Southend-2
Join Date: Jun 2011
Location: Essex
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SEN lost BA Cityflyer to STN, not BA. I'm just joining two potential dots. I don't see why Stobart would invest heavily in a luggage system that wasn't going to be used by an affiliated airline at SEN. BA are the only airline at present using AirPortr, with another airline to use the system from next month.
Join Date: Jul 2005
Location: UK
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The BA (branded) operations at STN are of so little significance (remind me; was it 4 flights a week in the summer?) that they can't be compared to a decision regarding basing aircraft. I'll still have to eat my hat if it's them though; just seems like not their kind of airport!
Join Date: Aug 2008
Location: bishops stortford herts
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For the record & just saying....The w/end Embraer operation @ STN along with some other airports IS British Airways/BAW & the services (of which there were/are 9 destinations this year @ STN for a total of 15 departures per w/end) are operated by BACF who obviously have spare capacity available during LCY`s w/end curfew & also exploiting perceived potential/gaps.
So effectively a win win for both units..Whether it is a permanent model I think no one has ever concluded in the forums..The only permanence & influence I guess being LCY`s obligatory curfew.
So effectively a win win for both units..Whether it is a permanent model I think no one has ever concluded in the forums..The only permanence & influence I guess being LCY`s obligatory curfew.
Join Date: Apr 2016
Location: Essex
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I see this morning's flight to Groningen was cancelled, as was the morning flight to Rennes earlier in the week. And it happened last week as well. Always when there's a later flight. Perhaps there's a good explanation.
Oh! It looks as the divert season has officially started.
Oh! It looks as the divert season has officially started.
Last edited by DC3 Dave; 19th Oct 2017 at 09:28.
Join Date: Jan 2008
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I see this morning's flight to Groningen was cancelled, as was the morning flight to Rennes earlier in the week. And it happened last week as well. Always when there's a later flight. Perhaps there's a good explanation.
Oh! It looks as the divert season has officially started.
Oh! It looks as the divert season has officially started.
SEN received 4 LCY diversions this morning, KLM, 2x Luxair and one FlyBe.
Stobart Results
Last edited by Tagron; 19th Oct 2017 at 13:21. Reason: Title
Join Date: Jun 2009
Location: UK
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Stobart results
Financials to one side, the total passenger numbers look promising at 610K for the 6 months although this hint of an upturn is dampened when you realise that revenue per passenger is down as are passenger loads on the Stobart Air aircraft.
I still question the wisdom of Stobart trying to grow their airport with flights operated by their own airline - it makes little financial sense but I'm guessing they are trying to show other airlines that Southend can generate traffic. Only time will tell but 2.5m pax by 2018 is not an achievable target anymore.
Join Date: Apr 2016
Location: Essex
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Now I know I've said before I'm a premium bond man, but should I be tempted by this statement from Stobart's report?
"The Group has the financial resources in place to support the dividend to 2022 at which point the dividend will be supported through operating income".
Can't lose..... can I?
"The Group has the financial resources in place to support the dividend to 2022 at which point the dividend will be supported through operating income".
Can't lose..... can I?
Join Date: Apr 2012
Location: ESSEX
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4.5 p a quarter.
Over 6 per cent yield
There is nothing wrong with selling assets for a profit and returning money to the shareholders via a dividend.
If they sold the airport tomorrow for a billion and returned 3 quid to the share holders and the share price went to 52p. The shareholders would still be happy
Over 6 per cent yield
There is nothing wrong with selling assets for a profit and returning money to the shareholders via a dividend.
If they sold the airport tomorrow for a billion and returned 3 quid to the share holders and the share price went to 52p. The shareholders would still be happy
It's not sustainable.
When this happens, it's generally in the form of a one off "special dividend". That's not what Stobart are doing. They've sold off assets to prop up a dividend which is not covered by earnings. The honest thing to have done would be to keep the money in the business and make clear it's there to support development of their aviation business.
A billion! Dream on...... You are aware that Stobart don't actually own the leasehold to SEN, aren't you?
A billion! Dream on...... You are aware that Stobart don't actually own the leasehold to SEN, aren't you?