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Old 10th Jul 2021, 08:15
  #141 (permalink)  
 
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Brian Pern

I borrowed significantly more than I earn in order to finance my house, as Do most of the U.K. mortgage market I’d suggest. It’s how debt works. You’re only in trouble when the debt becomes unmanageable or unserviceable. Neither you or I, or anyone on here knows the point at which that will become the case with Jet2 (unless you are their CFO).
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Old 10th Jul 2021, 08:17
  #142 (permalink)  
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OhNoCB

Well said, the company is essentially banking that stockpiling cash now (through cheap debt) it will be in a position to emerge from this pandemic in a position of strength and be able to expand rapidly in the recovery. Will it pay off? I don't know but it has a couple of advantages:

Space for expansion in the UK (BRS being the first example), strong customer loyalty both before and through the pandemic due to their quick refund response.

In my opinion they lack any real competition in what they do so do not fear a collapse anytime soon, TUI are indeed a behemoth but have so many plates to keep spinning I'm not sure they can focus on flight/package enough to ever really hurt JET2 and the proposed easyJet holiday expansion has probably been delayed by the stresses of the pandemic. On the beach and all of these holiday sites will have been devastated by the pandemic and their initial poor response to customer refunds I think both TUI and JET2 will essentially absorb their customers in house over the next few years.

Hopefully greener times await us all.
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Old 10th Jul 2021, 14:20
  #143 (permalink)  
 
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Looking forward to the greener times. I definitely need a holiday.
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Old 14th Jul 2021, 08:25
  #144 (permalink)  
 
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Whitemonk Returns

I hope the last sentiment is right however; I think if you think they have no real competition in their sector now, is, with respect, misguided, There is probably more competition for holiday type flying than ever before. You have the big boys eying up this business right now like BA in the UK and the likes of Wizz who seem to have been throwing cash about, plus potentially new starters. Not to mention Easy who were already dipping an orange toe into the polluted water.

With cheap aircraft and crews on sale now is the time to start your budget airline.
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Old 14th Jul 2021, 10:11
  #145 (permalink)  
 
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Which of course is easier said than done.

A good friend of mine has access to two 73 Classics, in reasonable condition, he can even get an AOC, making it work however.....
I've been involved in the start up of one airline, I wont make that mistake again.

I am sure though, Ryanair, with Buzz, Lauda and Malta branding will be looking at the UK market, Easy, Wizz etc and if so it could be come very tough and saturated soon.
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Old 14th Jul 2021, 11:50
  #146 (permalink)  
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High Viz Vest

Flight only then I agree with you, but TUI and most definitely JET2 are not competing with RYR/WZZ etc, it would be pointless when they flood the market with 9.99 flights, they would get killed. Full service package holiday customers are what the first two will be filling their airplanes with over the next decade and in that respect they have very little to no real competition apart from each other, and thankfully there is enough space for them both to thrive.

Interesting that RYR have announced the intention to recruit 2000 over the next three years and WZZ have started interviews too. Hopefully all will have an opportunity to get back in the air over the next 12 months
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Old 15th Jul 2021, 18:20
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Do Ryanair make money by training pilots? I guess there will be large numbers of boys and girls at training establishments standing in line with money to pay one last time to live the dream, nightmare.

Good luck all
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