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Jet2 4

Old 19th Jul 2015, 22:04
  #2861 (permalink)  
 
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Location: Midlands, UK
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Thumbs down

The turnover for this group is over £1bn! A falling profit on last year of just £40m is far from impressive! In fact, quite worrying!
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Old 19th Jul 2015, 22:52
  #2862 (permalink)  
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It was actually an increase on last year minus a one off £17M reduction for the EU261 thing. Close to 6%, which is similar to BA in 2013/14.

But then you knew that.
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Old 19th Jul 2015, 22:58
  #2863 (permalink)  
pug
 
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But the heads at the top know that.. Anyone that was in the Directors presentation would know that too.. Emphasis on 'most busuness owners wouldn't get out of bed for an £X profit margin'..
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Old 20th Jul 2015, 15:57
  #2864 (permalink)  
 
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Those clueless investors obviously haven't a clue either, Honiley. The shares in Dart Group have jumped 7% in the last few days since the financial results were announced - Dart's shareholders are clearly very worried!
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Old 20th Jul 2015, 20:26
  #2865 (permalink)  
 
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Honiley you are such an expert: as you mentioned on 16th Jan 2008, 16:03
I would put Jet2 fairly high on the list of potential casualties for 2008!
What is your problem?
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Old 22nd Jul 2015, 07:32
  #2866 (permalink)  
 
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Financially Dart are one of the strongest companies by some margin.
They own over 85% of their fleet.
They have no debt.
They have a net cash position ( even allowing for all the restricted cash).
They have invested heavily over the last few years.
They are UK based including the call centre.
They have built a holiday business taking over 1 million customers in under 5 years.


As shareholders the price has doubled in the last two years and gone up 25 times from a low point of 16p.


Running any business you will get those "knockers" . It gets a little tiresome on here listening to those ex employees moan.
I for one think they do a great job and have offered those of us in the north a great choice of destinations.
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Old 22nd Jul 2015, 11:20
  #2867 (permalink)  
 
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G-CELA "C" check, this old girl is almost 29 years old. Does she have low hours for her age? I see that a younger LC was scrapped recently at Kemble.
Is she more valuable to the Jet2 fleet as she is a QC variant?
Mr A Tis is offline  
Old 22nd Jul 2015, 11:41
  #2868 (permalink)  
 
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What is your problem?
Think he/she needs a little more time
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Old 22nd Jul 2015, 12:44
  #2869 (permalink)  
 
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castleford tiger:

Financially Dart are one of the strongest companies by some margin.
They own over 85% of their fleet.
They have no debt.
They have a net cash position ( even allowing for all the restricted cash).
They have invested heavily over the last few years.
They are UK based including the call centre.
They have built a holiday business taking over 1 million customers in under 5 years.
As shareholders the price has doubled in the last two years and gone up 25 times from a low point of 16p.
Couldn’t fault you on the above but since the shares have doubled in tha last two years and the company couldn’t be in a better financial position, can you confirm that the staff salaries and benefits have seen the same percentage increases?
Yes, you have mentioned all the Dart group’s achievements but you have forgotten the people that have worked hard to get the Group where it is today. No CEO nor any Director/manager etc., is of any use if they don’t have staff to diligently carry out their instructions.
Pilots for example have no salary increments, so once employed they have no other reason to stay other than for their own convenience. There are no travel concessions, no salary increments, no share or profit bonuses. Even Michael O’Leary has recently discovered that he needs to be nicer to staff if he wants to keep them and that has even turned the heads of JET2 pilots to look and even go to Ryanair for a better deal. Obviously staffing costs have to be kept down but if it causes more expenses elsewhere due to extra recruitment costs and training costs, then the shareholders aren’t getting a good deal.

The JET2 Holidays Tour Operating is a fairly new venture and has grown beyond anyone’s imagination, a superb achievement. Rumours would indicate, however, that the quick growth has brought with it many more chiefs than necessary and too few coal face workers. In the past this imbalance and/or empire building has brought down many UK tour operators.

Just a little constructive critisism for you to consider but with no intention to detract from the Dart Group’s excellent trading position.
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Old 22nd Jul 2015, 14:46
  #2870 (permalink)  
 
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That is not constructive criticism, more of a whinge
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Old 22nd Jul 2015, 17:19
  #2871 (permalink)  
 
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It may be a whinge, but it also happens to be 100% spot on, and accurately reflects the feelings of the staff
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Old 22nd Jul 2015, 19:31
  #2872 (permalink)  
 
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supermarine

That is not constructive criticism, more of a whinge
A fair comment if it comes from a blinkered employer that considers his employees as no better than his expendable razors. The staffing policy of saying “if you don’t like it PFO!” eventually comes back on one and bites. Today, as ‘castleford tiger’ described, the Dart Group is in possession of many assets and owned aircraft plus no debts and cash in the bank, added to which a massive turnover of 1.5 billion pounds.....but what about their most important asset, their staff? Not worth mentioning it seems and that from a self confessed important shareholder in the Dart Group.

An airline and tour operator are heavily dependant on their staff for each and every action. It is the efficiency and diligence of the staff that make the difference between making a profit or a thumping great big loss. It would appear to be reasonable therefore for senior management to spare no effort to develope loyalty and diligence from their staff. And one way to achieve this is to reward staff for their efficiency and productivity and particulary for their years of loyal service.

Here’s a video showing some considerable enthusiasm from JET2 staff and long may it last........

https://www.youtube.com/watch?v=VnLS...youtu.be&t=49s
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Old 22nd Jul 2015, 19:52
  #2873 (permalink)  
 
Join Date: Aug 2011
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Originally Posted by castleford tiger View Post
Running any business you will get those "knockers" . It gets a little tiresome on here listening to those ex employees moan.
Castleford. Did you ever ask any of the directors (like you said you would) why so many employees left jet2 the first second they could. 15% of the pilots (give or take a couple), God knows how many cabin crew and other staff.
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Old 23rd Jul 2015, 07:29
  #2874 (permalink)  
 
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I really have to congratulate Jet2 for taking the initiative in banning this scum from ever flying again. It's great that a carrier comes up with a register to prevent people from flying. Let's hope all carriers contribute.

Drunken yob strips, spits and abuses airline staff on holiday flight (From Evening Times)

This has got to be one of the worst examples I've seen.
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Old 23rd Jul 2015, 07:36
  #2875 (permalink)  
 
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It's great that a carrier comes up with a register to prevent people from flying. Let's hope all carriers contribute.
No-flight registers are quite common in the USA, usually with an interesting mix of 'inhabitants'; the vulgar end of the spectrum and also the respectable business-class traveller caught-out using hidden-cities once too often.

However sharing them across companies is not practised due to problems of discrimination and collusion.
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Old 23rd Jul 2015, 11:07
  #2876 (permalink)  
 
Join Date: Apr 2015
Location: UK
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Scratchingthesky your previous post is a very accurate observation of the current status of the company.
The situation you describe above is made even worse by new recruits not being able to fly both the NG and the Classic until they have done at least 6 months of service and done a conversion course which is another burden on the training system.
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Old 23rd Jul 2015, 16:49
  #2877 (permalink)  
 
Join Date: Jun 2001
Location: England
Posts: 884
Scratchingthesky: you nailed it.

I hope something's sorted out soon, and it isn't a token half measure.

Last edited by tonker; 23rd Jul 2015 at 18:57.
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Old 23rd Jul 2015, 17:18
  #2878 (permalink)  
 
Join Date: Jan 2012
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Initial telephone interview is still all about "would you be willing to accept a 70% contract?" or "are you aware that you will be paid 50% salary during training until line check?"

No thanks.
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Old 23rd Jul 2015, 19:08
  #2879 (permalink)  
 
Join Date: Apr 2015
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Cuillin Hills thats 90% of the problem; HR and 737 fleet management have no appreciation for the problems they got themselves into with regards to crewing levels and staff moral. Neither do they have any idea how many resignations are still about to head their way.
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Old 23rd Jul 2015, 23:48
  #2880 (permalink)  
 
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Jet2_320 I believe you have summed up the problem, the 2 fleets are like 2 separate airlines.
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