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Jet2, Tui Or Ryanair?

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Jet2, Tui Or Ryanair?

Old 11th Mar 2020, 09:39
  #81 (permalink)  
 
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Originally Posted by karanou View Post
Maybe a wise move go ask the question prior posting publicly. I have it on good authority they dropped people like a hot potato. Ďafter assessing, placing in a hold pool then confirming - the job no longer existsí happy to be corrected should you find out different. Again I may be off the mark happy for you to correct me if this is the case.
Well, two guys I know in the pool havenít been told that. If true, and itís the ones with minimal experience, then I feel sorry for them. I canít see the benefit of any company dropping them from the pool. I know how it works at Company B, and the pool isnít picked from based on date of interview - they pick on suitability, experience and availability to name but a few criteria. Thereís really no benefit in taking them off file.

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Old 15th Mar 2020, 09:25
  #82 (permalink)  
 
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Originally Posted by Mr Good Cat View Post
Well, two guys I know in the pool havenít been told that. If true, and itís the ones with minimal experience, then I feel sorry for them. I canít see the benefit of any company dropping them from the pool. I know how it works at Company B, and the pool isnít picked from based on date of interview - they pick on suitability, experience and availability to name but a few criteria. Thereís really no benefit in taking them off file.
Obviously there must be some benefit to the airline to drop people out of the pool. Otherwise they wouldnít do it.

challenging times ahead for all airlines. Hopefully the negative effects donít impact any more people than absolutely necessary.
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Old 28th Mar 2020, 13:10
  #83 (permalink)  
 
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Out of curiosity, does anyone know what Jet2 are doing with their crew during this period? It's been quite public what TUI and Ryanair are doing but, unless I've missed something, very quiet from Jet2?
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Old 28th Mar 2020, 14:16
  #84 (permalink)  
 
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No news from my friend on the inside.
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Old 28th Mar 2020, 20:08
  #85 (permalink)  
 
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Originally Posted by SEBBES View Post
Out of curiosity, does anyone know what Jet2 are doing with their crew during this period? It's been quite public what TUI and Ryanair are doing but, unless I've missed something, very quiet from Jet2?
Nothing. Nobody is working apart from the odd rescue flight, but nobody has been laid off/furloughed/sent on UPL, All crews are on Home Standby or Reserve. Some are still in the SIM in Bradford as far as Iím aware.
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Old 29th Mar 2020, 10:32
  #86 (permalink)  
 
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Originally Posted by nowhereasfiled View Post
Some are still in the SIM in Bradford as far as Iím aware.
The sim centre closed the night Boris put us in lockdown(ish)

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Old 29th Mar 2020, 12:35
  #87 (permalink)  
 
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Jet 2 have a healthy balance sheet
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Old 29th Mar 2020, 13:08
  #88 (permalink)  
 
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Originally Posted by Altostratus View Post
Jet 2 have a healthy balance sheet
They won't if the lockdown lasts a few months. Paying salaries to staff is all well and good, but companies are not charities, especially as the Government has offered to step in. Sad to say, but I don't see many people going on holiday this year, it's going to be a tough ride for the Holiday Airlines.
l
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Old 29th Mar 2020, 13:32
  #89 (permalink)  
 
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Originally Posted by nowhereasfiled View Post
Nothing. Nobody is working apart from the odd rescue flight, but nobody has been laid off/furloughed/sent on UPL, All crews are on Home Standby or Reserve. Some are still in the SIM in Bradford as far as Iím aware.
Just to clarify... Jet2 staff are still receiving their normal salary?
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Old 29th Mar 2020, 15:22
  #90 (permalink)  
 
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Just to clarify... Jet2 staff are still receiving their normal salary?
- yes they are.
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Old 29th Mar 2020, 16:26
  #91 (permalink)  
 
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Originally Posted by Johnny [email protected] Pants View Post
- yes they are.
Which is going to cripple them sooner than later, if they are paying the whole Dart Group then they will soon swallow any money they have. Sadly its not good for business
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Old 29th Mar 2020, 16:39
  #92 (permalink)  
 
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Originally Posted by Brian Pern View Post
Which is going to cripple them sooner than later, if they are paying the whole Dart Group then they will soon swallow any money they have. Sadly its not good for business
Iím sure the directors of the business will be aware of how long they can continue paying what theyíre paying and Iím sure if they need to change the current arrangement to ensure the longevity of the business then they will. Theyíre not stupid....
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Old 29th Mar 2020, 17:01
  #93 (permalink)  
 
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While it is nice to see Jet2 paying their staff, they have got no money comming in, the Dart Group may still be busy as they are a logistics company, but they will not be able to prop up the company for ever. With no outside income, any airline will struggle.
Summer 2020 is as good as written off, anyway you cut it. Jet2 several years ago decided to focus on holidays, this will affect their future massively, in hindsight the Airbus expansion was not a good idea, they will be the first to go, Jet2 have massive overheads, they have their own handling, employ more people at the check In than their competitors, which is all money. This thread is about 3 large operators, sadly I think the two companies who rely on Holiday traffic will struggle to survive, if they do they will be much mich smaller.
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Old 29th Mar 2020, 17:16
  #94 (permalink)  
 
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I actually tend to think that if any company is going to come out of this well it'll be Jet2. People will be going on their two week summer holiday when this is over, whether it be this year or next. I'd not be surprised to see a busy winter 20/21 too for them and TUI. I'd expect business and city break type travel to suffer more than bucket and spade flying, and as I understand it Jet2 have a very loyal customer base and seem to major on customer service. I've no doubt that if it were permitted, Brits would still be travelling abroad now. It's in the psyche.

I don't know enough about the company to judge what will happen to the Airbuses. I do think it's only a matter of time before Jet2 joins the rest of the industry in enforcing paycuts/ unpaid leave. That seems inevitable.
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Old 29th Mar 2020, 17:27
  #95 (permalink)  
 
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Well, in 2019 the group Staff Salary costs were £412,400,000 or £35,360,000 per month (yes that is millions) all off their report and accounts.
People will want to travel, that is a given, most working people won't have any money for holidays this summer, so won't be going abroad anytime soon. However people will still travel for work and other needs, which suits the low cost operators not holiday companies.
For all everyone's complaints Ryanair are best suited to survive this and they are still paying their staff somthing at the moment.
This has the potential to put the industry back years, or even decades.
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Old 29th Mar 2020, 17:38
  #96 (permalink)  
 
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A lot of working people didnít really have the money to travel before this crisis but still found a way to! The two week summer holiday is ingrained in the British psyche and I think that is going to continue. What the yield is going to be on those holidays though...itíll be all about bums on seats I suspect. Hoteliers will be applying the same logic. I expect there to be some amazing deals to be had.

In complete agreement about setting the industry back decades.
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Old 29th Mar 2020, 17:41
  #97 (permalink)  
 
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Do Jet 2 have a chain of High Street shops to support like TUI Travel have, or is this something they don't need due to internet sales, I would be concerned about the overheads of a retail store, would a bailout cover the rental and business rates or just the staff salaries?
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Old 29th Mar 2020, 18:43
  #98 (permalink)  
 
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Originally Posted by Brian Pern View Post
most working people won't have any money for holidays this summer, so won't be going abroad anytime soon..
Really? In this industry maybe, but in the real world, many people are still working (from home) on full pay, and spending far less on things such as eating/drinking out, recreational activities, petrol and other bills. The majority of people that I know outside the aviation industry will come out the back of this with more money. None of the cars in my cul-de-sac have moved for 5 days.

I think the holiday companies will do just fine. After weeks trapped indoors, everybody is going to want their summer holiday. Winter bookings are going to be at an all time high, with many of the holidays that were booked for April-June being deferred until later in the year. As somebody else mentioned, it's business travel that will suffer as companies realise they don't need to pay extortionate amounts on J-class travel for a meeting that could take place over the phone.
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Old 29th Mar 2020, 18:59
  #99 (permalink)  
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Originally Posted by hec7or View Post
Do Jet 2 have a chain of High Street shops to support like TUI Travel have, or is this something they don't need due to internet sales, I would be concerned about the overheads of a retail store, would a bailout cover the rental and business rates or just the staff salaries?
No, Jet2 do not have any high street shops. All retail on the high street is done through independent agents who Jet2 have built up good relations with over the years. Direct bookings are through the website or call centre.
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Old 29th Mar 2020, 19:09
  #100 (permalink)  
 
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It was reported from LBA that Dart Group had a war chest of £400 million for an event exactly like this. If nothing moves, Jet2 burns through £1 million per day.

There is also £1.5 billion in cash reserves. Nearly all the ground staff and cabin crew will be getting most of their salaries paid by Rishi.

Whilst the impact will be huge, Jet2 should weather the storm.



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