Great news! 😃 TLS has been unserved from MAN for a while I believe, at least since the demise of Flybe.

more bad news -
 

Jet2 Hols cancels all holidays & flights until at least 14 April :(


No doubt TUI and EasyJet Hols will now follow suit sadly...

#NoEasterHols

Mr Hancock indicated today tough border measures may be in place until Autumn.....

That booking of mine for the 30th April looking less and less likely then....

It's not surprising given that it will be end of April before over 50's are all vaccinated. However that group constitutes 99% of CV19 deaths. Once that group is done the risk of hospitals being overwhelmed drops markedly and comes more into line with what we would typically see with flu. There is the risk of new variants and I suspect we will see some border controls retained for some countries throughout the summer but given that the situation in most continental countries is also improving I can see a summer season albeit at some reduced capacity starting in May. The vaccination programme will also continue so the picture should continue to improve further after then.

Thank you....so good to hear a bit of optimism amongst the gloom and doom.

Depends on what you mean by "vaccinated" - SAGA Holidays require a second shot of the vaccine before they will allow you to travel, it will be July - August before the over 50s get their second dose.
I'm not sure family holidays will be possible either if a vaccination is required for the under 18s to cross borders, they are right at the back of the queue.
Some joined up thinking will be needed or this summer will go the same way as summer 20.

Fair point D9009 and I don't think we will be completely back to normal this year. What I do think we will see from start of May is a gradual reopening with the reinstatement of travel bridges with countries where infection rates are acceptably low. I would expect that to be combined with evidence of the receipt of 2 doses of vaccine at borders. Don't forget quite a few of the more mature folk amongst us and NHS staff, carers etc. will have had their second jab by then. If vaccines keep going into arms at the current rate I can see a good case to open up our borders where infection rates are low by late spring.

I see Jet2PLC have raised £422 Million overnight, might help them in the long term.
https://www.insidermedia.com/news/yo...hrough-placing

Having said all that, todays Business section of The Times, the future depends on a restart sooner than later.

The company has issued this: https://www.jet2plc.com/Investor_Rel...February_2021/

Lets just hope the restart happens soon.

Jet2holidays have advised flights and holidays from Bristol cancelled up to and including 30th June 2021

is that all flights, or just Holidays?

not good Damn

The whole lot

Surely this is just a delay to the opening of the BRS operation.

Damn, I know a couple of guys, accepted Base Transfers there.
Seeing this pandemic is costing £75mill a month, I could see stormy clouds ahead for J2.
best of luck all

£75 million a month in lost revenue, or operating losses? Where is this data coming from?

I was sure it was The Times, or Financial Times. However I stand corrected, its worse:
According to The Times, 12th Feb: https://www.thetimes.co.uk/article/j...torm-cg0zd9qsh
If you cannot access it, here is the quote in full:

"The company has cash of £479 million at present and potentially has access to Bank of England pandemic relief loans of £300 million.
It said that if it was not allowed to start flying properly again until the end of May its cash will have dwindled to about £190 million. If travel restrictions continue longer than expected it indicated that it will have run out of cash by the end of the summer."

Times are tough for all concerned

Just found this: https://www.jet2plc.com/Investor_Rel...February_2021/

Again to quote:
"The Group's current cash position as at 31 January 2021 comprised "Own Cash" of £479m and Total Cash (inclusive of advance customer deposits) of £772m (unaudited).

Jet2 continues to take every step necessary to preserve cash and enhance liquidity to deal with this most challenging of trading environments and the Group has the ability to continue to take additional liquidity actions if required.

Management has prudently prepared three indicative "no fly" scenarios of increasing durations being: restarting flying on 22 May 2021; restarting flying on 16 July 2021; and restarting flying on 1 September 2021. All three scenarios assume a ramp up of flying operations at reduced seat capacity with average load factors that are initially below historic levels. Further, the scenarios assume a cautious outlook for Winter 2021/22 and a full, unhindered Summer 2022 flying programme for the Group's financial year ending 31 March 2023.

Excluding the net proceeds of the proposed Fundraise, any CCFF proceeds, additional debt and/or mitigating actions, the Group's indicative cash flow scenarios show the following:

Restart Flying Scenarios*

Jet2 Own Cash** scenario period low



Calendar Year 2021 Calendar Year 2022

22 May 2021 c.£185-195m in May 2021 c.£360-370m in April 2022

16 July 2021 c.£125-135m in June 2021 c.£155-165m in April 2022

1 September 2021 c.£(15)-(5)m in August 2021 c.£(70)-(60)m in April 2022

Notes:

* Management indicative cash flow scenarios, unaudited and subject to change, for the month ends during the period ending 30 June 2022

**Calculated as total Group gross cash less advance customer deposits

I think you will find that those forecasts are excluding the share fundraiser and excluding the CCFF which they haven’t utilised yet. Admittedly still not great, but they can draw on an additional £422mil from the share issue and £300mil from the CCFF, so not quite running out of cash by the end of the Summer! Added to that they are talking about their own cash in those forecasts, not including customer deposits, which they keep separate.

Oceanic815, you are correct, however, I think you will find I never claimed the Share Fundraising and the CCFF were included.
All I have only shown you Jet2PLC's own words, they are not mine.

As for ringfencing customers money, well thats another reason why we have used Jet2 on many occasions for a holiday. I am very happy with their customer service, it is exemplary.

But as I said all I have done is show their own numbers and words.
and they are:
Between 12th Feb and 22nd May they will burn through c.£284 Million
to 16th July, c.£344 Million
and 1st September, c,£484 Million

Amyway you cut it, its going to be tough, I can only imagine some downsizing may be needed

Ford cortina, it was more in response to the Times article. They do like to grab a headline. The info you posted from Jet2 itself was what I had seen. I think a lot will depend on what Boris says next week. As for downsizing, it’s possible, but personally I don’t think so. When they are given the green light for holidays, I suspect the pent up demand will mean everyone is required!

Well lets hope so, it is in all our intrests that Jet2 thrive.
Here's hoping the delay at Bristol works out well.

Mr Good Cat

Just found it, here you go:
https://www.ft.com/content/4b906413-...4-2fef9b56ebf3

ford cortina

i think if the airlines aren’t flying by September then all of them will be in the same boat in terms of negative cash (own cash). Remember back to that EasyJet meeting that leaked - “if they don’t have a good summer then they might not make it to winter” - most airlines will be in the same scenario.

Irishlad06, Yes I remember the Easyjet audio well. I am sure many will be in a bad way come the end of summer if there is no opening up.
I am not bashing jet2 at all.
All I have posted is their own words. They are all there for all to see. If you are not happy with them, there is not much I can do.

Okay tom776257, I have not once said anything different. I dont quite understand why there is so much defensiveness going on here for Jet2, I am more than sure Philp Meeson is perfectly able to do just that.

All I have stated is their own words, I personally do not have any worries that they will not survive, I am sure they will. Although seeing the eliegbility for the CCFF has changed and the company are currently in a review process with Her Majesty's Treasury, it has been quite prudent to make a share issue.

I must say however, I dont share your optimism for the Government Bailing out any weak airlines, their track record would say otherwise, after all someone will take the slack up quite quicky.

There are positive signs there might be an agreement for restriction-free travel to Greece possibly as early as May. Jet2 would be well placed to take advantage of that. The UK along with Israel could even have virtually an exclusivity deal in earlier months at least.

Apparently LS are looking at going back to Chambery Airport (CMF) for winter 2021 season as well as a possible aircraft based in LGW for peak winter running charter flights to Lapland and Ski destinations. All still to be confirmed.

I agree Airport Planner1. I think there is a lot to be optimistic about now we have a credible roadmap for getting out of this dire situation. To be honest with arrival of the vaccines, despite a few jitters over variants that can be managed, it is only a matter of time. I think Greece and likely Cyprus will be on the cards this summer and if Spain pulls it's finger out we will get that as well. Being a regular visitor to Spain with interests there I will be surprised if they don't get on top of things by the summer as they won't want to lose another tourist season.

I see Chambery has reappeared on the schedule for this winter. After the weather/lack of aids/big hill in the wrong place debacles of a couple of years ago it came as a surprise. Has something changed in the procedures or are the local authorities paying jet2 to fly there?

Chambery was a new route announced last week !

New to BHX maybe but previously operated from many bases. As 2Planks stated with some operational challenges. I have no inside knowledge, but imagine if that's where the skiers want to go and you risk losing their business to a competitor if you don't fly there, then you take the risk with the operational pain to ensure the commercial gain.

As a skier with a keen interest in the area, Chambery has only one advantage, it's half an hour closer to the Tarentaise resorts than GNB and an hour or so less than GVA. Attractive to the tour ops who provide buses for their punters but the lack of public transport is a pain for the DIYers. Other than that it is an overcrowded shed with limited facilities on Saturdays. And most skiers know that when it goes wrong it goes wrong big time, normally a couple of times a season.

I spend a lot of time (As far as an ex FJ Nav can) explaining the issues of a 40 day a year airport and the unique operational challenges of the terrain and that a better ILS would not help.

Generally, I find most people skiers would rather avoid it. Putting all the investment into GNB, with a bigger terminal and apron, would get my vote. But with CMF and GNB being in different departements that's unlikely to happen. Hence, my suspicion that the incentives at CMF must be very good....

A strange choice for jet 2 in my opinion as they don’t appear to do ski holidays as such, with Chambery with its limited transport for diy

Jet 2 do provide ski holidays and in fact launched their ski programme earlier this week....check out the website for details

Jet2 do not offer any Ski holidays. They offer flights to Ski destinations but not holidays.

If you go on such sites as Neilson you'll see that you can book a Ski holiday with them and they utilise a Jet2.com flight.

Notwithstanding the merits or not STN has traditionally seen Chambery weekend flying each season by AWC with the B757 & latterly BAW with the 190 too.

Maybe the tour operators have got big seat allocations? offer jet2 cant refuse/turn away..

The commercial risk is taken away somewhat from Jet2 as the tour operators will be responsible for getting bums on seats, whilst Jet2 is paid to fly regardless of how full/empty the aircraft is.

clearly the tour operators have not chartered full aircrafts as seats are available to book direct at Jet2.com, like Fly Wild states - commercial risk is taken away/reduced

The TIMETABLE under the 'Info' heading seems to have disappeared from the Jet2 website.

yeah I’ve noticed that. Wonder if it’s because they keep changing so much at the moment.

Its quite normal now for tour operators to take allocations on flights, so one might take 30 seats, another 40 etc, and for Jet2 to sell what’s left.