethey short-lived.
Join Date: Apr 2000
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2 Things:
Capital did not go down because they acquired 146's. They went down as a combination of the CAA gunning for a certain individual and the parent company going into administration because of changes in agreements between UK and Norway.
Jet 2's parent - Dart, does not have to suffer because it is a haulage company. Most top end haulage companies are immune to fuel costs because that is not how they do business these days. They charge for the facility and the fuel is on a separate escalator - it goes up and down.
Meeson has been a sharp cookie for a long time and will do for the foreseeable future.
Capital did not go down because they acquired 146's. They went down as a combination of the CAA gunning for a certain individual and the parent company going into administration because of changes in agreements between UK and Norway.
Jet 2's parent - Dart, does not have to suffer because it is a haulage company. Most top end haulage companies are immune to fuel costs because that is not how they do business these days. They charge for the facility and the fuel is on a separate escalator - it goes up and down.
Meeson has been a sharp cookie for a long time and will do for the foreseeable future.
Join Date: Aug 2000
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If I'm reading today's announcement correctly, it says that they had cash of £400,000 in the bank at the end of September. OK, borrowings have been significantly reduced versus last year, but cash has still fallen from £4m this time last year to £0.4m this year. Not good, particularly in an environment where you can't readily borrow money if you need it.
EBITDA is the standard way of looking at profit to the city, hence that's why plc's talk that particular lingo in trading statements.
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From Count Bawbag
No airline survives for long using this business method.
Jet2 have been hoovering up the charter contracts at a far lower price than the competition can match so that's even better.
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No airline survives for long using this business method.
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Slightly tongue in cheek was my post Qwerty.
Jet2 don't have to lease their aircraft so they can undercut others.
Though funny that when it comes time to talking about pay rises and decent conditions their tone changes and they are never doing as well as they just said, like a week ago!
Jet2 don't have to lease their aircraft so they can undercut others.
Though funny that when it comes time to talking about pay rises and decent conditions their tone changes and they are never doing as well as they just said, like a week ago!
They admit the Fowler Welch trucking op is struggling so I presume it's mainly coming from Jet2.
Tesco who have a significant proportion of their business with them went to Stobarts and basically told them to take over Innovate in the interim. It was a very low margin business but Tesco have been advised that rates across industry need to rise significantly as otherwise Innovate will be handed back and will go belly up as no one interested in it for its margins.
In the medium term its likely rates will go up and if Innovate can't be turned around then a loss of capacity could have a very positive impact on Fowler Welch pricing and its parent company. Economic slowdown may impact a bit but chilled retail sector is expanding. Medium to Long term it looks positive.
Since fuel strikes in 2000 the majority of contracts now have fuel escalators built in which are reliant on specific set prices and fuel costs should not be reason for a distribution company struggling unless they really messed it up.
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?
'Jet2 don't have to lease their aircraft so they can undercut others.'
EAAC/EAF/EAC owned theirs too..............................
With capacity being withdrawn as each company 'fails', is Jet2 wise to be mopping up so readily? I would bet AWC have increased the rates on a 146 right about now, and have a very expensive 757 if it's needed, and some interim equipment we used to call the Channel burner when aircraft were in short supply.
Btw, no connection at all to any airline mentioned above,
Bored
EAAC/EAF/EAC owned theirs too..............................
With capacity being withdrawn as each company 'fails', is Jet2 wise to be mopping up so readily? I would bet AWC have increased the rates on a 146 right about now, and have a very expensive 757 if it's needed, and some interim equipment we used to call the Channel burner when aircraft were in short supply.
Btw, no connection at all to any airline mentioned above,
Bored
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QWERTY,
Dart has threee different business models in the aviation group.
The monthly "milk cheque" from the Royal Mail contract that underpins the winter ops and negates the losses .
The charter section that has beaten its budgeted target by March this year and has grown rapidly as others in the UK market have gone to the wall.
And finally the bread and butter Lo Co operation, that has seen a significant improvement in yeild management where sometimes less is more.
All contribute to the bottom line, some more than others, but importantly it doesn't rely on one method.
Dart has threee different business models in the aviation group.
The monthly "milk cheque" from the Royal Mail contract that underpins the winter ops and negates the losses .
The charter section that has beaten its budgeted target by March this year and has grown rapidly as others in the UK market have gone to the wall.
And finally the bread and butter Lo Co operation, that has seen a significant improvement in yeild management where sometimes less is more.
All contribute to the bottom line, some more than others, but importantly it doesn't rely on one method.
Join Date: Aug 2007
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Help please - the LGW/CDG/JIB operation that Jet2 are covering at the moment for Daallo Airways.
Is this to cover a brief shortage of aircraft or is it a Long Term Contract?
Is this to cover a brief shortage of aircraft or is it a Long Term Contract?
Join Date: Dec 2005
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Does anyone know if there's any news on Jet2's plans for a scheduled service to Israel?
It all seems to have died off since the initial buzz a few months ago.
In other news, it's good to see the DTG share price bubbling along nicely. Wish I'd bought some at 9p now.
It all seems to have died off since the initial buzz a few months ago.
In other news, it's good to see the DTG share price bubbling along nicely. Wish I'd bought some at 9p now.
Join Date: May 2005
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Charter flights
It appears that Jet2 have quite a few flights this winter from airports where they don't have based aircraft.
I see they have flights from Dublin tomorrow to Lanzarote,Chambery,Las Palmas.
If I recall,they are operating flights from EMA,CWL,BRS,anybody else know of any other flights they have picked up?
Also see there is an arrival tomorrow from Brize Norton into LBA,are they doing trooping flights as well now?
I see they have flights from Dublin tomorrow to Lanzarote,Chambery,Las Palmas.
If I recall,they are operating flights from EMA,CWL,BRS,anybody else know of any other flights they have picked up?
Also see there is an arrival tomorrow from Brize Norton into LBA,are they doing trooping flights as well now?
Last edited by lbalad; 9th Jan 2009 at 22:58.
