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-   -   Jet2 pay rises (https://www.pprune.org/terms-endearment/656368-jet2-pay-rises.html)

Mr Good Cat 17th Dec 2023 10:01


Originally Posted by Vokes55 (Post 11557042)
Why on earth would you leave TUI for Jet2 for job security?

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.

Boeing 7E7 17th Dec 2023 13:36


Originally Posted by Mr Good Cat (Post 11558111)
Their perks far outweigh those at Jet2, and the total pay you can eventually reach is higher..

What perks are these? Not trying to compete. Just better understand. Allowance towards a TUI holiday?

Mr Good Cat 17th Dec 2023 16:07


Originally Posted by Boeing 7E7 (Post 11558203)
What perks are these? Not trying to compete. Just better understand. Allowance towards a TUI holiday?

Yes, and a uniform hat and the day off payments etc. Maybe TUI have better medical and LOL cover as well.

As I say, depends on whether you want the ancillary stuff or the more secure job with a quicker career progression.

Basicsteve 17th Dec 2023 16:11


Originally Posted by Mr Good Cat (Post 11558257)
Yes, and a uniform hat and the day off payments etc. Maybe TUI have better medical and LOL cover as well.

As I say, depends on whether you want the ancillary stuff or the more secure job with a quicker career progression.


Also I believe TUI have a good schedule agreement which protects the roster etc….

BUT I believe Jet2 is striving to improve lifestyle

dhc1180 17th Dec 2023 20:15


Originally Posted by Basicsteve (Post 11558258)

BUT I believe Jet2 is striving to improve lifestyle

which is a lot more than what can be said about other airlines at present!

Bradley Hardacre 17th Dec 2023 20:27


Originally Posted by Basicsteve (Post 11558258)
Also I believe TUI have a good schedule agreement which protects the roster etc….

This is an attempt at humour isn't it, when I worked at "Thomson" my roster was appalling.

MrWhitty 18th Dec 2023 00:09


Originally Posted by Boeing 7E7 (Post 11558203)
What perks are these? Not trying to compete. Just better understand. Allowance towards a TUI holiday?

Pre 2013 15% pension, post its 11% from them. Private medical insurance, loss of license, death in service, money towards a holiday tops out at £2000 after X amount of years. They have an opportunity to get late seats/accommodation in hotels/cruises and a few other bits and bobs. That’s where Jet2 will fall behind in compared to TUI.

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.

MrWhitty 18th Dec 2023 00:13


Originally Posted by Boeing 7E7 (Post 11558203)
What perks are these? Not trying to compete. Just better understand. Allowance towards a TUI holiday?


Originally Posted by Mr Good Cat (Post 11558257)
Yes, and a uniform hat and the day off payments etc. Maybe TUI have better medical and LOL cover as well.

As I say, depends on whether you want the ancillary stuff or the more secure job with a quicker career progression.

A hat?
I remember this from my time in TUI, you folks love a hat. It got more love their nearest and dearest.

Mr Good Cat 18th Dec 2023 07:47


Originally Posted by MrWhitty (Post 11558427)
A hat?
I remember this from my time in TUI, you folks love a hat. It got more love their nearest and dearest.

I'm not TUI myself. Just comparing the little bits that seem to make some people prefer one over the other.

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.

Vokes55 21st Dec 2023 09:58


Originally Posted by Basicsteve (Post 11558072)
Unfortunately you can’t hide from the facts , I hope TUI remain and continue to stick around as it’s good to have some competition!

Which facts are these? I haven’t seen many facts in this thread.

MrWhitty 21st Dec 2023 10:59


Originally Posted by Vokes55 (Post 11560304)
Which facts are these? I haven’t seen many facts in this thread.

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.

Twiglet1 21st Dec 2023 12:47

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

Chesty Morgan 21st Dec 2023 14:17


Originally Posted by Vokes55 (Post 11560304)
Which facts are these? I haven’t seen many facts in this thread.

Including your "fact" that most people choose Jet2 to be close to home...

double-oscar 21st Dec 2023 21:18


Originally Posted by MrWhitty (Post 11560352)
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 is true that TUI didn’t want to spend money on hedging during the pandemic but cash flow is much better now and so it has resumed its normal hedging policy.

MrWhitty 23rd Dec 2023 22:07


Originally Posted by double-oscar (Post 11560583)
It is true that TUI didn’t want to spend money on hedging during the pandemic but cash flow is much better now and so it has resumed its normal hedging policy.

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.

t-bag 25th Dec 2023 08:00

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

Jonty 25th Dec 2023 09:51

How did we get from Jet2 pay rises to TUI fuel hedging policy?

redsnail 25th Dec 2023 09:56

Standard PPRuNe thread drift. ;)

double-oscar 25th Dec 2023 10:36

And possibly because some people at Jet2, when given an opportunity, always like to present a negative view of TUI.

VariablePitchP 25th Dec 2023 12:55


Originally Posted by double-oscar (Post 11562115)
And possibly because some people at Jet2, when given an opportunity, always like to present a negative view of TUI.

But a 26% S25 fuel hedge means that they can’t go bust

:zzz:


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