Jet2, Tui Or Ryanair?

[Rt Hon Jim Hacker MP]

Originally Posted by AIMINGHIGH123

I’m not fully up to speed with Jet2 latest but I thought the travel side barely made any profit anyway?

Distribution side will be doing even better now.
Cargo is massively important at the moment.
BA flights are still only really operating because of the cargo side of things same as EK.

What a load of tosh. Before posting garbage perhaps you should have a read of the Dart Group Annual Report.

[GKOC41]

Originally Posted by Brian Pern

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.

There's always one doom and gloom merchant. Airbus expansion after a major rival went bust why not. No one saw this coming. The Staff will remember they got paid. Time to furlough now and batten down the hatches and be ready to start again. Good luck and be safe J2

[Normal Pilot]

Still nothing from J2 management regarding what their plans are from what I've heard.

[LBAflyer22]

Originally Posted by Brian Pern

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.

And a good chunk of that is made up of seasonal staff - resort staff, ground operations and seasonal cabin crew. All of which will not be paid as they are probably reducing the levels of staffing required (not bringing back staff, not recruiting for the season etc). All this will drastically reduce the wage bill which i suspect spikes during the May-October period.

[Bam Thwok]

But the “Rt Hon” Gentleman is correct....... have a look of the company’s results for over the last 10+ years.
The “distribution” side (namely Fowler Welch..... TRUCKS) is successful, but generates a fraction of the profits compared to the airline and holiday company.
The “airline” hasn’t flown freight for some years now, and even then, was limited to Royal Mail contracts after the Channel Express A300’s went.

[Johnny F@rt Pants]

Excrab

As generous as JfP makes them sound, all J2 have done at the moment is to pay March salaries in full.

I merely answered the question, it was in no way meant as making them sound generous, merely fact. I suspect that it won’t be long before we hear about the battle plan and discover our financial fate, the benefit we have had is time as has been reported, Jet2 have a decent chunk of ££ in the bank, so they haven’t had to knee jerk like others have.

It would make perfect sense to make as much use of the Government’s furlough scheme to save a large proportion of the salary bill, I feel sure that will come to most.

[Flying Wild]

All Jet2 crew have been furloughed with immediate effect. Backdated to their last flight. No information on any uplift on the Govt scheme as yet.

[Johnny F@rt Pants]

Backdated to their last flight

Duty, not flight. Any duty counts.

[Flying Wild]

Originally Posted by Johnny F@rt Pants

Duty, not flight. Any duty counts.

My bad, the letter must have taken pointers from Ryanair though. It provided a whole lot of nothing, whereas other airlines have been able to provide concrete information to their crews so they at least can plan for the next few months. Jet2? Just keep on waiting...Hardly working together as one team is it?

[Bam Thwok]

Originally Posted by Flying Wild

My bad, the letter must have taken pointers from Ryanair though. It provided a whole lot of nothing, whereas other airlines have been able to provide concrete information to their crews so they at least can plan for the next few months. Jet2? Just keep on waiting...Hardly working together as one team is it?

I look at it differently.....
PM and SH are applying their characteristic “modus operandi” in reacting to this crisis.
That is, a pragmatic, measured approach and NOT rushing in.
The letter, however vague, is only the first stage of this process but was required legally so as the company can now claim under the Governments “furlough” scheme.
It states that we will soon have further information of how that will effect us all “ individually”.

The meat on the bones will be made clear to us soon enough and I’m sure there will still be more questions to answer..... however, remember this could be a whole lot worse. Think of all those who were with FlyBe or with Thomas Cooke !

I, for one, was already planning for this. Realistically though, I’m planning for a lot longer than “the next few months”.

[Big X]

Whilst I don’t disagree that there is more to come from the company on this. I think the general feeling among the troops on the front line is that it has not been executed or communicated very well. The letter we received was vague at best and requires a little reading between the lines to find a glimmer of hope that there will be a financial uplift on top of the £2500 paid by the Job retention scheme.

We have had OSI’s telling us everything is ok, we are financially well placed. Philip allegedly wandering the crew room saying we can go for 400 days without any Ops. Followed by a period of silence and then a letter saying sorry your now being furloughed.

As I said I’m also expecting more from the company but it would have been nice to have been given more information yesterday. It smacks of the usual Jet2 HR cock up with information slowly being drip fed while staff are sat at home waiting and worrying.

[sloping_roof]

Big X I couldn't agree more!

We have had OSI’s telling us everything is ok, we are financially well placed. Philip allegedly wandering the crew room saying we can go for 400 days without any Ops. Followed by a period of silence and then a letter saying sorry your now being furloughed.

I think it has been handled very badly by an airline that is promoting the strapline "Jet2cares". It might all turn out alright, but at the moment PM doesn't appear to care very much about his staff who are all sat at home wondering how they are going to pay their mortgages.

[Flying Wild]

Originally Posted by Big X

Whilst I don’t disagree that there is more to come from the company on this. I think the general feeling among the troops on the front line is that it has not been executed or communicated very well. The letter we received was vague at best and requires a little reading between the lines to find a glimmer of hope that there will be a financial uplift on top of the £2500 paid by the Job retention scheme.

We have had OSI’s telling us everything is ok, we are financially well placed. Philip allegedly wandering the crew room saying we can go for 400 days without any Ops. Followed by a period of silence and then a letter saying sorry your now being furloughed.

As I said I’m also expecting more from the company but it would have been nice to have been given more information yesterday. It smacks of the usual Jet2 HR cock up with information slowly being drip fed while staff are sat at home waiting and worrying.

Don’t get me started on the farce of social media informing staff of destination closures. That an email couldn’t be sent out at the same time to keep all informed shows a major failing in leadership and communication.

[Kirks gusset]

With BA crews accepting a 50% pay cut it kinda sets a benchmark..maybe Jet2 will make up the difference to take the crews to 50%...On the other hand, as BA is reducing the cabin and ops costs this may influence their generous offer.. tough times ahead for sure..

[Jcmcgoo]

I’m at one of the three named airlines, and I consider that each will react to the challenge in its own way. They are clearly three different entities, vastly differing cultures and their reaction to their latest threat will give clear indication to how they value their respective staff.

I have personally been quite impressed by the timely reaction from my own company. The company and the union working hand in hand. Between them they did manage to put many minds at ease a few weeks ago now. .My own company moved relatively quickly and we able to announce their plans going forward at quite an early juncture. The company worked closely with trade unions and it is my understanding both were on a similar page through debate to reach short term solutions to current challenge

This has changed and amended slightly since, due an award from a govt on the continent which provided no small means of security for the business, and then moves by our own U.K. govt. I can’t speak for everyone at my company, certainly no spokesperson, however from an individual viewpoint, their response for me was timely, considered, changeable to suit the ongoing situation and showed no small means of humility to employees. There was a fair display of leadership thrown in for good measure too. I’m sure you will, in any company, find those who wouldn’t be happy. But that’s just a fact of life.

Id suggest, with balance, the other two companies reacted differently. But this would no better nor worse, more simply be in line with their best efforts to secure the company going forward. It may give an indication to how employees are valued by the respective company and give some indication to the strength of their financial situation but more importantly going forward then I hope everyone is safe and some idea of Career security.

it is of course possible that things will look remarkably different once we come out of the other side of the current situation. But at the moment it’s good that everyone has an idea of the forward plan.

Good luck stay safe.

[banterbus]

Originally Posted by sloping_roof

Big X I couldn't agree more!

We have had OSI’s telling us everything is ok, we are financially well placed. Philip allegedly wandering the crew room saying we can go for 400 days without any Ops. Followed by a period of silence and then a letter saying sorry your now being furloughed.

I think it has been handled very badly by an airline that is promoting the strapline "Jet2cares". It might all turn out alright, but at the moment PM doesn't appear to care very much about his staff who are all sat at home wondering how they are going to pay their mortgages.

I couldn't disagree more. We are financially well placed, and at no point have they said that this situation is OK. Why wouldn't they furlough us?? They would be insane not to. I'm surprised you didn't see that one coming!

I think our company has handled this very well; I appreciate the fact that this can't be a simple thing to sort out. I would much rather any decisions made by our management are considered, and as effective as possible to ride this out with all jobs intact.

Then put yourself in their shoes, they must be playing out an incredible amount of possibilities right now. What happens if this continues into Autumn? What is the outcome at our popular destinations? What about training and currency for each scenario? etc etc. The contingencies for the company must be endless, and as we have been told, the priority is to be ready when this blows over, for the inevitable pent up demand that is going to be there for the taking.

It is clear to me that they are soon to come to an agreement that is not going to be just the standard furlough amount, and we should remember that there are a lot more pilots working for other airlines in different countries that are not going to be looked after like this - you should be grateful.

Maybe this is a wake up call to those that maybe over-stretch themselves financially. Go and speak to a financial advisor about how much accessible cash one should hold on to for these kind of eventualities.

Have faith in an owner and CEO who do actually care about the company!

[MrKipling]

Crewing Gimp:

People want to go on holiday, and will remember what Jet2 did to get them back home over the last month.

Might want to go on holiday; but will they book holidays straight out of the gate as countries re open their borders? Can they afford holidays? There wont be many pilots going on holiday after this any time soon. I like your optimism though.

I also think Jet2 didn't come out of this looking too shiny either just reading the press and news sites. Jet2 and Easy both got a bit of a slating, rightly or wrongly.

Anyhow, best of luck to all, I feel you are going to need it.

[rotorwills]

Holidays will be the last thing that regular people will have any money to spend on this year. It's a complete economic disaster which is happening all around us. He can appear to be optimistic but let's try and remain balanced somewhat. Yes our industry appears to be being hit hard right now, but you have to realise that other than some service industries and the food provision trade the rest is severely damaged every day we have this lockdown. The world is being changed and here we have delusions of potential holiday makers rushing to take up space in one of our aircraft being proposed by some. Oh dear says a lot for some of our esteemed colleague posters.

It appears to me that this bug is about to devastate the world we know and the future, well I'm not sure our politicians are suited to extract us in the best manner. Condolences to all family's losing their loved ones at this terrible time.

[flocci_non_faccio]

People will still go on holiday. Brits always find the money to get away in the summer. It absolutely will be seen as a priority, as soon as restrictions are lifted. There's also going to be a huge impetus behind efforts to get tourism going again in Spain, Greece etc. Business travel and city break type flying will suffer, but I suspect package holiday companies will come out of this bruised and battered but not terminally wounded.

It appears to me that this bug is about to devastate the world we know and the future, well I'm not sure our politicians are suited to extract us in the best manner.

The reaction to this virus will prove in time to be the most catastrophic overreaction imaginable. There seems to be a notion floating around that life must be saved at all costs. The harsh reality is that life does have a monetary value attached to it. President Trump is the only politician so far who seems to have been brave enough to acknowledge that at some point the balance is going to tip and we're going to have to get on with our lives, even though doing so is going to cause deaths.

[Vokes55]

Originally Posted by The Foss

It certainly feels like that when all of your colleagues and a lot of friends are in the dire situation aviation has found itself in.

However I played an online poker tournament last night with old school friends and all 9 of them in completely different jobs are working as normal from home, full pay no sign of any economic loss (in fact saving money as they haven’t been spending on anything). There will be plenty people who come out of this fine and will want to travel as soon as they can.

Likewise. The majority of my closest friends will come out of this with more money than they would’ve done, with expenditure on gym memberships, weekly golf hacks, petrol, sky sports, beer, curry nights and every other recreational activity all going into savings/holiday fund accounts instead.

Judging by the doom and gloom on this forum, I’d say the majority of members either have no friends outside of the aviation industry or have spent the majority of their new found free time watching the news.