Jet2 - 3
Join Date: Sep 2004
Location: UK
Posts: 243
Likes: 0
Received 0 Likes
on
0 Posts
I wonder??? Maybe it was this........
RNS Number : 4715Q
Dart Group PLC
14 April 2009
Dart Group PLC ("the Group")
Pre-close trading update
Dart Group PLC, the aviation and distribution group, announces a pre-close trading update in respect of the year ended 31 March 2009.
Since the announcement of its interim results on 4 December 2009, the Group has continued to trade ahead of market expectations over the second half of the financial year.
Jet2.com, the Group's leisure airline, has benefited from a cautious approach to its winter schedule, supplemented by a strong charter programme.
Fowler Welch-Coolchain, the Group's distribution business, continues to perform in line with the Board's expectations.
Cash flow remains strong, with the Group ending the year with positive cash balances.
Overall, the Board expects the Group's full year results to be ahead of current market expectations, as a result of both the strong trading performance and one-off treasury gains, driven by the strength of the US dollar.
The Board is pleased to report that Jet2.com scheduled bookings and load factors for summer 2009 are in line with 2008 levels.
The Group expects to announce its preliminary results for the year ended 31 March 2009 on 30 July 2009.
14 April 2009
RNS Number : 4715Q
Dart Group PLC
14 April 2009
Dart Group PLC ("the Group")
Pre-close trading update
Dart Group PLC, the aviation and distribution group, announces a pre-close trading update in respect of the year ended 31 March 2009.
Since the announcement of its interim results on 4 December 2009, the Group has continued to trade ahead of market expectations over the second half of the financial year.
Jet2.com, the Group's leisure airline, has benefited from a cautious approach to its winter schedule, supplemented by a strong charter programme.
Fowler Welch-Coolchain, the Group's distribution business, continues to perform in line with the Board's expectations.
Cash flow remains strong, with the Group ending the year with positive cash balances.
Overall, the Board expects the Group's full year results to be ahead of current market expectations, as a result of both the strong trading performance and one-off treasury gains, driven by the strength of the US dollar.
The Board is pleased to report that Jet2.com scheduled bookings and load factors for summer 2009 are in line with 2008 levels.
The Group expects to announce its preliminary results for the year ended 31 March 2009 on 30 July 2009.
14 April 2009
Join Date: Feb 2009
Location: Mostly in a tube, taxi or hotel.
Posts: 20
Likes: 0
Received 0 Likes
on
0 Posts
All very good, especially for those of us who bought shares at 19p 
However, before we all start saying how wonderful the management are and PM and ID certainly deserve some credit, lets not forget where some of the savings came from on the bottom line:
* Reduction in leave
* Loss of contract pilots
* Next to nothing, in fact since 1st May, NO COMMISION for the Cabin Crew
* Changes in Fuel Policy helped mostly by us bus drivers
* No pay increase for the last few years
* Reduction in Staff Travel
* Forced relocation and changes to Cabin Crew from permenant to seasonal / part time contracts (at some bases)
I'm sure I could go on. It's not a gripe at the company, just a reminder to give some credit where its due............ the staff!!
However, before we all start saying how wonderful the management are and PM and ID certainly deserve some credit, lets not forget where some of the savings came from on the bottom line:
* Reduction in leave
* Loss of contract pilots
* Next to nothing, in fact since 1st May, NO COMMISION for the Cabin Crew
* Changes in Fuel Policy helped mostly by us bus drivers
* No pay increase for the last few years
* Reduction in Staff Travel
* Forced relocation and changes to Cabin Crew from permenant to seasonal / part time contracts (at some bases)
I'm sure I could go on. It's not a gripe at the company, just a reminder to give some credit where its due............ the staff!!
Join Date: Jan 2008
Location: desert climate
Posts: 92
Likes: 0
Received 0 Likes
on
0 Posts
this is sick.
Some cabin crew are having serious problems due to jet2 effectivley stealing from their wage packets with the new comission scheme. I have seen complete dispair with some crews when not meeting unrealistic targets, plus the flight deck crew suffer with little or no summer leave and reduced t and c. Yet HR splash and waste money on "geat deal friendlier" programs which are now really sticking in the throat of crews.
Jet2 is a mess, short term they are lining the pockets of shareholders, long term it will self implode due to the horrendous mis managment by HR and their cronies.
Some cabin crew are having serious problems due to jet2 effectivley stealing from their wage packets with the new comission scheme. I have seen complete dispair with some crews when not meeting unrealistic targets, plus the flight deck crew suffer with little or no summer leave and reduced t and c. Yet HR splash and waste money on "geat deal friendlier" programs which are now really sticking in the throat of crews.
Jet2 is a mess, short term they are lining the pockets of shareholders, long term it will self implode due to the horrendous mis managment by HR and their cronies.
Join Date: Dec 2005
Location: Leeds
Posts: 702
Likes: 0
Received 0 Likes
on
0 Posts
Jobs or perks?
I'd rather just have a job in the short-term at the moment, and worry about perks for when the market picks up.
Slur the company if they still screw the crews when the good times come back. At least they stand a chance of seeing the good times again when/if they ever come back, unlike a few other airlines I can think of.
I'd rather just have a job in the short-term at the moment, and worry about perks for when the market picks up.
Slur the company if they still screw the crews when the good times come back. At least they stand a chance of seeing the good times again when/if they ever come back, unlike a few other airlines I can think of.
Join Date: Feb 2009
Location: Mostly in a tube, taxi or hotel.
Posts: 20
Likes: 0
Received 0 Likes
on
0 Posts
Jobs or perks?
Comission is not a perk for the cabin crew, it's a large percentage of their salary. It means they may lose up to £4-5k a year and their mortgages are based on this figure. We're not talking about losing the right to buy a sandwich on board at half price here.
Of course everyone would rather keep their jobs but this has had another big hit on crew moral. 757 Flyer hits the nail on the head when he points out that whilst the crew lose this money in the name of the company, they have to watch the company throw thousands away on useless schemes by out-of-touch marketing and HR bods.
Join Date: Dec 2005
Location: Leeds
Posts: 702
Likes: 0
Received 0 Likes
on
0 Posts
I don't disagree that it's hard on the staff, but what does a company do in the current climate?
Given their market and the state it's in, it's only natural that they should want to fellate the shareholders for a while. What's the other option? It's schmooze or lose right now.
Jet2 aren't unique for putting the squeeze on their employees at the moment. My missus has has had to take a 1/5 pay cut and a 12 month bonues freeze - and that's all based merely on the fear of the recession by her company, because they've just had a record year and have won more new business than ever before. Arguably that's more galling, but it's the name of the game right now. It's hard, but she understands (well, she does now).
Same deal in other companies around here at the moment, be they new media or heavy engineering. It's a sign of the times.
People are quick to bang on about shrwedness and prudence when talking about the state of the economy right now, yet they throw all manner of abuse at employers, banks, etc who are trying to exercise genuine caution.
And you get HR and marketing incompetence in most companies. I don't know the ins and out of what you're referring to when you talk about marketing and HR goofs, but let's hope Jet2 learn quickly in areas like that where they could be doing much better.
Given their market and the state it's in, it's only natural that they should want to fellate the shareholders for a while. What's the other option? It's schmooze or lose right now.
Jet2 aren't unique for putting the squeeze on their employees at the moment. My missus has has had to take a 1/5 pay cut and a 12 month bonues freeze - and that's all based merely on the fear of the recession by her company, because they've just had a record year and have won more new business than ever before. Arguably that's more galling, but it's the name of the game right now. It's hard, but she understands (well, she does now).
Same deal in other companies around here at the moment, be they new media or heavy engineering. It's a sign of the times.
People are quick to bang on about shrwedness and prudence when talking about the state of the economy right now, yet they throw all manner of abuse at employers, banks, etc who are trying to exercise genuine caution.
And you get HR and marketing incompetence in most companies. I don't know the ins and out of what you're referring to when you talk about marketing and HR goofs, but let's hope Jet2 learn quickly in areas like that where they could be doing much better.
Last edited by harrogate; 15th Apr 2009 at 11:31.
Join Date: Jan 2008
Location: desert climate
Posts: 92
Likes: 0
Received 0 Likes
on
0 Posts
"jobs or perks"
Cant you see whats going on here? There is no real threat to the Dart group at present in the resession. Because the media play resession news every day the management are playing on this fear, and the reason? Not to protect jobs but to improve the bottom line, bump up the share prices and increase profits. Dont forget Jet2 was set up on the back of 9/11, PM always takes advantage of downturns. The problem is that they are going too far and it will turn round and bite them. The front line staff are getting so fed up with the p*** taking that this will effect the product in the long run. Why should a cabin crew member flog themselfs for 13 hours trying to sell knowing that the target is unreachable? They will eventually just do the minimum as the resentment builds. Or as some are doing, find a decent employer.
Harrogate, can jet2 do any wrong in your eyes?
Cant you see whats going on here? There is no real threat to the Dart group at present in the resession. Because the media play resession news every day the management are playing on this fear, and the reason? Not to protect jobs but to improve the bottom line, bump up the share prices and increase profits. Dont forget Jet2 was set up on the back of 9/11, PM always takes advantage of downturns. The problem is that they are going too far and it will turn round and bite them. The front line staff are getting so fed up with the p*** taking that this will effect the product in the long run. Why should a cabin crew member flog themselfs for 13 hours trying to sell knowing that the target is unreachable? They will eventually just do the minimum as the resentment builds. Or as some are doing, find a decent employer.
Harrogate, can jet2 do any wrong in your eyes?
Join Date: Dec 2005
Location: Leeds
Posts: 702
Likes: 0
Received 0 Likes
on
0 Posts
Yes, of course they can. I don't subscribe to this football fan-like allegiance that lots of people on here display when talking about airlines and airports. I don't owe Jet2 anything in terms of good PR. I find them to be above average from personal experience of using them, but I they're by no means the best airline I've ever flown with. The staff are nice, and I know a couple of them.
I honestly don't believe that you just said that there's no threat at present to a company that operates only in air travel and logistics. They're 2 of the most narrow margin industries I can think of, and are far more susceptible than many other industries to fluctuation and whim. Just count the number of haulage companies and airlines that have gone balls up in the past year or so.
Now think for a minute about your statement that Dart Group don't appear to be in immediate danger, and then follow the logical chain of events backwards that has lead to them being in the relatively strong position they're in.
Call me stupid, but it could be down to prudence and shrewdness. OK, that involves stepping on the toes of the staff in some cases, but maybe it's for the greater good (with a big emphasis on 'maybe' there).
Nobody's saying that the screw hasn't been turning harder on the staff, but could such cutbacks possibly be one of the reasons why Jet2 are doing OK right now? There are other areas where they've no doubt made savings and even gains (see yesterday's statement for evidence), but the staff cutbacks will have definitely been one of the factors that's helped them keep afloat.
To paraphrase Chris Hoye "the aggregation of marginal gains makes a winning team".
OK, it might not feel to the staff right now that they're winning, but they stand a better chance of being in a good position to profit in future from a business model that at present hurts a fair bit.
The real test of Jet2's honour will come in the future if/when good times return. If they don't reward the staff down the line for sticking with them through the tough times, then it truly is open season on their reputation.
Companies are notorious for being rather conservative with their interpretations of when the level that marks 'good times' is passed, especially when it comes to pay rises, bonuses and other incentives, but you could look to Jet2's own rhetoric (there's plenty of it - after all, they are one of the more gob****ey airlines out there) to see what they determine to be 'success', and then beat them with their own stick when the figures are back in that ballpark but the perks still aren't forthcoming.
I honestly don't believe that you just said that there's no threat at present to a company that operates only in air travel and logistics. They're 2 of the most narrow margin industries I can think of, and are far more susceptible than many other industries to fluctuation and whim. Just count the number of haulage companies and airlines that have gone balls up in the past year or so.
Now think for a minute about your statement that Dart Group don't appear to be in immediate danger, and then follow the logical chain of events backwards that has lead to them being in the relatively strong position they're in.
Call me stupid, but it could be down to prudence and shrewdness. OK, that involves stepping on the toes of the staff in some cases, but maybe it's for the greater good (with a big emphasis on 'maybe' there).
Nobody's saying that the screw hasn't been turning harder on the staff, but could such cutbacks possibly be one of the reasons why Jet2 are doing OK right now? There are other areas where they've no doubt made savings and even gains (see yesterday's statement for evidence), but the staff cutbacks will have definitely been one of the factors that's helped them keep afloat.
To paraphrase Chris Hoye "the aggregation of marginal gains makes a winning team".
OK, it might not feel to the staff right now that they're winning, but they stand a better chance of being in a good position to profit in future from a business model that at present hurts a fair bit.
The real test of Jet2's honour will come in the future if/when good times return. If they don't reward the staff down the line for sticking with them through the tough times, then it truly is open season on their reputation.
Companies are notorious for being rather conservative with their interpretations of when the level that marks 'good times' is passed, especially when it comes to pay rises, bonuses and other incentives, but you could look to Jet2's own rhetoric (there's plenty of it - after all, they are one of the more gob****ey airlines out there) to see what they determine to be 'success', and then beat them with their own stick when the figures are back in that ballpark but the perks still aren't forthcoming.
Join Date: Nov 2006
Location: West Yorkshire Zone
Posts: 976
Likes: 0
Received 0 Likes
on
0 Posts
So life is 'Not So Jolly' in Jet 2?
Also to add to what was said above, The 757's won't last forever?
But the management seem to think so?
Now that LS are taking them across the pond & to Egypt.
The management PM & whoever probably think they can never lose with their crew & staff, But if the current staff are so badly paid etc who is going to 'REPLACE' them if or when they may leave?
Nobody in their right mind is going to work for 200.00 pounds a week or whatever as cabin crew upto 13 hours a day etc.
I can see all these small problems with crew & aircraft serviceability (757's) backfiring on the management within the next year and turning into big problems?
Don't forget Jet 2 are nothing new, Nothing we haven't seen before and their fortunes may not last forever?
Once morale starts going downhill, Then de-motivation follows with low productivity.
It's seems the Jet 2 management/board are now also being revealed as probable *****houses??
Jet 2 may have the money, But let's be right it's not good when you have no crews who want to work for you?
No different from any other company.
Also to add to what was said above, The 757's won't last forever?
But the management seem to think so?
Now that LS are taking them across the pond & to Egypt.
The management PM & whoever probably think they can never lose with their crew & staff, But if the current staff are so badly paid etc who is going to 'REPLACE' them if or when they may leave?
Nobody in their right mind is going to work for 200.00 pounds a week or whatever as cabin crew upto 13 hours a day etc.
I can see all these small problems with crew & aircraft serviceability (757's) backfiring on the management within the next year and turning into big problems?
Don't forget Jet 2 are nothing new, Nothing we haven't seen before and their fortunes may not last forever?
Once morale starts going downhill, Then de-motivation follows with low productivity.
It's seems the Jet 2 management/board are now also being revealed as probable *****houses??
Jet 2 may have the money, But let's be right it's not good when you have no crews who want to work for you?
No different from any other company.
Join Date: Oct 2008
Location: NW
Posts: 187
Likes: 0
Received 0 Likes
on
0 Posts
Jet2 may have a little bit of profit but that is oon wiped out in this current climate if anything were to go wrong....
Ie....major tech problems.....unhappy crew walking out.....potential strike action at unfair treatment.....
I hope they are not too complacent because airlines like Jet2 come and go year in/year out.....
They aren't exactly something special are they...?
They do a lot of charter work for operators such as Thomas Cook.....a job that would be quickly returned in house if anything were to further wrong with the UK economy.....
Ie....major tech problems.....unhappy crew walking out.....potential strike action at unfair treatment.....
I hope they are not too complacent because airlines like Jet2 come and go year in/year out.....
They aren't exactly something special are they...?
They do a lot of charter work for operators such as Thomas Cook.....a job that would be quickly returned in house if anything were to further wrong with the UK economy.....
Join Date: Jun 2001
Location: England
Posts: 908
Likes: 0
Received 0 Likes
on
0 Posts
Jet2/Channel Express have been going for 31 years, to all those who see airlines like "this" go year in year out.
You make a profit or do well in the UK and all you get is knocked/your car scratched etc.
You make a profit or do well in the UK and all you get is knocked/your car scratched etc.
Join Date: Oct 2008
Location: NW
Posts: 187
Likes: 0
Received 0 Likes
on
0 Posts
Jet2 has not been operating as an airline for 30 years......2001 I believe was their start date.
Channel express however....i agree...many years of operation.
The difference between freight ops and pax ops is the fact that you now employ substantially more employees.....more crew and all the people to administer the role....
Substantially more people then become annoyed at being mis-treated....
Those people higher up they take more than they give.....they are the ones that come and go year in year out.......
Just a thought.....
Channel express however....i agree...many years of operation.
The difference between freight ops and pax ops is the fact that you now employ substantially more employees.....more crew and all the people to administer the role....
Substantially more people then become annoyed at being mis-treated....
Those people higher up they take more than they give.....they are the ones that come and go year in year out.......
Just a thought.....
well don't.....
Join Date: Sep 2001
Location: Home
Posts: 1,948
Likes: 0
Received 0 Likes
on
0 Posts
jet2impress
Its not so much the standard of service, more the general attitude of the Cabin Crew which I would describe as 'not very professional'.
Whilst I am perfectly willing to pm you with details of my experiences and observations with Jet2 to substantiate my feelings if you so wish, as they are my personal opinions I am a little reluctant to post what would be negative details on such an open forum for obvious reasons.
However, there is one point I would mention. Jet2 need to review their uniform replacement policy as a matter of urgency. The white blouses and shirts are now looking somewhat embarrassingly grey particularly when stood next to a new starter.
Whilst I am perfectly willing to pm you with details of my experiences and observations with Jet2 to substantiate my feelings if you so wish, as they are my personal opinions I am a little reluctant to post what would be negative details on such an open forum for obvious reasons.
However, there is one point I would mention. Jet2 need to review their uniform replacement policy as a matter of urgency. The white blouses and shirts are now looking somewhat embarrassingly grey particularly when stood next to a new starter.
Join Date: Oct 2008
Location: NW
Posts: 187
Likes: 0
Received 0 Likes
on
0 Posts
Are people not allowed to enjoy themselves at work any more....
I hate people who think thay are "regular" travellers and feel that cabin crew should be more "proffessional"
They are there to get you out in an emergency....anything else is a bonus....just lighten up and enjoy the trip
I hate people who think thay are "regular" travellers and feel that cabin crew should be more "proffessional"
They are there to get you out in an emergency....anything else is a bonus....just lighten up and enjoy the trip