Jet2 4
There was a jet2 737 in the Thomas cook hangar at Man on jacks and it didn't look like routine maintenance, it may well be a massive problem with the airframe or something, i think it was CELH.
I think those 73-300 are a bit long in the tooth now there's always one that is tech everyday.
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It doesn't look like routine maintenance and therefore it's a "problem with the airframe or something". Really though? 
To be fair, you need some evidence to back this up. Jet2 seems to have taken a battering in the last few weeks. Thomas Cook had a lot more tech delay last summer and didn't see anyone branding their aircrafts unsafe or criticising maintenance practises. I think people are being a bit unfair. I think they've been quite unlucky recently. But least they sort their tech delays, generally, a lot quicker than others.
To be fair, you need some evidence to back this up. Jet2 seems to have taken a battering in the last few weeks. Thomas Cook had a lot more tech delay last summer and didn't see anyone branding their aircrafts unsafe or criticising maintenance practises. I think people are being a bit unfair. I think they've been quite unlucky recently. But least they sort their tech delays, generally, a lot quicker than others.
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Recently flew down to Malaga and back on Jet2 from Leeds. Havent been with them for some time but very impressed. Out on G-CelJ of Blackpool fame and back on the 757 `AA`..Both felt very safe and comfortable.Will certainly be flying them again. Age doesn`t bother me its how they are maintained, something Jet2 do well..
My son is a ground engineer (Raf) and I take professional advice from him. Maybe some of the Jet2 knockers should do the same..
PS He flew many times in the Tristar and VC10 until they became extinct and always felt safe for the reason above....Good luck to Jet2 and all the people it gives jobs to
My son is a ground engineer (Raf) and I take professional advice from him. Maybe some of the Jet2 knockers should do the same..
PS He flew many times in the Tristar and VC10 until they became extinct and always felt safe for the reason above....Good luck to Jet2 and all the people it gives jobs to
I suspect the share price drop is more to do with the future rather than the past (generally the case). PM's last line in his statement about lower profits for this FY probably started the fall (in addition to uncertainty about oil prices, state of the economy in the North, uptake of hols during the world cup etc - as evidenced by the plethora of e mails advertising sales of seats I have received from the 3 main operators from LBA).
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I suspect the share price drop is more to do with the future rather than the past (generally the case). PM's last line in his statement about lower profits for this FY probably started the fall (in addition to uncertainty about oil prices, state of the economy in the North, uptake of hols during the world cup etc - as evidenced by the plethora of e mails advertising sales of seats I have received from the 3 main operators from LBA).
meant that operating profits reduced 23% to £3.6m (2013: £4.7m)
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Jet2
Quote:" ....meant that operating profits reduced 23% to £3.6m (2013: £4.7m)
Distribution is extremely competitive and the reduction in profits here will not have helped the share price. It will no doubt recover"
Touching faith in the ability of a very weak middle management!
Distribution is extremely competitive and the reduction in profits here will not have helped the share price. It will no doubt recover"
Touching faith in the ability of a very weak middle management!
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Flybar,
Surely the fact that they have a fleet made up of many gas guzzling older planes (733s and 757s) may take its toll now that oil prices are on the rise again and increased general maintenance ?
Even their 738s are pretty old.
Suppose depends on whether they hedged their fuel and if so what at.
Current Brent Crude has risen from below $100 a barrell few months back to $114 a barrell today, with a market forecast of possibly up to $121 by end of year.
Jet 2 remind me slightly of BMI Baby, whos fleet of older 733s and their inability of being able to buy new generation planes probably paid a big part in their demise.
Nigel
Surely the fact that they have a fleet made up of many gas guzzling older planes (733s and 757s) may take its toll now that oil prices are on the rise again and increased general maintenance ?
Even their 738s are pretty old.
Suppose depends on whether they hedged their fuel and if so what at.
Current Brent Crude has risen from below $100 a barrell few months back to $114 a barrell today, with a market forecast of possibly up to $121 by end of year.
Jet 2 remind me slightly of BMI Baby, whos fleet of older 733s and their inability of being able to buy new generation planes probably paid a big part in their demise.
Nigel
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Jet2 also looks for ways of expanding i.e. Jet2 Holidays, which I think is the 3rd largest tour operator in the UK now.
bmibaby had a management whose hands were tied by those higher up. The writing was on the wall when Lufthansa were forced to buy them by Bishop.
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Flying wild
I think you are more or less spot on with your comparison between Jet2 and bmibaby, however Jet2 face some challenges going forward that other airline who have invested in newer aircraft are less exposed to, the recent ruling against Jet2 over compensation for aircraft faults inevitably increases the cost risk for delays.
For much of the bread and butter work down to the mainland Costa's the 737-300 is still a very good work horse, but needs more and more TLC as time goes on and whilst Jet2 clearly pull all the stops out when something goes wrong more and more passengers are less tolerant of delays, they expect aircraft to preform like new cars where you seldom if ever look under the bonnet.
Fuel costs for older aircraft are a straight trade of against a much lower lease or ownership/purchase cost.
There is probably oversupply of seats in Jet2 home turf of Northern England and moves by Ryanair to become more customer and family friendly will overtime eat into Jet2 market and FR have cost base of less than half of that of Jet2.
On the plus side they now have a large loyal customer base in Leeds,Manchester and the Midlands, my only worry would be that number of mainly minor tech issues like loss of cabin pressure,RTO's, evacuations, diverts,increase and that one of them get badly handled by the crew, but a steady flow of newer aircraft overtime should address that
For much of the bread and butter work down to the mainland Costa's the 737-300 is still a very good work horse, but needs more and more TLC as time goes on and whilst Jet2 clearly pull all the stops out when something goes wrong more and more passengers are less tolerant of delays, they expect aircraft to preform like new cars where you seldom if ever look under the bonnet.
Fuel costs for older aircraft are a straight trade of against a much lower lease or ownership/purchase cost.
There is probably oversupply of seats in Jet2 home turf of Northern England and moves by Ryanair to become more customer and family friendly will overtime eat into Jet2 market and FR have cost base of less than half of that of Jet2.
On the plus side they now have a large loyal customer base in Leeds,Manchester and the Midlands, my only worry would be that number of mainly minor tech issues like loss of cabin pressure,RTO's, evacuations, diverts,increase and that one of them get badly handled by the crew, but a steady flow of newer aircraft overtime should address that
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Something to bare in mind is that this was before Jet2 started to have airport standby aircraft and crews at LBA, MAN and ALC. This was to mitigate against the 3hr EU261 time frame.
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One further problem the Dart group face which is nothing to do with the Jet 2 operation but will effect results is the Fowler Welsh logistics side of the business. The market is very competitive and in September the Drivers CPC becomes a requirement in Europe. Unfortunately this is likely to cause a HGV driver shortage as many older drivers retire early rather than take the cost and time of the training. Fowler tend to use mainly Eastern European drivers but even they are starting to dry up and as a result they may have to start paying more to recruit their drivers. I just hope this doesn't put more stress on the Jet 2 side of the operation. Perhaps it's time to sell and concentrate on aviation?
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Flying Wild,
Hmm hardly call their 737-800 fleet "new" they are between 13 and 17 yrs old
!!
However get the gist, next gen 737s so will be more fuel efficient that the 733s.
Nigel
Hmm hardly call their 737-800 fleet "new" they are between 13 and 17 yrs old
!!However get the gist, next gen 737s so will be more fuel efficient that the 733s.
Nigel
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With regard to the profit warning and statement about pax levels in summer 14.
Hopefully with GB now out of the World Cup they might experience the same surge in summer bookings as reported by Thomsons this week.
Hopefully with GB now out of the World Cup they might experience the same surge in summer bookings as reported by Thomsons this week.