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Southend-3

Old 21st Nov 2023, 11:46
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Originally Posted by rog747
SEN also now gets the ALC too,
along with PMI FAO AGP GNB GVA CDG and AMS (All on EasyJet Europe flights)

SEN is really picking up, with BH Air doing a high season summer holidays charter to Bourgas too.
What do you mean also, announced and bookable in August.
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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Old 1st Dec 2023, 18:05
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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. ​​​​​​​
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Old 1st Dec 2023, 18:20
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Ouch, the reality is SEN will only be viable if there is long term over capacity within London airspace. Pandemics and financial crashes will always have an adverse effect on the airport and will subsequently see large peaks and troughs, something I am sure potential investors will be very mindful and wary of.
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Old 1st Dec 2023, 18:34
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Lots of corporate speak. Anybody able to put this into straightforward English ? Initial reading is "Esken and Southend are in an awful mess and nobody knows if SEN will remain open long term"
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Old 1st Dec 2023, 18:37
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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.
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Old 1st Dec 2023, 18:44
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Originally Posted by davidjohnson6
Lots of corporate speak. Anybody able to put this into straightforward English ? Initial reading is "Esken and Southend are in an awful mess and nobody knows if SEN will remain open long term"
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.
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Old 1st Dec 2023, 18:49
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I suspect EasyJet’s limited operations, particularly this winter, is making the debts worse.
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Old 1st Dec 2023, 19:17
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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.
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Old 1st Dec 2023, 22:25
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Well, there were three aircraft on the ground at once on Sunday achieved by an extra being flown in from LGW for the day. Photo shoot for a new base press release?
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Old 2nd Dec 2023, 00:41
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Originally Posted by AirportPlanner1
Well, there were three aircraft on the ground at once on Sunday achieved by an extra being flown in from LGW for the day. Photo shoot for a new base press release?
The one which positioned in from Gatwick did an Alicante & back because the normal EJU from AMS went sick.
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Old 2nd Dec 2023, 07:01
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Originally Posted by SWBKCB
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.
Yes, that's broadly correct.

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.
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Old 2nd Dec 2023, 07:43
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Originally Posted by pabely
The one which positioned in from Gatwick did an Alicante & back because the normal EJU from AMS went sick.
Perhaps more likely crewing or something as the LGW aircraft positioned to SEN before the AMS aircraft had even departed for SEN.
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Old 2nd Dec 2023, 10:20
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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.
What does that actually mean? Flights aren't just taken away from one airline and given to another.

Does it mean that Easyjet are surrendering slots at Gatwick? Thats not quite the same thing.......
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Old 2nd Dec 2023, 10:33
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Originally Posted by Andy_S
What does that actually mean? Flights aren't just taken away from one airline and given to another.

Does it mean that Easyjet are surrendering slots at Gatwick? Thats not quite the same thing.......
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.
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Old 2nd Dec 2023, 10:49
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Originally Posted by vectisman
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.
Thanks. That makes a lot more sense. So Easy are losing 90 slots, not 90 flights. And it sounds like they don't have the capacity to fully utilise those slots in any case. So it's not as simple as Easy needing somewhere to relocate routes and metal displaced from LGW.
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Old 2nd Dec 2023, 11:16
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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.
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Old 2nd Dec 2023, 16:33
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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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Old 3rd Dec 2023, 09:13
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We’ve been ‘in talks with existing and new airlines’ for years now. It’s about time some of these produced results.
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Old 3rd Dec 2023, 13:03
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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.
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Old 3rd Dec 2023, 14:20
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Originally Posted by TartinTon
All airports are always in talks with airlines. Such a poltician's comment. It would only be news if an airport said that they weren't in talks with airlines!
But you can bet any potential buyer will want to see full details of such talks.
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