SOUTHEND 5
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The prospect of further routes from SEN could just be a chimera then......
.......... or this could be preparing the way for a major new hub.
We'll just have to wait and see.
.......... or this could be preparing the way for a major new hub.
We'll just have to wait and see.
Last edited by Barling Magna; 20th Oct 2016 at 13:29.
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Very interesting article by Bloomberg. Would-Be London Hub on North Sea Steps Up Push to Lure Carriers - Bloomberg
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Very interesting article by Bloomberg. Would-Be London Hub on North Sea Steps Up Push to Lure Carriers - Bloomberg
The interesting thing about that PR announcement is whether the intention is to operate these new routes as a stand-alone Stobart Air (now that Stobart Group will have a controlling interest in the airline) or as part of the 'new' Stobart Air/Cityjet operation. The latter was expected to be announced as going ahead this week and would offer a better mixed aircraft fleet for such a venture than would Stobart Air on its own. Hopefully all will become clear soon.
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My unsubstantiated guess is that the original model of linking under or unserved destinations with London will be revived using the Sukhoi jets to destinations too far for the ATR, mixed in with a couple of reliable holiday favourites.
Turin is one such example that used to have frequent morning and evening flights but now seems to be down to Ryanair and Blue Air at random times. If they overnighted the aircraft there I'm sure it could do pretty well. Leipzig has only a Ryanair flight. Dresden has nothing. Maribor proved to do just fine, the sort of numbers and fares Adria were getting could be attractive. Kristiansand has got the sort of numbers you would need for a Sukhoi the past, Norwegian tried it for a bit but couldn't fill a 737 and Flynonstop went bankrupt. And then are places like Malta, Dubrovnik and Corfu that EZY don't fly to from SEN.
Turin is one such example that used to have frequent morning and evening flights but now seems to be down to Ryanair and Blue Air at random times. If they overnighted the aircraft there I'm sure it could do pretty well. Leipzig has only a Ryanair flight. Dresden has nothing. Maribor proved to do just fine, the sort of numbers and fares Adria were getting could be attractive. Kristiansand has got the sort of numbers you would need for a Sukhoi the past, Norwegian tried it for a bit but couldn't fill a 737 and Flynonstop went bankrupt. And then are places like Malta, Dubrovnik and Corfu that EZY don't fly to from SEN.
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My initial reaction to this article was that this would be related to the CityJet merge and not just Stobart using their ATRs again. There's a lot of potential destinations those SuerJets could serve, some already mentioned. Let's hope for some positive news this week. Still waiting on that new EZY route to replace Venice too.
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When the tie up between stobart and cityjet goes ahead there will be plenty of new routes open up in the near future.
Last edited by rowly6339; 27th Oct 2016 at 04:12.
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If it is 18 routes then that is incredible. Another source said just 4 routes delivering 600,000 additional pax! On the basis that Tinkler said 18 I'll go with his figure. Perhaps the 4 refers to the number of aircraft based?
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results and losses
The interim results make for interesting reading. The 12 month loss before tax for the Aviation division is £3.2m and the revenue per passenger is stated as £22.67 with a 12 month throughput of 991,000 pax.
If the new deal with CityJet achieves it's full potential of 600,000 pax the resulting PROFIT from those operations will need to be near to £18 per pax to see a breakeven position for the Aviation division.
That means that whilst currently every pax delivers a £3.21 loss, the new CityJet paxs (all 600,000 of them) will have to deliver £18 per head profit.
I can't see that happening so for the foreseeable the airport continues to operate at a loss.
If the new deal with CityJet achieves it's full potential of 600,000 pax the resulting PROFIT from those operations will need to be near to £18 per pax to see a breakeven position for the Aviation division.
That means that whilst currently every pax delivers a £3.21 loss, the new CityJet paxs (all 600,000 of them) will have to deliver £18 per head profit.
I can't see that happening so for the foreseeable the airport continues to operate at a loss.
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The interim results make for interesting reading. The 12 month loss before tax for the Aviation division is £3.2m and the revenue per passenger is stated as £22.67 with a 12 month throughput of 991,000 pax.
If the new deal with CityJet achieves it's full potential of 600,000 pax the resulting PROFIT from those operations will need to be near to £18 per pax to see a breakeven position for the Aviation division.
That means that whilst currently every pax delivers a £3.21 loss, the new CityJet paxs (all 600,000 of them) will have to deliver £18 per head profit.
I can't see that happening so for the foreseeable the airport continues to operate at a loss.
If the new deal with CityJet achieves it's full potential of 600,000 pax the resulting PROFIT from those operations will need to be near to £18 per pax to see a breakeven position for the Aviation division.
That means that whilst currently every pax delivers a £3.21 loss, the new CityJet paxs (all 600,000 of them) will have to deliver £18 per head profit.
I can't see that happening so for the foreseeable the airport continues to operate at a loss.
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I haven't had time to read the report in detail yet, however from your quote I would presume the 'aviation division' encompasses Carlisle which could account for that loss figure. As I understood it Southend, on day to day operations at least (I'm not sure where servicing the debt is factored in) will turn a small profit at the end of the financial year.
I can't see that Carlisle impacts upon the figures in any way as the costs for the skeleton staff there are far outweighed by the headcount at Southend.
The revenue per pax seems pretty good but profit per pax is sadly missing. A split between fixed and variable costs will show the breakeven point in pax numbers but from all the talk of a target 2.5m pax by 2018, I am confident that the target is the breakeven.
Only time will tell but every time the figures are published it seems to be another disappointing story.