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.

The sim centre closed the night Boris put us in lockdown(ish)

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.
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Just to clarify... Jet2 staff are still receiving their normal salary?

- 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

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.

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.

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.

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.

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?

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.

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.

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.

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.

In that case, I would presume that Jet2 will be more able to weather a prolonged hiatus than the traditional vertically integrated tour operators.

Brian I seem to remember you were getting a little stressed out about the airbus a few months ago.

When the airline starts up again I can assure the airbus will operate, the company wouldn’t of continued training flights till the day after the final holiday customers returned home.

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

All airlines big or small are in trouble, the government will need to choose who they rescue with furlough etc.

But Jet2 have money in the bank, which will hopefully see it through these uncertain times.
which of course the government can assist with its managed return to the sky.

The way I see it is it will be 3 winter costs in a row, Then the return of airlines and holiday companies for Summer 2021, whoever survives will prosper massively. And who says the company will focus on holidays only on its return? Flybe have already left a big gap in the market.

The Gimp

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.