This thread is a wind up. :cool:

Share prices matter to companies that have shares scattered amongst the financial community (a well known collection of cowardly-quickfix-cut'n'runners). By far the majority of Airtours shares are owed by individuals who have a vested interest in the Group's future growth on a long term basis.

Presently, due to a delayed expansion program, Airtours has a good deal more slack and resource than any of its competitors. So those who are concerned about the airline(s) controlled by Airtours need fear little from the harbingers of gloom as they obviously benefit little from Airtours' success and wish to spread rumours in the vain hope of damaging Airtours moral.

One should spend little time reading stuff by any organisation that cannot even spell Airtours. :p

I would rather be working for Airtours at the present time than a lot of the opposition. T would suggest that the hardest hit are going to be those airlines that do a lot of subcharter work for the likes of Airtours. I have left a message with my stockbroker to buy Airours shares on first trading Monday.

RN, Some other three letter airlines base there buissness plan on having no flying in the winter, and also have no exposure to the US market.

I think that the hike in the Airtours share price today just proves what a stupid ill informed wind up this thread has been and exposed it for the complete load of b**locks that it is!
Now SHUT IT!!

Found this at Telet ext.co.uk NEWS STORY




GROUP WILL NOT RULE OUT CUTS
Manchester-based travel operator Airtours has warned job losses cannot be ruled out in the wake of the terrorist attacks in the US.

Chief executive Tim Byrne said: "I don't think you can rule out job losses - we will do what we have to in these circumstances to tighten our belt."

The group revealed earlier the attacks had already cost it £10m.


RECEIVED: 24/09/01 17:37:25

Sorry :confused:

OK "spannersatcx" point noted. However, I'd postulate that NO CARRIER can give complete assurances about pilot employment in these troubled times.

AIH has stated that job losses (anywhere in the group) would be a last resort, and for that all AIH employees should be very grateful. I'll bet that other scheduled and charter companies wish they could have made a similar positive statement, instead of those announcing "downsizing".

AIH is a VERY shrewd organisation, and is better placed than ANY other holiday company to weather this storm.

AIH has fuel prices hedged for next year, a limited committment to beds for the upcoming season, and staffing levels that would allow a 20%+ reduction in demand. (ie. the extra flying that currently goes to AAM,BY,MON, JKK...etc. would have to disappear before AIH starts to suffer any reduction in workforce.)

Not ideal, and no good for competitors, but AIH is stronger than PPRune seems to think!

Has anybody spotted which company had an
18%+ rise in it's value today?

And only this last summer season, did they have the need to take on at least 500+ cabin crew for manchester alone!! How much work do they have??? Imagine the other bases around the country!! How many other operators take on that many seasonal crew and still sub out to the others??? :D :D :D :D :D :D :D :D

[ 24 September 2001: Message edited by: EGCC24L ]

It amazes me sitting here that there are certain people who seem to be gaining so much pleasure from the fact that the airline industry is in a precarious position. Everyday i am hearing of another airline with it's back supposedly against the wall, and long after your mouths have stopped watering on these pages the sad fact of the matter will be that there will be many thousands of good men and women out of work with very few options. I have to go now as there are shadows from the vultures above my head. :rolleyes:

Shouldn't be that surprising, Loupy. The German word is "Schadenfreud" I think, the taking of enjoyment from other people's misfortunes. All of us have a shadow side, and much though we like to deny it, there's psychological evidence to show there's usually just a teensy weensy tingle of excitement when our friends get into trouble.......