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Southend-2

Old 7th Mar 2018, 07:41
  #1001 (permalink)  
 
Join Date: Apr 2016
Location: Essex
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Originally Posted by inOban View Post
The weekend closures should end in April
There are 2 weekend closures in May and 2 weeks of early evening weekday closures. I have no doubt there will be more announced.

It's not just about Crossrail, essential work used to be done at night by large gangs working the few hours available throughout the year. Now they shut the railway down because it's cheaper. The train operator doesn't care because their business is cramming as many people as possible into trains to take them to London in the morning and home again in the evening Mon-Fri. These people pay top dollar for that privilege. So you won't hear train operators screaming blue murder about not being able to run trains that they don't actually want to.

And Stobart? Well, the more they protest, the more attention they draw to the airport's shortcoming.
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Old 8th Mar 2018, 08:40
  #1002 (permalink)  
 
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SEN have reinstated the 15 minute free drop-off but moved its location to car park LS3, this being located between the Holiday Inn and the terminal. What a shame that they didn't do this in the first place and all the bad publicity would have been avoided.
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Old 8th Mar 2018, 08:46
  #1003 (permalink)  
 
Join Date: Jan 2008
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Originally Posted by Expressflight View Post
SEN have reinstated the 15 minute free drop-off but moved its location to car park LS3, this being located between the Holiday Inn and the terminal. What a shame that they didn't do this in the first place and all the bad publicity would have been avoided.
Good news. I was just about to write a very critical letter to LSA about that. Hopefully somebody got moved on for their previous decision!

What's the delay with Dublin? The weather seems ok, and with some pax with connecting flights, I would have thought it better to delay the Budapest flight ( I assume tech aircraft)
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Old 8th Mar 2018, 09:12
  #1004 (permalink)  
 
Join Date: Jul 2006
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The SEN-DUB delay is due to an aircraft tech. I think they will operate the route in reverse this morning with a DUB based aircraft coming into SEN and returning with the delayed pax.
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Old 8th Mar 2018, 10:28
  #1005 (permalink)  
 
Join Date: Oct 2007
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Dublin

Indeed that's what is happening EIFAU has just arrived
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Old 8th Mar 2018, 11:03
  #1006 (permalink)  
 
Join Date: Apr 2016
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Originally Posted by Expressflight View Post
SEN have reinstated the 15 minute free drop-off but moved its location to car park LS3, this being located between the Holiday Inn and the terminal. What a shame that they didn't do this in the first place and all the bad publicity would have been avoided.
The airport website now shows the 15mins free in car park 3 but also 5 minutes free in the short stay.

Just be careful collecting from car park 3. 16 minutes will cost you £15.
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Old 8th Mar 2018, 11:46
  #1007 (permalink)  
 
Join Date: Aug 2014
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Stobart/BE Winter 18/19 is now in on sale. Seems to show quite an increase compared to this year, although sadly BUD has been dropped.

GLA is 12x weekly (8-9 this year), DUB 18x weekly (15 this year), MAN and GRQ stay the same (18 and 17 respectively). Weekday day returns available for all four.

MXP and CFR are retained (dropped this winter), VIE rises from 2 to 4 weekly, LYS from 2 to 4 weekly, PRG up to daily. ANR also set to continue (new route for summer 18).
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Old 8th Mar 2018, 12:38
  #1008 (permalink)  
 
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Actually GRQ increases from 6 x weekly this Winter to 17 x weekly for Winter 2018/19. I didn't realise that BUD had been dropped for this summer; only bookable until 23rd March 2018.

Stobart certainly are showing confidence in the routes they launched last autumn.
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Old 8th Mar 2018, 13:05
  #1009 (permalink)  
 
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Originally Posted by Expressflight View Post
Actually GRQ increases from 6 x weekly this Winter to 17 x weekly for Winter 2018/19. I didn't realise that BUD had been dropped for this summer; only bookable until 23rd March 2018.

Stobart certainly are showing confidence in the routes they launched last autumn.
Yes an oversight on my part, of course 17x carries forward the summer schedule.

The fact BUD ends in March is very much news to me, as I was going to book for the May Bank Holiday. It was certainly there a week or so ago!
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Old 8th Mar 2018, 13:16
  #1010 (permalink)  
 
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Budapest is also part of todayís giveaway, so if itís going itís also news to Stobarts social media team!
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Old 8th Mar 2018, 13:21
  #1011 (permalink)  
 
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Originally Posted by Expressflight View Post
Actually GRQ increases from 6 x weekly this Winter to 17 x weekly for Winter 2018/19. I didn't realise that BUD had been dropped for this summer; only bookable until 23rd March 2018.



Stobart certainly are showing confidence in the routes they launched last autumn.
Budapest is lovely in the summer. Maybe the winter figures weren't impressive enough. Prague is even nicer all the year round. I suppose at the end of the day Stobarts don't have enough aircraft. No mention of Carlisle yet?
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Old 8th Mar 2018, 13:29
  #1012 (permalink)  
 
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Tickets for BUD on sale for summer and next winter.
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Old 8th Mar 2018, 14:15
  #1013 (permalink)  
 
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Yes BUD is back on the booking system through to next January. I guess it was a glitch while they loaded the winter timetable although BUD still doesn't show there beyond 18th March.
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Old 8th Mar 2018, 15:00
  #1014 (permalink)  
 
Join Date: Jun 2009
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Stobart sell Southend Airport hotel

Stobart Group, the infrastructure and support services business, issues the following pre-close trading statement prior to the announcement of the full year results for the 12 months to 28 February 2018, which is expected to be made on 10 May 2018.

Stobart Group is an entrepreneurial business that delivers strong returns to shareholders. Its strategy is to use disposals from its Infrastructure and Investment divisions to support the dividend to 2022, at which point the dividend will be supported through income from its growing operating divisions; Aviation, Energy and Rail.

Highlights
∑ Aviation - 25% increase in passengers at London Southend Airport. Stobart Group continues to invest in its strategy of identifying opportunities to tackle London capacity constraints and improve passenger experience
∑ Energy - Volume targets should be achieved during 2018. Majority of new third party power plants are either burning fuel or about to commence burn. The division is trading ahead of its EBITDA per tonne targets
∑ Rail - On track to deliver EBITDA targets on rail and civil engineering projects. Supporting growth at Carlisle Lake District and London Southend Airports
∑ Infrastructure/Investments - Continuing to realise cash in order to support the dividend through to 2022
∑ Quarterly dividend maintained at 4.5p per share

Aviation
Stobart Group invests in, develops and operates a number of aviation-related businesses focused on meeting the growing demand for increased airport capacity and improved customer experience. It owns and operates London Southend and Carlisle Lake District Airports, Stobart Air and Stobart Aviation Services.

London Southend Airport
London Southend Airport welcomed more than 1 million passengers in calendar year 2017, representing a 25% increase on 2016. Passenger numbers are expected to grow further with the recent agreement for Air Malta to launch three new routes from London Southend Airport from 4 May, flying to Malta, Sardinia and Sicily.

In January 2018 we launched a new executive jet fixed based operation (FBO) at London Southend Airport, expected to cater for 5,000 flights per year by 2022.

The group intends to invest up to £40m over FY18 to FY21 in awareness, route development, branding, marketing and airline incentive deals at London Southend Airport, of which we have invested around £10m in FY18.

Carlisle Lake District Airport
Carlisle Lake District Airport will open for passengers for the first time in Summer 2018.

Stobart Air
Stobart Air continued to make good progress, operating flights on behalf of its partners, Aer Lingus and FlyBe, carrying 1.7 million passengers. Stobart Air appointed industry veteran Conor McCarthy as Non-Executive Chairman of its board in January 2018. In February its contract to operate the Dublin-Donegal and Dublin-Kerry Public Service Obligation (PSO) routes, under the Aer Lingus Regional brand, was renewed.

Stobart Aviation Services
Stobart Aviation Services provided check in services for 0.6 million passengers at London Southend Airport and ground handling services to 11,949 aeroplane movements. It also secured a contract to provide aviation services to easyJet at London Stansted which began on 1 March 2018, worth circa £4m per annum.

Energy
The Company has successfully deployed its logistics experience to put in place a renewable energy fuel supply chain to supply 2m tonnes of renewable energy fuel to power stations across the UK. Certain of these power stations experienced commissioning delays. However, more stations are now coming on-line and Stobart Energy has successfully proven its business model.

Stobart Energy is now delivering at a run rate of c1.3m tonnes p.a. of renewable energy fuel in January and February 2018, and has customer contracts for a further 0.8m tonnes p.a. once plants become operational. Stobart Energy has closely managed its costs and EBITDA margin per tonne is ahead of target, with a defined plan for delivering targets for 2022 now in place.

Rail and Civil Engineering
The Rail division continues to develop its pipeline of third party civil works, and, by applying its civil engineering expertise, adding value to the wider Group. Stobart Rail is constructing the terminal at Carlisle Lake District Airport, which is due to be completed in June 2018, and worked to upgrade the car park and stands at London Southend Airport.

Stobart Rail also continued to develop its relationship with Network Rail, winning various devegetation contacts totaling £6m, winning framework contracts in London Northwest, London Northeast and Scotland and appointed participant in the Transpennine route upgrade. There was minimal financial exposure from contracts with Carillion.

Infrastructure and Investments
Stobart Group aims to use disposals from its Infrastructure and Investment divisions to support the dividend. During the period, the Infrastructure division completed four disposals including the Park Royal, London Southend Airport Hotel and Rotherham properties, as well as the Group's investment in the Port Talbot biomass plant. These disposals realised a total of £27.3m in cash, of which £2.3m remains outstanding at the year end. The Group's investment in Eddie Stobart continued to perform satisfactorily, with that company reporting a 12% YoY increase in revenues.

Dividend
We reported in the AGM statement in June an expectation to pay an increased quarterly dividend of 4.5p per share, starting with the payment made on 7 July 2017. Dividends of 4.5p per share were paid on 6 October 2017 and 19 January 2018. The Board has now declared a further interim dividend of 4.5p per share which will be paid on 13 April 2018 to shareholders on the register as at 23 March 2018.


The Board remains confident of the Group's performance and prospects and, subject to Board approval, a further quarterly dividend of 4.5p per share will be made on 6 July 2018. The Group has non-operating asset resources available to support the dividend until 2022, and thereafter dividends are expected to be funded out of operating cash flow.

Warwick Brady, Chief Executive of Stobart Group, said: "Stobart Group has made good progress during the last year. We continue to see growth in our aviation division, with a 25% increase in passengers at London Southend Airport, 10% increase in passenger numbers flying via Stobart Air, and we are excited to be welcoming passengers at Carlisle Lake District Airport from Summer of this year.

"Stobart Energy has proven its model and is on track to deliver at a run rate of 2m tonnes of renewable energy fuel per year by the end of 2018 and Stobart Rail continues to add value across the Group. We continue to realise value from our infrastructure and investment divisions and these disposals are expected to support the dividend up until 2022, when we expect our operating divisions to meet their targets for EBITDA contribution."
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Old 8th Mar 2018, 19:05
  #1015 (permalink)  
 
Join Date: Apr 2016
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STOBART MARCH ON! or STOBART MARCH MADNESS! ?
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Old 8th Mar 2018, 19:08
  #1016 (permalink)  
 
Join Date: Apr 2012
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Selling the airport will be the real value add for shareholders
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Old 8th Mar 2018, 19:33
  #1017 (permalink)  
 
Join Date: Apr 2003
Location: Northumberland
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Still nothing on the CAX flts , times getting on.
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Old 8th Mar 2018, 19:52
  #1018 (permalink)  
 
Join Date: Jul 2002
Location: In the sticks
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Often in the summer, there can be 5 flights inbound between 2300 and midnight
While Stobart has no control over the trains it does control the opening hours of the terminal. With traffic picking up it is becoming untenable that Southend keeps passengers locked out. If it wants to become a serious player it needs to act like one.
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Old 8th Mar 2018, 20:01
  #1019 (permalink)  
 
Join Date: Apr 2016
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Arrivals are not permitted after 2330. When it happens operators are fined and the airport donates the money to charity. Seems to keep everyone happy. There will come a point where 24hr opening has to be reconsidered, with that 24 transport options need to be available and we've recently discussed coach services which I know you have in abundance at Luton.
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Old 8th Mar 2018, 20:05
  #1020 (permalink)  
 
Join Date: Apr 2003
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Are the hours not a planning constraint?
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