Southend-2
I flew into CHR in an Aztec around 1985 and it was very quiet. My wife and I spent 4 days there and returned to the airport to await the arrival of our aircraft from SEN. Unfortunately our Ops had forgotten to get PPR so when the aircraft landed we were promptly arrested! Luckily the inbound charter pax (French) were able to smooth things over. You could say that I was slightly annoyed when I got back to the office at SEN.
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Needs to negotiate better in future. But tot up the income, is it worth getting upset about? I know every little counts and we try to beat the bigger airports, but its not the end of the world.
Having run an executive handling operation at SEN in the 1980s I know how demanding some clients can be. I'm not saying this is the case here but sometimes 'demanding' becomes more than that and it's best to mutually agree that you're just not meeting their needs. For example if you don't jump immediately a client says so (something he expects is his due and he may well be right) due to having insufficient staff on hand and he gets upset, do you decide to provide more staff or let him go? Much easier to do the former once the facility is established and you can better predict demand than while you're trying to build up the business.
Last edited by Expressflight; 5th Feb 2018 at 15:13. Reason: tidier sentence
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Fuel problems?
I've had problems getting the fuel truck out to client's aircraft in the past as Stobarts seem to prioritise EasyJet and Flybe. With just 2 bowsers it may be that King Power got fed up with being at the bottom of the fuel pecking order?
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Share price
PS: Share price has nose-dived since Christmas with the company buying-back Invesco held shares last Friday in an attempt to stop the fall. No discernible reason why however.
Yes that would tend to annoy the customer and maybe there's a mindset there needs changing, if it still exists. In the 'old days' fueling could be a problem because the airport authority operated the bowsers but with Stobart controlling all groundside ops it should be easier. It comes back to the same old thing though if you don't have equipment and staffing levels readily available to meet those peaks in demand you'll have a problem sometimes. Hopefully they've now identified and eliminated most of those problems.
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December passengers
Vienna 1143
Lyon 1524
Paris-CDG 4338
Rennes 3521
Cologne 2465
Dublin 8711
Malta 2404
Amsterdam 15480
Groningen 2285
Faro 3131
Alicante 7013
Barcelona 2138
Malaga 4664
Arrecife 2443
Teneriffe 2894
Geneva 5777
Prague 4172
Budapest 1748
Glasgow 2922
Manchester 3722
Total 82495 (+30.57% on Dec 2016)
Vienna 1143
Lyon 1524
Paris-CDG 4338
Rennes 3521
Cologne 2465
Dublin 8711
Malta 2404
Amsterdam 15480
Groningen 2285
Faro 3131
Alicante 7013
Barcelona 2138
Malaga 4664
Arrecife 2443
Teneriffe 2894
Geneva 5777
Prague 4172
Budapest 1748
Glasgow 2922
Manchester 3722
Total 82495 (+30.57% on Dec 2016)
Join Date: Jul 2002
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That’s the issue with one size fits all with Stobart providing and sharing their services. FBO’s will very often use their own fuel trucks, de-ices etc rather than sit at the end of the queue.
Actually the CAA stats give a monthly total of 83,558 pax (1,063 are unattributed to a destination so may be diversions) and importantly the CAA quoted growth year on year is 48%.
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In the past 4 days they have spent £2.5m in hard cash buying up shares from their institutional investors. And Mr. Tinkler himself has put his own cash in to the tune of £620k to add to the share buy-back. Let's hope there is a canny plan afoot!
STOB share price has dropped about 16% since the beginning of January while the FTSE 250 has dropped 8%.
Looking at a longer time frame, STOB have dropped about 22% from their high in the first week of September 2017 while the FTSE 250 has fallen by 2% in the same period.
Of course, there's a prospective dividend yield of 7.1% on offer, if you believe that's sustainable.
Looking at a longer time frame, STOB have dropped about 22% from their high in the first week of September 2017 while the FTSE 250 has fallen by 2% in the same period.
Of course, there's a prospective dividend yield of 7.1% on offer, if you believe that's sustainable.
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They’ve bought another 200,000 shares from Invesco again today. Third transaction this month. I have some thoughts, but I love to know the definitive reason(s) for the unannounced buy-back.
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The company say that they are stocking up on shares for distribution to employees via the share incentive plan. All well and good.
Others might see it as a way to reward their institutional backers without having to increase the dividend for all shareholders.
The key question is this: does the share price dip coupled with the cash outflow on share buybacks negatively impact airport or airline operations? I don't know but maybe someone here could comment?
Others might see it as a way to reward their institutional backers without having to increase the dividend for all shareholders.
The key question is this: does the share price dip coupled with the cash outflow on share buybacks negatively impact airport or airline operations? I don't know but maybe someone here could comment?
