Jet2, Tui Or Ryanair?
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Well, two guys I know in the pool haven’t been told that. If true, and it’s the ones with minimal experience, then I feel sorry for them. I can’t see the benefit of any company dropping them from the pool. I know how it works at Company B, and the pool isn’t picked from based on date of interview - they pick on suitability, experience and availability to name but a few criteria. There’s really no benefit in taking them off file.
challenging times ahead for all airlines. Hopefully the negative effects don’t impact any more people than absolutely necessary.
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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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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 I’m aware.
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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
l
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Just to clarify... Jet2 staff are still receiving their normal salary?
Originally Posted by Johnny [email protected] Pants
- yes they are.
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I’m sure the directors of the business will be aware of how long they can continue paying what they’re paying and I’m sure if they need to change the current arrangement to ensure the longevity of the business then they will. They’re not stupid....
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.
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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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.
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.
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.
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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A lot of working people didn’t 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...it’ll 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.
In complete agreement about setting the industry back decades.
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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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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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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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.
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.
As generous as JfP makes them sound, all J2 have done at the moment is to pay March salaries in full. Much as I would like to think they will keep paying my full salary, the sensible thing to do would be to keep as small a skeleton staff of management and engineers as possible on a reduced salary and furlough everyone else. When an upturn eventually comes they can unfurlough the trainers, get people current in the sim whilst still furloughed (which is allowable under the government rules) and then bring people back onto salary as the flying programme requires.
Not doing something like that and taking any help available whilst it is available would appear to be very bad business sense... I’d rather be paid £2500 per month by the government and still have a job at the end of this than getting my full salary and see the company fold or have to make compulsory redundancies later.
Noticeably the Tui group has already had 1.8 Billion euros from the German government. Whether any of that filters to Tui UK I don’t know, but they have already put staff on half salary and stopped all training courses for those recently recruited.
Not doing something like that and taking any help available whilst it is available would appear to be very bad business sense... I’d rather be paid £2500 per month by the government and still have a job at the end of this than getting my full salary and see the company fold or have to make compulsory redundancies later.
Noticeably the Tui group has already had 1.8 Billion euros from the German government. Whether any of that filters to Tui UK I don’t know, but they have already put staff on half salary and stopped all training courses for those recently recruited.
