Southend-3
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Fan boys were expecting 5/6 week to ALC by now but looking at prices on the x2 week, that ain't going to happen.
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https://www.thebusinessdesk.com/nort...uthend-airport
The group posted revenues of £9.142m, compared with £14.613m the previous period. A pre-tax loss of £60.823m was an increase on the prior year’s £15.020m loss.
Esken said the revenue decline was due to the Aviation division, with the cargo operations from a global logistics partner ending in mid-September 2022, and only three months of revenue in the period for Star Handling Limited, following the sale of the business.
Esken said the revenue decline was due to the Aviation division, with the cargo operations from a global logistics partner ending in mid-September 2022, and only three months of revenue in the period for Star Handling Limited, following the sale of the business.
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The problem is that the other London Airports are increasingly capacity. I would be more than happy to gift Southend a few million passengers from Luton to get it back on its feet.
Also reckons Carlisle will be sold by the end of the financial year, which sounds optimistic.
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https://www.echo-news.co.uk/news/239...-flights-base/
Calls are growing for the budget airline to add more routes to its popular list of destinations, after it was revealed that easyJet will lose 90 flights a week from Gatwick Airport as they are given to British Airways next summer.
A travel agent and senior councillor have now insisted this is the prime time for easyJet to expand its offering at Southend and add new routes and potentially re-open its base.
A travel agent and senior councillor have now insisted this is the prime time for easyJet to expand its offering at Southend and add new routes and potentially re-open its base.
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The one which positioned in from Gatwick did an Alicante & back because the normal EJU from AMS went sick.
They've sold their renewables business which they hope allows them to pay of debt and gives them more time to find a buyer for Southend. The company will then be wound up and anything left will go to shareholders. Is that about it?
Also reckons Carlisle will be sold by the end of the financial year, which sounds optimistic.
Also reckons Carlisle will be sold by the end of the financial year, which sounds optimistic.
It was essential that the Renewables sale was completed and that was achieved yesterday. The balance sheet suggests that SEN can thus continue normal operations until the start of 2025 when the money will run out. As you say any surplus from the sale proceeds will go to the shareholders but the current share price suggests there isn't much confidence of that being a substantial sum.
Now the question is will a buyer be found within the next 12 months? There have been suggestions that Carlyle may wait until Esken is unable to repay their loan and they would then take SEN by default but I believe that is pure speculation.
Calls are growing for the budget airline to add more routes to its popular list of destinations, after it was revealed that easyJet will lose 90 flights a week from Gatwick Airport as they are given to British Airways next summer.
Does it mean that Easyjet are surrendering slots at Gatwick? Thats not quite the same thing.......
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BA Euroflyer increase Gatwick operations. 90 weekly slots are being returned for Summer 2024 to BA/BA Euroflyer.
In addition, Easyjet struggled in Summer 2023 to operate 80 to 85 aircraft from Gatwick. You may remember they had to cancel many flights during the summer period.
In summer 2024 based aircraft at Gatwick will be up to 10 less than this year. Several A319s have already left Gatwick for the scrap yard and 3 A320s are off to Birmingham for the new base being
opened at that airport.
In summer 2021 BA leased 230 weekly slots to Easyjet at Gatwick. These slots are now being returned over the next couple of years as BA and
BA Euroflyer increase Gatwick operations. 90 weekly slots are being returned for Summer 2024 to BA/BA Euroflyer.
In addition, Easyjet struggled in Summer 2023 to operate 80 to 85 aircraft from Gatwick. You may remember they had to cancel many flights during the summer period.
In summer 2024 based aircraft at Gatwick will be up to 10 less than this year. Several A319s have already left Gatwick for the scrap yard and 3 A320s are off to Birmingham for the new base being
opened at that airport.
BA Euroflyer increase Gatwick operations. 90 weekly slots are being returned for Summer 2024 to BA/BA Euroflyer.
In addition, Easyjet struggled in Summer 2023 to operate 80 to 85 aircraft from Gatwick. You may remember they had to cancel many flights during the summer period.
In summer 2024 based aircraft at Gatwick will be up to 10 less than this year. Several A319s have already left Gatwick for the scrap yard and 3 A320s are off to Birmingham for the new base being
opened at that airport.
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Its more a case of operational capacity. 90 slots a week is equal to 45 departures and 45 arrivals per week so about 6 to 7 round trips per day.
The remaining 140 slots that will need to be returned, probably over the next year or so, will equal 70 departures and 70 arrivals per week so about another 10 round trips per day.
I believe easyjet will use more 321s at Gatwick to offset some of the capacity loss.
Apologies to this thread for going off topic.
The remaining 140 slots that will need to be returned, probably over the next year or so, will equal 70 departures and 70 arrivals per week so about another 10 round trips per day.
I believe easyjet will use more 321s at Gatwick to offset some of the capacity loss.
Apologies to this thread for going off topic.
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https://www.echo-news.co.uk/news/239...es-new-routes/
SOUTHEND Airport has revealed it is “on track” to beat its 2019 passenger performance and is “in talks with existing and new airlines” for new routes
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All airports are always in talks with airlines. Such a politician's comment. It would only be news if an airport said that they weren't in talks with airlines!
Last edited by TartinTon; 3rd Dec 2023 at 17:39.