Jet2 pay rises
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Decisions based on history, and the balance sheet, and the future plans for both airlines.
This isn't a competition, or a willy-waving contest... If you prefer TUI, that's fine. Their perks far outweigh those at Jet2, and the total pay you can eventually reach is higher. In terms of job security, and market resilience, most of us look at Jet2 as the safer option.
Horses for courses, and depends on your personal circumstances.
This isn't a competition, or a willy-waving contest... If you prefer TUI, that's fine. Their perks far outweigh those at Jet2, and the total pay you can eventually reach is higher. In terms of job security, and market resilience, most of us look at Jet2 as the safer option.
Horses for courses, and depends on your personal circumstances.
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As I say, depends on whether you want the ancillary stuff or the more secure job with a quicker career progression.
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Also I believe TUI have a good schedule agreement which protects the roster etc….
BUT I believe Jet2 is striving to improve lifestyle
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I done a few years in TUI, as the poster said above the roster is absolutely horrendous. I tried to stick it out, came from LoCo flying Harp and missed it within weeks. Yes they have a number of rostering agreements in place, block window is the most useful. They’ll still plan you do a 11pm ZTH home at 7am followed by a 9pm CFU later that evening. You can’t dress up charter flying, it’s sh*t.
I do think Jet2 will eventually end the airline aspect of TUI Airways, if not play a fairly substantial role in it.
Jet2s expansion into everywhere is at the expense of TUI, EDI is a perfect example. The list goes on.
All Jet2 need is a 5/4 roster or 5/3/5/4 and they’d have a very very strong package, and some form of a more concrete staff travel package. You can’t help but admire their progress, it’s not perfect but they do seem to have a lot correct.
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I remember this from my time in TUI, you folks love a hat. It got more love their nearest and dearest.
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I've done the hat with a different airline, but job security trumps everything else unless you're a young, brand new FO with little responsibility. Just IMHO of course.
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2.1b billion in debt. Debt they did clear was due to diluting the shares, and the cash flow of business decreasing over the last 12 months to the stage the business now can't hedge fuel. They're facts.
It's ridiculous to think that Jet2 isn't a safer ship to be in than TUIs.
It's ridiculous to think that Jet2 isn't a safer ship to be in than TUIs.
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The problem for Jet 2 on a 5/4 etc is you might get 4-5 flights of 2 sectors whereas at FR/Easy that would be a lot more because of the shorter duration and amount of sectors on offer. This would mean extra crew (lots of). Maybe for winter it would be an option but expectation management is always a challenge with crew
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2.1b billion in debt. Debt they did clear was due to diluting the shares, and the cash flow of business decreasing over the last 12 months to the stage the business now can't hedge fuel. They're facts.
It's ridiculous to think that Jet2 isn't a safer ship to be in than TUIs.
It's ridiculous to think that Jet2 isn't a safer ship to be in than TUIs.
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That would be a fake news. Their current financial reports state their cash flow in the bank has been decreasing over 12 months and that hedging still hasn’t restarted hence uncertainty when pricing holidays. These are issues none of their competitors have.
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TUI results
FUEL/FOREIGN EXCHANGE
Our strategy of hedging the majority of our jet fuel and currency requirements for future seasons gives us increased certainty of costs when planning capacity and pricing. Our current hedged positions for the coming winter and summer seasons are in line with our expectations. The following table shows the percentage of our forecast requirement that is currently hedged for Euros, US Dollars and jet fuel for our Markets & Airlines, which account for over 90% of our Group currency and fuel exposure.
Hedged Position* W23/24 S24 W24/25 Euro 94% 65% 25% US Dollar 90% 76% 37% Jet Fuel 94% 75% 35% *Position at 26 November, 2023
FUEL/FOREIGN EXCHANGE
Our strategy of hedging the majority of our jet fuel and currency requirements for future seasons gives us increased certainty of costs when planning capacity and pricing. Our current hedged positions for the coming winter and summer seasons are in line with our expectations. The following table shows the percentage of our forecast requirement that is currently hedged for Euros, US Dollars and jet fuel for our Markets & Airlines, which account for over 90% of our Group currency and fuel exposure.
Hedged Position* W23/24 S24 W24/25 Euro 94% 65% 25% US Dollar 90% 76% 37% Jet Fuel 94% 75% 35% *Position at 26 November, 2023
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