SOUTHEND 5
Join Date: Mar 2012
Location: Cheshire
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The build it and they will come plan does not seem to have worked and where are the 1m+ pax coming from by 2018 in order to hit this 2.5m pax target they are so confident of hitting?
Some may say that people are putting a downer on SEN but the truth is from the outside it seems a bit odd that the largest division in the group is the lowest performing division when it comes to contributing to profit. I have a vested interest in SEN doing well but there is nothing wrong with being realistic.
Some may say that people are putting a downer on SEN but the truth is from the outside it seems a bit odd that the largest division in the group is the lowest performing division when it comes to contributing to profit. I have a vested interest in SEN doing well but there is nothing wrong with being realistic.
Join Date: Apr 2012
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Stobart shares are up nearly 100 per cent in the last year. If your worried about your investment sell the poxy things. They yield over 5 per cent. If you don't fancy the gearing. Er. Sell them ..
Join Date: Jan 2005
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Oh the power of Pprune - a few adverse comments and Jersey completely alters it's topography. We can even move mountains!!!!!
Regarding Stobarts rolling up the runway and taking it away, this is exactly what they have done with the old North and South aprons and taxiways. I stopped in the airport a few days ago and it looked like a huge construction site, great piles of rubble (Jersey's mountains perhaps), giant earthmovers, JCB's and tipper trucks all over the place and no end of workers beavering away. It looks as if a serious amount of cash has been thrown at the upgrading of the aprons and taxiways.
Let's hope it does lead to an increase in activity, or if not we can certainly handle a few more LCY diversions with the extra stands available.
Cheers
Regarding Stobarts rolling up the runway and taking it away, this is exactly what they have done with the old North and South aprons and taxiways. I stopped in the airport a few days ago and it looked like a huge construction site, great piles of rubble (Jersey's mountains perhaps), giant earthmovers, JCB's and tipper trucks all over the place and no end of workers beavering away. It looks as if a serious amount of cash has been thrown at the upgrading of the aprons and taxiways.
Let's hope it does lead to an increase in activity, or if not we can certainly handle a few more LCY diversions with the extra stands available.
Cheers
Join Date: Jun 2013
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I'm very happy about their performance. Over the moon in fact, but none of this profit was generated by the aviation division which accounts for 1/3 of the groups total value.
I have little interest in assessing the past performance of a stock I own. Far more important is a assessment of the future. They built it and they didn't come so now they've got an airline and they'd better come this time otherwise there could be tears.
I have little interest in assessing the past performance of a stock I own. Far more important is a assessment of the future. They built it and they didn't come so now they've got an airline and they'd better come this time otherwise there could be tears.
Stobart's optimism is based on the shortage of runway capacity in the south east over the next decade or so, maybe longer.
They have made the capital investment, so now they must hope for increasing usage of their asset to cover the interest.
I suspect their greatest fear is a recession. Although that doesn't look likely at present, the greatest danger is a collapse of the Eurozone.
They have made the capital investment, so now they must hope for increasing usage of their asset to cover the interest.
I suspect their greatest fear is a recession. Although that doesn't look likely at present, the greatest danger is a collapse of the Eurozone.
Join Date: Jul 2002
Location: In the sticks
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I still maintain that Stobart will not be running the airport in 5 years time. If it is not successful they will sell their stake at a profit to a business or venture capitalists who think they can turn it around and if it is successful they will sell their stake at a greater profit to a company that wants to run a London airport.
I think it is a win win situation for Southend as Stobart has built the building blocks even though some will argue that they are not the best at running an airport.
I think it is a win win situation for Southend as Stobart has built the building blocks even though some will argue that they are not the best at running an airport.
davidjohnson6
You asked for information regarding the relationship between the airport owner and its operator.
Southend Borough Council are the freehold owners of SEN and Stobart has a long lease of the property of around 150 years I believe. So the situation is similar to LTN apart from the much greater length of tenure at SEN and a much smaller (although I don't know the amount) annual payment to the freeholder.
You asked for information regarding the relationship between the airport owner and its operator.
Southend Borough Council are the freehold owners of SEN and Stobart has a long lease of the property of around 150 years I believe. So the situation is similar to LTN apart from the much greater length of tenure at SEN and a much smaller (although I don't know the amount) annual payment to the freeholder.
Express - many thanks for the info. I imagine that in 150 years time, transport technology will have changed radically and airport may not necessarily be as useful in its current form as it is now. It sounds as if (in practical terms) that Stobart effectively own the airport.
Join Date: Jun 2001
Location: Hither and Thither
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Article in the local paper, Five jet-set years at our airport: Easyjet marks anniversary of first flight from Southend (From Echo)
One assumes, though, that the council were able to pass on all the costs for upkeep of the airport to Stobart. Probably not such a bad deal for the local ratepayer.
Extension
Article in the local paper, Five jet-set years at our airport: Easyjet marks anniversary of first flight from Southend (From Echo)
Join Date: Sep 2016
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SOUTHEND Airport is now at the same capacity as Luton as it celebrates five years as an easyJet base...with ambitious plans to become bigger and better.
More than four million passengers have flown out of the airport, run by Stobart Aviation, on over 32,000 easyJet flights since April 2012.
More than four million passengers have flown out of the airport, run by Stobart Aviation, on over 32,000 easyJet flights since April 2012.
And, did I miss something? ... Besides the headline I didn't read anything about Easyjet marking the anniversary, only Southend Airport making a big song and dance about it!
Join Date: May 2014
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Harry Wayfarers
Then perhaps you should try reading the article again. The comparison with LTN is clearly set out and Easy does compliment the airport. It strikes me that you're just looking to criticise at every available opportunity even if it is completely unjustified.
The Echo's opening line that "Southend Airport is now at the same capacity as Luton..." was yet another example of their appalling editorial inaccuracy. What Glyn Jones actually said further down was "The work we are doing at the airport gives us enough capacity for 36 aircraft movements per hour. This is the same capacity as Luton".
As for the suggestion that easyJet did not mark the anniversary I think their commercial manager Neil Slaven's remarks refute that statement:
" ... the airline is pleased with how well Southend Airport is performing."
"Southend has become a really well established airport in the region."
"We are working with the airport to make it a success and are fully committed to achieving this."
"A lot of people said it wouldn't work, but we have proven them wrong."
Maybe the £3 million that Stobart are currently spending on rebuilding the aprons, stands and taxiways might be the stimulus that sees EZY increase its presence at SEN next year.
As for the suggestion that easyJet did not mark the anniversary I think their commercial manager Neil Slaven's remarks refute that statement:
" ... the airline is pleased with how well Southend Airport is performing."
"Southend has become a really well established airport in the region."
"We are working with the airport to make it a success and are fully committed to achieving this."
"A lot of people said it wouldn't work, but we have proven them wrong."
Maybe the £3 million that Stobart are currently spending on rebuilding the aprons, stands and taxiways might be the stimulus that sees EZY increase its presence at SEN next year.
Join Date: Sep 2009
Location: Southend-on-Sea
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Harry, why so angry when it comes to SEN? You need to get some rosier tinted Ray Ban's.
from where I am seated SEN is so much better for everyone since the good old bad old days! Stobart seem to take their time getting around to things, but they certainly get there in the end. 
£160 million invested is commitment in my book. They have put their money where their mouth is!
from where I am seated SEN is so much better for everyone since the good old bad old days! Stobart seem to take their time getting around to things, but they certainly get there in the end. £160 million invested is commitment in my book. They have put their money where their mouth is!
Investing is all very well, but when it’s with shareholders funds the shareholders will expect to see some return on that investment.
It’s by no means certain that will happen.
Join Date: Jul 2002
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As I keep saying to the Luton folk capacity is set by the weakest link in the chain, whether that be the runway capacity, taxiway capacity, the apron space or the various parts of the terminal like the number of check-in desks and baggage belts.
There seems to be quite a lot of spin in the article. Comparing Southend to Luton is like comparing Luton to Gatwick.
I doubt very much that the capacity of Southend's runway will be anything like 36 movements per hour due to backtracking. Luton is only achieving that sort of figure as most aircraft no longer backtrack but I stand corrected if the opinion here is that 36 movements per hour can be achieved when either runway end is in use.
Also the passenger experience will be somewhat diminished if Southend was handling 5 million passengers rather than around a million passengers it handles now.
There seems to be quite a lot of spin in the article. Comparing Southend to Luton is like comparing Luton to Gatwick.
I doubt very much that the capacity of Southend's runway will be anything like 36 movements per hour due to backtracking. Luton is only achieving that sort of figure as most aircraft no longer backtrack but I stand corrected if the opinion here is that 36 movements per hour can be achieved when either runway end is in use.
Also the passenger experience will be somewhat diminished if Southend was handling 5 million passengers rather than around a million passengers it handles now.
Join Date: Nov 2006
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Will someone run that one past me again ... Squeezy have been operating out of LTN for some 20 years, out of SEN for just 5 years, some 800,000 punters per year out of SEN, god knows how many per year out of LTN ... So how does that put SEN on the same capacity as LTN?
And, did I miss something? ... Besides the headline I didn't read anything about Easyjet marking the anniversary, only Southend Airport making a big song and dance about it!
And, did I miss something? ... Besides the headline I didn't read anything about Easyjet marking the anniversary, only Southend Airport making a big song and dance about it!
Why do you always refer to EASYJET as SQUEESY, it's so annoying.
Why do you always berate an article after not reading it fully, it's so annoying.
Why do you always slag of Southend Airport, it's so annoying.
Why do you always have to reply in an arrogant fashion to those who criticise your posts, it's so annoying.
I am sure others will agree!
Join Date: Sep 2016
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The Echo's opening line that "Southend Airport is now at the same capacity as Luton..." was yet another example of their appalling editorial inaccuracy.
It strikes me that you're just looking to criticise at every available opportunity even if it is completely unjustified.
Why do you always use the term PUNTERS instead of the correct term of PASSENGERS, it's so annoying.
After some 35 years in aviation one tends to use trade, rather than public, expressions, live with it!
Why do you always refer to EASYJET as SQUEESY, it's so annoying.
Why do you always berate an article after not reading it fully, it's so annoying.
Why do you always slag of Southend Airport, it's so annoying.
Why do you always have to reply in an arrogant fashion to those who criticize your posts, it's so annoying.
I believed this to be a forum, indeed thread, for mature adults to exchange opinions, indeed knowledge, in open debate and without reducing themselves to, Saturday night bar behaviour, criticizing other(s) personally and/or name calling and/or to make specific posts merely to attack another forum member.
I am sure others will agree!