Jet2-5
Besides, the cost of empty sectors at the beginning/end of the season is simply included in everybody’s holiday price. It’s not a surprising, unaccounted for cost to the company.
With a bit of tactical scheduling, some seasonal ferry flights can often be avoided. For example the first Winter season flight to Egypt would return via Crete, picking up the last Summer passengers on its way home.
With a bit of tactical scheduling, some seasonal ferry flights can often be avoided. For example the first Winter season flight to Egypt would return via Crete, picking up the last Summer passengers on its way home.
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I suppose it depends upon whether Jet2 views it's business as an IT operators that sells seat only as a side line, or a scheduled operator that sells blocks of seats to it's in-house IT operator. As I recall it started as the latter, but now appears to have morphed into the former. Ryanair a definitely very much an airline first; but it looks as though EasyJet are looking looking to move much more in the direction and the package holiday sector.
Package holidays for the most part are aimed at families and couples who want an easy experience where everything is looked after for you and you can sit back and relax from the minute you arrive at the airport until you leave UK arrivals a couple of weeks later. To ensure the customer gets that experience you have to invest in making your operation one that focuses on the customer and getting repeat business, not one that focuses on the absolute bottom line of cost. Since EZY are a true low-cost operator (which will still be most of their business), they always have and always will focus their airline on that bottom line - the cheapest handling contract, the cheapest staff at the other end, cheapest transport experience to resorts, and so on. Everything is a cheap 3rd party supplier to maximise that profit against cheaper airfares on it's seat only stuff.
Jet2 / J2Holidays operates in the opposite way, vertical integration with most of the operation done by in-house departments - total focus on providing the best customer experience to ensure repeat custom. The seat only stuff will never make the same profit margins as EZY as it's a whole different model.
As I say, I've done the EZY package and it was a painful experience - one that might suit young couples on city breaks with different expectations, but certainly not the majority of IT customers such as families and older couples who have saved up all year for their relaxing week in the Med.
I would say more, but for some strange reason, I am vilified as anti Jet2 by some members, nothing could be further than the truth, I was involved in the start of Jet 2 and have a lot of time for them. But people hate the truth, its like poetry.
Hi Castleford,
Yep that's my understanding, much like lots of other airlines. Of course Dart Leasing are a Ltd Company with only 3 officers, I think. Totally disconnected from the airline/holiday operation. Makes.life easier if you need to liquidate. Let's hope.not though.
Yep that's my understanding, much like lots of other airlines. Of course Dart Leasing are a Ltd Company with only 3 officers, I think. Totally disconnected from the airline/holiday operation. Makes.life easier if you need to liquidate. Let's hope.not though.
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Not sure, but this may help, Page 22 of Dart Leasing and Finance Limited, Annual accounts 2019, shows total borrowings of $ 706,727,000.00
I would say more, but for some strange reason, I am vilified as anti Jet2 by some members, nothing could be further than the truth, I was involved in the start of Jet 2 and have a lot of time for them. But people hate the truth, its like poetry.
I would say more, but for some strange reason, I am vilified as anti Jet2 by some members, nothing could be further than the truth, I was involved in the start of Jet 2 and have a lot of time for them. But people hate the truth, its like poetry.
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I'm not sure what Dart Leasing to Jet2plc direct ownership is, but if you just look at fleet it's self I know that the 757-200 are bought outright along with the 737-300's. I'm not sure on the chunk of 737-800's are owned or leased. I would imagine some of the very first ones are cash bought by the company, the rest are probably leased.
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J2 are crewing for what they think they need for the winter. I think UK aviation will be shut down again within a matter of days anyway. Hope Rishi has got very deep pockets.
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I think the question is whether they will ever be needed in the foreseeable future. These aircraft are surely prime candidates for withdrawal should things fail to improve, or get worse as looks likely. The only blessing for now is that the Canaries are back, but that may be short-lived, and regardless, demand this winter (and possibly next summer) will be far lower than usual.