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Old 4th Sep 2008, 23:24
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Quote:

I would say if the share price is up that much they are about to be taken over.

.......By who?
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Old 4th Sep 2008, 23:37
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Well there seems to be rumours on the GSM thread........................
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Old 5th Sep 2008, 03:29
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Airline shares rise on lower oil

Investors around the world snapped up airline shares yesterday as the plummeting price of oil helped them forget two high-profile bankruptcies in the last week, but analysts warn there's still plenty of turbulence expected in the ailing industry.

"Lower oil prices basically takes away the immediate threat of bankruptcy," said Ray Neidl, an airline analyst at Calyon Securities. "A lot of airlines have seen their shares overly hit, and lower oil takes away some of the risk."

WestJet Airlines Ltd. added 3.8 per cent to $15.50 a share, while Air Canada's B shares added 2.7 per cent to $4.89, while the widely traded A shares closed down 1 cent at $4.86. American Airlines parent AMR Corp. gained 11 per cent to $11.50 (U.S.), while European airlines also posted strong daily gains.

Airline profits have tumbled this year as airlines work to restructure in order to deal with record high oil prices. American carriers plan to cut capacity by 10 per cent by the end of the year, and airlines around the world have introduced fuel surcharges to deal with higher costs.

Ottawa-based Zoom Airlines went into creditor protection last week - leaving thousands of passengers stranded in North America and Britain - as the increase in the price of aircraft fuel added $50-million (Canadian) to its operating costs in the last year.

Italian state-owned carrier Alitalia sought bankruptcy protection on Friday, saying it was losing $3-million (U.S.) a day and had amassed $1.7-billion in debt as it struggled with high fuel prices and fierce competition from discount carriers. The airline is still flying, but officials said yesterday a restructuring plan must be implemented in the next two weeks before it runs out of operating cash.

For a recovery to take hold in the industry, Mr. Neidl said "oil needs to go down to $80 [U.S.] a barrel and ticket prices have to keep going up."

Oil settled around $110 a barrel yesterday, after trading as high as $147 in July. Already on the way down on fears of a global recession, prices fell quickly after reports indicated that hurricane Gustav missed oil and gas installations in the Gulf of Mexico over the weekend.

Research Capital analyst Jacques Kavafian said Air Canada saves $25-million every time a barrel of oil decreases by a dollar. WestJet, he said, saves $7-million.

"There is absolutely no downside for the airlines when oil goes lower," Mr. Kavafian said. "The airlines benefit immediately - the same day."

Air Canada said at the beginning of the summer that it hedged 49 per cent of its fuel requirements for the rest of the year between $94 and $101 a barrel. WestJet also hedges about 50 per cent of its fuel costs, with prices in the current third quarter set around $136 per barrel.

Meanwhile, lower oil costs haven't yet translated into lower surcharges.

A WestJet spokesman said yesterday that the company introduced its fuel surcharge as a temporary measure, and that it could revisit the policy if the price per barrel settled around $100. "When it was introduced it was with an eye on removing it, if we saw oil return to normal levels," said Richard Bartrem, director of brand and communications. "We're getting there, but we're not there yet."

Air France, one of the most recent airlines to add surcharges, indicated it would rescind the extra charge if oil stayed around $125 a barrel. Air Canada was not available for comment.

reportonbusiness.com: Airline shares rise on lower oil

---------------

So blaaaaaaah to your rumours.
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Old 5th Sep 2008, 10:28
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That's a far better explanation.

We can all feel comfortable again now anyway, as they're on the way back down again!!

Funny how we're doomed if they fall to much yet people think we're doomed if they go up to much!!
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Old 5th Sep 2008, 14:47
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Luvly Jubbly

Proably more likely GSM are considering making a bid to buy up whats left of ZOOM.

Though you never know they might be looking at Jet2.
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Old 5th Sep 2008, 14:57
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I would think that if GSM came anywhere near LS, they would mess up operations BIG style, judging on what they did last year.
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Old 5th Sep 2008, 18:28
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If the tanks of a 73-300 are too small to make Dalaman from NW UK, then I've managed to defy the laws of physics dozens of times and with a full service to boot.

Not really down to my efforts, more to do with whoever reckons it can't be done, knowing jack about what their talking about.
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Old 5th Sep 2008, 18:41
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Hey Ray, i bet the pax were really happy with the service. All 15 of them!
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Old 5th Sep 2008, 18:47
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Back then it was Astraeus and we were always full, 148 pax.


BTW you have me at a disadvantage, Sir.
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Old 5th Sep 2008, 19:48
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I was going to say cos being towed up out of Blackpool airstrip doesn't really count Silverhawk

737 classics were the mainstay of charter operators in the 1980s and 1990s so I must add that suggestions the 733 can't make DLM are at best a very uneducated guess. No further than TFS and Jet2 have used the 733's on them many times.
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Old 5th Sep 2008, 20:06
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Meanwhile, lower oil costs haven't yet translated into lower surcharges.
They might not either; weakening pound and fuel bought in dollars negates falling oil price.
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Old 6th Sep 2008, 08:11
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"At least they are off the floor, but still a long way back to the halcyon days (means peace and happines Robo)"

Oh and there's me just thinking that Court Line plucked the names for their 1-11s from thin air
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Old 6th Sep 2008, 08:17
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"737 classics were the mainstay of charter operators in the 1980s and 1990s so I must add that suggestions the 733 can't make DLM are at best a very uneducated guess. No further than TFS and Jet2 have used the 733's on them many times."

Indeed they were. At Orion we used to operate 733s from LGW to TLV and BJL. I think the BJL required a tech stop southbound but could sometimes operate direct northbound but that was probably with SOU as a diversion
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Old 6th Sep 2008, 11:37
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I suppose the mark of engine is going to affect the range capability of the aircraft. Some 737-300s, although none of the Jet2 fleet, have the C1 version of the CFM56 which would give the aircraft longer legs, so to speak. I believe this engine was standard on the -400.
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Old 8th Sep 2008, 11:14
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I find that very hard to believe??

He would have to sell them at a cheaper price to get someone to agree to that, as it would severely limit the purchacor's future options.

Having said that, we are talking about one of the most vile human specimens to ever walk this earth!!
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Old 8th Sep 2008, 13:02
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757 i'll drink to that
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Old 8th Sep 2008, 16:05
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Doubt it! Though you never know.

Theres rumors all over the place anyway GSM supposidly been said to be considering buying up an airline such as Jet2, Bmi Baby, whats left of zoom or ordering new 737NG'S. etc
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Old 8th Sep 2008, 17:25
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GSM seem to be playing the Ip Dip Do game at the minute. Pros and Cons of waiting nearly 5 years for a New Set of Aircraft, or how about taking over an airline. erm hard choice.
Anyway, i would like to ask what is going on with LS summer schedule LBA network next year. Look for FAO flights next year for 8 people (adults as a 12 year old is classed as an adult). Anyway there FAO schedule from LBA is crap. 1500 take off, what is the Aircraft doing in the morning going to Malaga or somewhere as it is a 757 after all. There MAN flights to FAO seem to be cheaper and friendlier with a 0800 takeoff although i think it is a 733 not sure or that one.
Just want to know why FAO is receiving such a crap schedule next summer season please?
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Old 8th Sep 2008, 18:13
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Jet22 I wouldn’t complain too much about Jet2's LBA-Faro service for next summer. At least it’s still a daily service. Before jet2 arrived, LBA only had 2 or 3 weekly charter flights to Faro

By the way whats wrong with a 15:00 departure? At least it's still a daytime flight outbound.
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Old 8th Sep 2008, 18:21
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The inbounds fine like, can cope with an extra day, it is just that i know that everyone (DAD) will want to arrive at around Miday-ish and not half seven at night.

It is soo hard to fit everybody’s needs and i respect that from a companys point of view, but as a consumer and customer it is hard to find a reasonable priced airline close to Leeds/Bradford and at reasonable times.
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