Jet2 Share Discussion Threads

[rackersthedon] 27/3/2024 20:23

Poor wrongo. Been crucified on the sfor thread for his atrocious calls know it all attitude and out and out lying. His stop out here in Jan at 1220 also rang the bell for the lows. Credibility zero for the poor lad.

[tongostl] 27/3/2024 20:16

Are we due a trading update any time soon?

[gripfit] 27/3/2024 13:42

Needs to break 14:30£

[tp6] 27/3/2024 13:00

Boh a good move, parking tanks on Tui's lawn again. Good to have a little outpost on the south coast as well. A bit of operational resilience, good place for tech diverts, keeping a standby aircraft etc..

[scaff55] 27/3/2024 10:21

You can see the way the share price is behaving it's going to move quick and Big ,,,and it won't be down.. Sitting at £14.22. Let's See. Come on J/2

[bigbigdave] 27/3/2024 07:54

COUNTDOWN ALERT! ⏰

Just one day left until the grand opening of our brand new UK base at Liverpool Airport ✈️881;

Get ready for an exciting journey ahead. Stay tuned for all the action-packed updates.

[eigthwonder] 27/3/2024 07:47

If my memory is right, that’s nice symmetry about Bournemouth - it’s where they used to land the cut flowers from the Channel Islands when they started out as Dart Group.

[albert35911] 26/3/2024 14:16

Lucky for Bournemouth jet2 best of the top 3,

[scaff55] 26/3/2024 14:06

Jet2 has announced it will fly from a southern airport for the first time in its history.

The airline currently flies from airports across the country, but has never flown from an airport south of London.

Today, Tuesday 26 March, Jet2 confirmed it will make Bournemouth Airport its 12th base, and will launch 16 routes from April 2025.

Jet2 is currently the UK's third-biggest airline and largest tour operator in the country, and said the move was to match demand from the South of England.

The decision will support independent travel agents across the region, the company said, who have been asking the airline to fly from the south for 'years'.

It will also mean Bournemouth Airport needs to be expanded to accommodate hundreds of thousands more passengers each year.

[scaff55] 26/3/2024 13:53

Two aircraft to be based at Bournemouth, 15 routes. And looking to expand Quickly

[trying2trade] 26/3/2024 07:15

Two aircraft to be based at Bournemouth, 15 routes.

[angus mcoatup] 25/3/2024 22:24

https://x.com/ryanair/status/1772257678846288115?s=46&t=BR3KgwcKzWo20UZxCRUrFQ"Hopefully we'll have no delivery delays in 2025". Hopefully I'll win the lottery on 2025!

[angus mcoatup] 25/3/2024 22:03

O'Leary thrown his toys out off the pram with Boeing ?.

[trying2trade] 25/3/2024 20:52

Rumours of a Jet2 base at Bournemouth? Wouldn't be my pick, Southampton's extended runway be a better option surely?

[castleford tiger] 25/3/2024 18:47

Trade still running

[bashor] 25/3/2024 14:08

Within 12 months this should re rate, I’m just waiting for the new ISA year to add

[castleford tiger] 25/3/2024 11:04

In for a trade under 1390

[trying2trade] 25/3/2024 09:23

Whatever it is, it will be on reduced margins then previously hoped due to the delays on the airbus and this having to take on the Turkish aircraft. Still, jet2 shown they had it together early as one other package holiday operator is leading ryanair in to fill the gaps...

[castleford tiger] 25/3/2024 08:47

Capacity increase this year.
What is the TRUE figure

[havinthelasttoast] 23/3/2024 14:41

Investors chronical article from nov. Confirms net cash.


Jet2 reports surge in profits
Profit grows by a third despite disruptions

November 23, 2023
by Michael Fahy


Net cash pile increases by 46 per cent to £1.82bn
Bookings slow but full-year guidance unchanged

Jet2 (JET2) is flying a lot more planes than it did prior to the pandemic but, for now at least, is comfortably managing to fill them at higher fare levels.

JET2:LSE
Jet2 PLC
1mth
Today change
-0.07% Price (GBP)
1,423.00
The company increased seat capacity by 7 per cent on last year to 11.97mn and said ticket yields for flight-only passengers rose by 18 per cent to over £124. It also increased the price of its holidays, and the proportion of passengers who fly with the company on a higher-margin package deal increased by 4.9 percentage points to 70.8 per cent.

As a result, profit before tax and currency movements increased by a third to £665mn even though floods and wildfires in Greece and air traffic disruption in the UK caused profitability to weaken by around £14mn. Cash flow also increased, meaning net cash (excluding leases) grew by 46 per cent to £1.82bn.

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The reaction from investors was muted, though. An admission that bookings for winter “have been a little slower in recent weeks” triggered concern about the sustainability of demand, especially given that capacity will be 21 per cent higher than last year. The company maintained full-year guidance of pre-tax profit before currency movements of between £480mn and £520mn, though, and said early-stage bookings for next summer were “encouraging”, with load factors higher despite a 12 per cent capacity increase.

Although holidays are a discretionary spend, Peel Hunt analyst Alexander Paterson argued in a recent note that it's one for which customers are willing to make sacrifices. We concur, and remain of the opinion that with Jet2’s shares trading at 6.5 times the FactSet broker consensus forecast, they will appeal to the bargain-hunter as much as its holidays. Buy.

[havinthelasttoast] 22/3/2024 22:58

Would love you to give a customer deposit break down as you see it. Or cash balances explained as you see it. I am struggling to understand what exactly you are saying. My reading of accounts shows that only 200m is customer deposits and they describe “own cash” as after customer deposits. I can’t work out if what you are saying you mean to be positive or negative lol

As promised here is jet2 holidays site and the android app.




Personally I am seeing a trend with apps flatlining now. I think there was a big push and every website had their own app. I own medium size online businesses in the U.K. and we found it’s just a marketing channel with push notifications but customers are sick of app notifications rightly so. I personally use EasyJet and jet2 app but never to pay for bookings. I just use the browser.

It takes a lot now for me to download an app as I am sickened by them. That said engagement seems steady and holidays site is in good growth and especially when we take into consideration the large increase in basket value.

I’d recommend Sainsbury’s to you for research. Trend on app I sustained large growth and website is trending consistently high. They are the fastest growing supermarket and underlying profit will come through shortly. The market cap is tiny compared to the opp. Kandar and Nielsen backs up my research. The sell off in Jan was after a 25 percent rise ahead of results as the traders all get weekly till data and no upgrade was made. With share buy back of 200m in this year and the data I am seeing I expect a large rerate from here. I’ve entered for 400k at the same time as here at 2.46

[pemcap] 22/3/2024 22:02

Im acutely aware how much FCF comes with rev growth (& therefore customer deposit growth).


The sellside isnt. They have revenue growing, but their FCF from growing working capital deficit is zeroed out!

[havinthelasttoast] 22/3/2024 13:57

Did you see how cash generative they are since 2020.

This suggests an extremely resilient model. They are leagues above gypsy jet and Ryanair and now are my preference as I live in Portugal. Only issue is they are seasonal.

However the trend is not unique to jet2. We had a post Covid boom and then last years was slow compared to post Covid so airlines took a dive. People are travelling again this year and the comparable are softer.

I only have Android app data. But android is a percentage of the market. Google says 47 percent. It’s all not important it’s the engagement trend you are looking for.