Ryanair accounted for an extra 17,000 people in August 2008 - the lowest load factor of ANY route was 78% and that was BFS - a high yielding flight.

And nobody can come on here and say "it's all about revenue" because the 3 airlines flying from BLK DON'T charge stupidly cheap fares from the airport! Jet2 fares to the Costas can reach eye watering levels and they still sell!

For a summer of doom and gloom, the airport and the three airlines must be congratulated on some fantastic figures, whatever some people think.

P.S. Those 17,000 people were COSTING BLK more than they were making.:ok:

MUFC - you are right - its not all about revenue. its about PROFIT. the sooner people on here get to grips with some basic economics and stop thinking airlines are like giant fllying clubs the better.
andto say we've had a good month (who said it, was it max cliffords protige sue kendrick?) is ridiculous and nothing more than pr bullsh1t

Blackpool Figures
 

Sory East Lancs Malaga is not just a holiday airport, a lot of business people and VFRs (visiting friends and relatives) use the airport on internal flights to many airports in Spain and also the Canary Islands (Spain is a big country) and to neighbouring countries. We dont just get the Jeremy Kyle types thank God. I wasnt trying to compare Blackpool with any other airport just trying to be realistic.

Posted by MUFC fan
Totally agree.

It should be noted that Jet2 carried 3.3% MORE passengers to Spain and Portugal in August than the same month in 2008 and these are the services that both the airport and the airline are making money on.

dada, take all the economics you like out of it, its to do with how a business works and, yes, profit is important but the MOST important factor for a business is reaching certain targets:

2:1 current ratio

1:1 acid test ratio

The closer to these figures the better - whatever happens with profit - these two are the most important and life saving factors for any business

Sorry MUFC but you'll have to explain that a bit better. Ratio of what to what?

Sorry:

The 2:1 is the current ratio:

current ratio Definition

The 1:1 is the acid test ratio:

Acid-Test Ratio

If the figures are so good, then why are we loosing Ibiza next year?:ouch:

Also MAH.

Low fares and not the highest of loads. JER will have a much gross profit margin.

Perhaps a reason for the cut in the IBZ and MAH routes is that these two destinations MAY be more suited to Inclusive Tour holidays than any of the other Jet2 sunshine routes. Maybe sales of 'package' holidays is not very strong.

Just a thought.

Good point, that may be the case and seat only fares were also very low for the high season suggesting low yield.

Focusing on MAN may also have something to do with it.

I am sure that was the total problem. Everything was ticking over nicely considering the present climate, until FR thew their MAN toys away.

To be honest, I don't blame them. There is still a lot of money to be made out of Manchester and I wish them the best of luck out of the airport (as long as it doesn't affect BLK too much!):ok:

MUFC fan
 

Could you explain what "a much gross profit margin" is please.
Don't bring any of that ratio BS into your answer......

Rgds
The Moss:ok:

I'm sorry but if people want to talk about monies involved then they should know what they are talking about! Go down to London and tell the business execs that those ratios are "BS." You would be laughed at.

Say Jet2 make £1m profit in 2009 (theoretical) yet they have taken a loan of £10m out (theoretical) to get that £1m, then it isn't a good year for the company but people on here are just simply looking at profit!

Firstly I apologise - I meant much HIGHER gross profit margin. A net profit margin is not calculable when dealing with airlines per flight. NET profit is after the company has paid EVERYTHING off and whatever money is left is NET profit. GROSS profit is when the DIRECT costs of production (fuel, crew, ATC fees) are paid yet the electricity bill and staff travel at HQ is not.

Sorry if it is confusing but nobody said business was easy and for some people on here to mention it is about profit is incorrect in terms of running a business.

Thanks:ok:

Ernest:

I don't think Jet 2's decision to expand at MAN was entirely based on Ryanair withdrawing. The announcements were too close together. Whilst I am sure MAPLC would have had some indication of what was coming up, I reckon J2 had made the decision some time before.
The press about the 3rd aircraft was I fear just that - good PR.

The thing with JET2 and the cost of heating the office et al, is that it is or should be divided from the profits of all it's routes and bases and not just BLK.

MAN could be more profitable to JET2 because of it's larger volume, yet BLK could be more profitable per flight due to higher fares and less overheads.

So net profit could be higher at BLK, and gross profit much higher at MAN.

MUFC fan
 

Thank you for correcting yourself. Lectures are unnecessary; I thought I was going to have to go searching for that w**nker smilely that doesn't seem to be available on this board;) Now that you've straightend up my understanding of aviation and indeed business in general, I'll go and get my head down while you trawl a few more stats 4' us.

Rgds
The Moss:ok:

when it comes to the crunch in business, one question is always asked

whats the bottom line

PROFIT

And ... What's the return on investment.