Jet2-6
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Do think there could be a role for the A321XLR at Jet2 in the future?
If (and it's a big if) they want to enter the long-haul market one day, the A321XLR would be a low-risk way to do it. It would have the range to get to Florida and the Carribbean whilst enabling a combined fleet with the Neos and more efficient aircraft utilisation. I'm sure Jet2 could make New York and maybe a few other US cities work from their larger northern bases as well....
If (and it's a big if) they want to enter the long-haul market one day, the A321XLR would be a low-risk way to do it. It would have the range to get to Florida and the Carribbean whilst enabling a combined fleet with the Neos and more efficient aircraft utilisation. I'm sure Jet2 could make New York and maybe a few other US cities work from their larger northern bases as well....
Two weeks ago, many were predicting Jet2 would announce an A330 order at the Paris air show so they could fly to the USA and Carribean
Air Berlin went bust for many reasons (and definitely not just the clusterf*ck that was BER airport)
Air Berlin went bust for many reasons (and definitely not just the clusterf*ck that was BER airport)
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Also you're comparing the British market against the German market? Which comparing Apples and Banana's?
Up to 2016 (as that's what wikapedia has not exactly reliable but hey) out of the 9 years accounts 8 of those Air Berlin made a loss. Jet2 meanwhile continue to be healthy and make a profit.
Wasn't Air Berlin trying to be an airline to all and sundry? Didn't quite know where its focus was?
Also you're comparing the British market against the German market? Which comparing Apples and Banana's?
Up to 2016 (as that's what wikapedia has not exactly reliable but hey) out of the 9 years accounts 8 of those Air Berlin made a loss. Jet2 meanwhile continue to be healthy and make a profit.
Also you're comparing the British market against the German market? Which comparing Apples and Banana's?
Up to 2016 (as that's what wikapedia has not exactly reliable but hey) out of the 9 years accounts 8 of those Air Berlin made a loss. Jet2 meanwhile continue to be healthy and make a profit.
Long-haul may happen at some point, and short of any surprises, it’s probably not going to be in the next few years. I’d be confident that they will not do it unless they are cast iron in their belief that they can do so with strong returns. One thing they are not is directionless so comparisons with Air Berlin are pointless.
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Any idea what’s happened with LS917 today MAN-TFS?
One of the A330s (GM) appears to have been offline today and the TFS rotation actually took place on two 737s (G-DRTW and G-DRTZ) however TZ ended up diverting to FAO with G-JZHS having to fly out from Manchester to complete the flight. Currently on route back to MAN with a delay of several hours.
What makes it stranger is G-DRTZ actually left and positioned back to MAN before HS left FAO down to Tenerife itself.
One of the A330s (GM) appears to have been offline today and the TFS rotation actually took place on two 737s (G-DRTW and G-DRTZ) however TZ ended up diverting to FAO with G-JZHS having to fly out from Manchester to complete the flight. Currently on route back to MAN with a delay of several hours.
What makes it stranger is G-DRTZ actually left and positioned back to MAN before HS left FAO down to Tenerife itself.
Meanwhile, the holiday giant revealed that its executive chairman Philip Meeson will be stepping down from the company’s board. Mr Meeson bought the business in 1983 as a small cargo carrier and grew it into Britain’s largest package holiday provider. He said he remains confident in the outlook of the group, “but I am conscious of my age and the need to plan an orderly succession”. The 75-year-old Yorkshire businessman is set to move to non-executive chairman and remain in the role until a successor is appointed.
Any idea what’s happened with LS917 today MAN-TFS?
One of the A330s (GM) appears to have been offline today and the TFS rotation actually took place on two 737s (G-DRTW and G-DRTZ) however TZ ended up diverting to FAO with G-JZHS having to fly out from Manchester to complete the flight. Currently on route back to MAN with a delay of several hours.
What makes it stranger is G-DRTZ actually left and positioned back to MAN before HS left FAO down to Tenerife itself.
One of the A330s (GM) appears to have been offline today and the TFS rotation actually took place on two 737s (G-DRTW and G-DRTZ) however TZ ended up diverting to FAO with G-JZHS having to fly out from Manchester to complete the flight. Currently on route back to MAN with a delay of several hours.
What makes it stranger is G-DRTZ actually left and positioned back to MAN before HS left FAO down to Tenerife itself.
I used to do this job for 40 years (often standing on my head, I must say I did it all rather well) but I do lament and often baulk at some of the stories I now read on the EZY, Jet2 and TUI pages.
Last edited by rog747; 6th Jul 2023 at 13:46.
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Ha! the mysterious world of today's airline operations officers/handling and their ''decisions''
I used to do this job for 40 years (often standing on my head, I must say I did it all rather well) but I do lament and often baulk at some of the stories I now read on the EZY, Jet2 and TUI pages.
I used to do this job for 40 years (often standing on my head, I must say I did it all rather well) but I do lament and often baulk at some of the stories I now read on the EZY, Jet2 and TUI pages.
From what I’ve heard, they diverted due to a medical emergency on board, which was, I can imagine, quite traumatic for the cabin crew to deal with. The decision was made to send a new plane and crew down to Faro to take the passengers onwards to their destination whilst the original crew were stood down and positioned back to Manchester. All sounds very sensible to me!
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Agreed, also to add.. If Jet2 ever did decide to purchase any wide body aircraft they would inevitably be for the higher capacity Med routes to get more out of slot constrained airports, rather than some long-haul operation that is not currently in their MO. There are still large areas of the European holiday market where Jet2 Holidays are only scratching the surface. Rumours had been doing the rounds, but also consider that they have a very good working partnership with Air Tanker and seem to be happy with their performance so it’s probably not a priority to acquire any at this moment anyway.
Long-haul may happen at some point, and short of any surprises, it’s probably not going to be in the next few years. I’d be confident that they will not do it unless they are cast iron in their belief that they can do so with strong returns. One thing they are not is directionless so comparisons with Air Berlin are pointless.
Long-haul may happen at some point, and short of any surprises, it’s probably not going to be in the next few years. I’d be confident that they will not do it unless they are cast iron in their belief that they can do so with strong returns. One thing they are not is directionless so comparisons with Air Berlin are pointless.
I don't think it would be. It would definitely be for the long haul operation which, if they launch, they'll have no problem filling. Travel agents will love it. And it'll give TUI competition. I'm with you it won't be for a few years yet.
Air Berlin were just all over place. Fly Globespan are another example of directionless and again another airline of trying long haul whilst not having the airline/business in perfect order and ready to take on the stress and strain of long haul. Which inevitably will happen.
https://www.thetimes.co.uk/article/j...kpit-rrffpcc0j
https://www.proactiveinvestors.co.uk...e-1019966.html
Sentiment was skewed at Jet2, as strong full-year results were overcast by news that the airline's chairman would retire
Jet2 PLC (AIM:JET2)’s return to profitability was largely expected as the sector enjoys a post-pandemic bounce-back, but news that the airline’s chairman would depart saw sentiment skewed.
Shares fell over 11.5% on Thursday morning as long-serving executive chairman Philip Meeson announced he would be retiring from the company after 40 years.
The fall came despite the airline reporting an operating profit of £394mln in the year to March 2023, up on a £324mln loss in 2022.
Barclays brokers tipped the slip-up was to be expected following the news of Meeson leaving since he has been with the airline since buying it in 1983.
AJ Bell analyst Russ Mould commented a share price hit was “one way to measure the respect for a leader of a company” meanwhile.
Despite pointing to resilience in package holidays and Meeson’s own confidence on the outlook of the group, Jet2 opted not offer any specific guidance on next years’ trading, instead saying it was “cognisant of how quickly the macro-economic environment is evolving”.
Barclays reassured the lack of a forecast was unlikely to prompt any consensus changes though, with the bank anticipating Jet2 to score pre-tax profit of £452mln in 2024.
The fate of Meeson’s majority stake in Jet2 marks the real question though, according to Mould, who suggested he would want to “crystallise” on the company’s long-term share price gain.
“Meeson was seen as the captain of the company’s success,” Mould added, “building up a greatly admired British business and showing that it was possible to disrupt the airline industry”.
Jet2 hits turbulence after boss leaves cockpit
Philip Meeson steps aside from UK’s largest package holiday providerhttps://www.proactiveinvestors.co.uk...e-1019966.html
Jet2 results please but shares hit on chairman departure
Published: 11:39 06 Jul 2023Sentiment was skewed at Jet2, as strong full-year results were overcast by news that the airline's chairman would retire
Jet2 PLC (AIM:JET2)’s return to profitability was largely expected as the sector enjoys a post-pandemic bounce-back, but news that the airline’s chairman would depart saw sentiment skewed.Shares fell over 11.5% on Thursday morning as long-serving executive chairman Philip Meeson announced he would be retiring from the company after 40 years.
The fall came despite the airline reporting an operating profit of £394mln in the year to March 2023, up on a £324mln loss in 2022.
Barclays brokers tipped the slip-up was to be expected following the news of Meeson leaving since he has been with the airline since buying it in 1983.
AJ Bell analyst Russ Mould commented a share price hit was “one way to measure the respect for a leader of a company” meanwhile.
Despite pointing to resilience in package holidays and Meeson’s own confidence on the outlook of the group, Jet2 opted not offer any specific guidance on next years’ trading, instead saying it was “cognisant of how quickly the macro-economic environment is evolving”.
Barclays reassured the lack of a forecast was unlikely to prompt any consensus changes though, with the bank anticipating Jet2 to score pre-tax profit of £452mln in 2024.
The fate of Meeson’s majority stake in Jet2 marks the real question though, according to Mould, who suggested he would want to “crystallise” on the company’s long-term share price gain.
“Meeson was seen as the captain of the company’s success,” Mould added, “building up a greatly admired British business and showing that it was possible to disrupt the airline industry”.
That investors reacted by selling off shares in Jet2 at the shock (not) news that Meeson, age 75, should retire just shows the disconnect between 'the markets' and reality.
What is worrying is of course that another successful Yorkshire business could follow Morrisons down the pan on the back of cost cutting and assett stripping should the business fall into the claws of venture capitalists in the wake of Meeson's departure.
What is worrying is of course that another successful Yorkshire business could follow Morrisons down the pan on the back of cost cutting and assett stripping should the business fall into the claws of venture capitalists in the wake of Meeson's departure.
That investors reacted by selling off shares in Jet2 at the shock (not) news that Meeson, age 75, should retire just shows the disconnect between 'the markets' and reality.
What is worrying is of course that another successful Yorkshire business could follow Morrisons down the pan on the back of cost cutting and assett stripping should the business fall into the claws of venture capitalists in the wake of Meeson's departure.
What is worrying is of course that another successful Yorkshire business could follow Morrisons down the pan on the back of cost cutting and assett stripping should the business fall into the claws of venture capitalists in the wake of Meeson's departure.
It's not quite like that. The share price is determined by the traders saying what they might buy, or sell, the shares at. In actual fact not a single share may have been traded at the previous or the new price, as it goes up and down. There are only a finite number of shares, if you want to buy one then someone has to be selling one. It's like looking up typical used car "prices" in the book, doesn't mean any have actually been sold at that price. Look for "volume" against a share price to find how many were actually sold on a given day.
The share price reflects the future expectations not the past. It indicates that investors are worried without Philip Meeson, they think Jet2 will not do as well. This is a clear case of key-person dependency - consider what would happen to the Ryanair share price if O'Leary suddenly announced he wanted to retire - do you think Ryanair would have the same profit-driven focus without him ?
If anything, Jet2 should have provided better info to investors on how succession planning would work over a longer timeframe
If anything, Jet2 should have provided better info to investors on how succession planning would work over a longer timeframe
I absolutely get the 'future performance' aspect, but surely the city gamblers understand that Meeson has a team around him, including from a Jet2 perspective the likes of Steve Heapy. They aren't a one trick pony and in the same way neither is O'Leary at Ryanair or the CEO of Tesco.
The future performance issue that should be worrying shareholders in any business selling expensive products to the UK public at present is the mushrooming cost of living crisis, sooner or later the customer's credit cards will be maxed out and foreign holidays and weekend breaks could become unaffordable for many.
The future performance issue that should be worrying shareholders in any business selling expensive products to the UK public at present is the mushrooming cost of living crisis, sooner or later the customer's credit cards will be maxed out and foreign holidays and weekend breaks could become unaffordable for many.
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I absolutely get the 'future performance' aspect, but surely the city gamblers understand that Meeson has a team around him, including from a Jet2 perspective the likes of Steve Heapy. They aren't a one trick pony and in the same way neither is O'Leary at Ryanair or the CEO of Tesco.
The future performance issue that should be worrying shareholders in any business selling expensive products to the UK public at present is the mushrooming cost of living crisis, sooner or later the customer's credit cards will be maxed out and foreign holidays and weekend breaks could become unaffordable for many.
The future performance issue that should be worrying shareholders in any business selling expensive products to the UK public at present is the mushrooming cost of living crisis, sooner or later the customer's credit cards will be maxed out and foreign holidays and weekend breaks could become unaffordable for many.
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I absolutely get the 'future performance' aspect, but surely the city gamblers understand that Meeson has a team around him, including from a Jet2 perspective the likes of Steve Heapy. They aren't a one trick pony and in the same way neither is O'Leary at Ryanair or the CEO of Tesco.
The future performance issue that should be worrying shareholders in any business selling expensive products to the UK public at present is the mushrooming cost of living crisis, sooner or later the customer's credit cards will be maxed out and foreign holidays and weekend breaks could become unaffordable for many.
The future performance issue that should be worrying shareholders in any business selling expensive products to the UK public at present is the mushrooming cost of living crisis, sooner or later the customer's credit cards will be maxed out and foreign holidays and weekend breaks could become unaffordable for many.
I meant metaphorical credit cards! Savings, cards, or worst personal loans. Whatever with mortgages, rents and the affordability of unsecured credit all becoming more expensive something will have to give. It has happened before in the late1970s and early eighties and it certainly did affect package holidays.
If I were running a business that was heavily dependent on discretionary spending (a holiday not being an essential) I would be cautious until we see this all pans out.
If I were running a business that was heavily dependent on discretionary spending (a holiday not being an essential) I would be cautious until we see this all pans out.
Credit card payment
I meant metaphorical credit cards! Savings, cards, or worst personal loans. Whatever with mortgages, rents and the affordability of unsecured credit all becoming more expensive something will have to give. It has happened before in the late1970s and early eighties and it certainly did affect package holidays.
If I were running a business that was heavily dependent on discretionary spending (a holiday not being an essential) I would be cautious until we see this all pans out.
If I were running a business that was heavily dependent on discretionary spending (a holiday not being an essential) I would be cautious until we see this all pans out.
I've been grsteful to that piece of legislation twice -
Once when Monarch went belly up just prior to our holiday in a Fuerteventura
Then at the start of the pandemic where we had paid our hotel jn Bodum, Turkey directly for 'extras' not included in Jet2s price. Hotel then shut of course so we were able to claim these costs off our CC.
Flying Hi,
Agree with you 100%, most especially paying it off IN FULL. I have never had to use 'charge back' but its excellent insurance against unpleasant financial surprises.
In the real world however many are simply unable to do so, just increasing their unsecured debt burden.
Agree with you 100%, most especially paying it off IN FULL. I have never had to use 'charge back' but its excellent insurance against unpleasant financial surprises.
In the real world however many are simply unable to do so, just increasing their unsecured debt burden.