BA and JET2 secret meeting in Leeds

[dixi188]

If PM is still a large shareholder I guess he may be looking to cash in by selling his stake. He must be around 80 by now.
I havn't worked for EXS since 2005.

[Mr Good Cat]

Originally Posted by dixi188

If PM is still a large shareholder I guess he may be looking to cash in by selling his stake. He must be around 80 by now.
I havn't worked for EXS since 2005.

75 I think, and seems he has no plans to cash in yet and is staying close to the nerve centre in a mentoring/advisory role. Something which makes me feel a little better.

[beardy]

Originally Posted by dixi188

If PM is still a large shareholder I guess he may be looking to cash in by selling his stake. He must be around 80 by now.
I havn't worked for EXS since 2005.

On the 13th July this year he bought 15000 shares, he still owns over 18% of the company and is the largest shareholder.

[Sh02]

Just seen on LinkedIn that Jet2 are hiring customer helpers at Gatwick airport? Looks like something is going to be announced then?

[Charley B]

Could this possibly be for their Ski flights,they did these flights last winter from Gatwick ?

[Sh02]

Originally Posted by Charley B

Could this possibly be for their Ski flights,they did these flights last winter from Gatwick ?

It looks to be a full time position not fixed term. If it’s just for the winter wouldn’t it make more sense for them to just use a contractor already operating in the airport?

It could be something, could be nothing. Time will tell…

[Del Prado]

Originally Posted by beardy

Jet2 benefit greatly when TUI don't cut prices(in order to preserve their margins). TUI are present in many markets whereas Jet2 rely on the UK. So far the UK market has held up well, the same can't be said for some of TUI's markets.

Flip side to that is, most of the income is in £ and a large part of the outgoings are in $. £ is low and still falling. An over reliance on the U.K. market isn’t really a boon.

[pax britanica]

Based on service Jet 2 ought to take over BA , TUI cannot come close to them like for like but TUI are a much bigger entitiy in terms of multiple countires and wider ranging products.

Easyjet are often no cheaper than BA by the time everying is added on excpet for some promo fairs at odd times of day.

[beardy]

Originally Posted by Del Prado

Flip side to that is, most of the income is in £ and a large part of the outgoings are in $. £ is low and still falling. An over reliance on the U.K. market isn’t really a boon.

True, but it's not much different for the euro/dollar rates. Jet2 don't rely on the UK market, it is their market.

[2Planks]

Originally Posted by Del Prado

Flip side to that is, most of the income is in £ and a large part of the outgoings are in $. £ is low and still falling. An over reliance on the U.K. market isn’t really a boon.

And a lot of TUIs income is in Euros, the euro has followed a similar trajectory to the pound in relation to the dollar.

[Del Prado]

Originally Posted by 2Planks

And a lot of TUIs income is in Euros, the euro has followed a similar trajectory to the pound in relation to the dollar.

Since the 2015 event, Euro has gone from 1.11 to 1.05 against the $.
£ has dropped from 1.53 to 1.21 but I guess it depends on your timescale.

/sorry, off topic.

[bean]

Originally Posted by Del Prado

Since the 2015 event, Euro has gone from 1.11 to 1.05 against the $.
£ has dropped from 1.53 to 1.21 but I guess it depends on your timescale.

/sorry, off topic.

1.53 was pre brexit. Pound has been nowhere near 1.53 since June 23rd 2016

[Del Prado]

Originally Posted by bean

1.53 was pre brexit. Pound has been nowhere near 1.53 since June 23rd 2016

That’s what I mean and that’s what I said (ok 2016 not 15 - fat fingers!)
Just lamenting Brexit really and the financial penalties faced by so many businesses in the UK, and airlines more than most.

anyway, I’m sure there’s a better thread for me to bring this up on. 😉