Jet2 Share Discussion Threads

[bigbigdave] 03/4/2024 07:42

Jet2 has confirmed redundancies are planned as part of a review of operations across Spain.

Unconfirmed local reports suggested that around 35% of 996 staff based at airports in Alicante, Palma, Tenerife, Gran Canaria, Lanzarote and Fuerteventura could be affected.

Changes to Jet2holidays’ in-resort flight check-in have been cited while flight and cabin crew are also affected.

A 30-day period of consultation with unions involved over potential redundancies has been instigated.

A company spokesperson said: “We have recently reviewed our operations in Spain.

“As a result, we must sadly propose a number of colleague redundancies across resort flight check-in, flight deck and cabin crew roles.

“We deeply regret these proposed redundancies, and we will be consulting with appropriate representatives of the affected colleagues to ensure that all options are fully considered.”

[eigthwonder] 02/4/2024 13:11

The company in the past (like others in the trade) has differentiated between west and east Med, and i think there is more scope on market share to the east.

[trying2trade] 02/4/2024 13:03

Long haul is another kettle of fish and it's very expensive to get out wrong. It would be interesting to see TUIs UK division profitablity between 737 and 787 routes.

[angus mcoatup] 02/4/2024 12:45

I seem to remember some big wig saying they need to double in size in the next few years. They've got The UK to the Mediterranean stitched up, surely they need to start flying West no?

[trying2trade] 02/4/2024 11:39

Aberdean I don't see working logistically. It serves the oil industry hugely but for the investment to get in I'm not sure you'd see a return. What's the population up there within an hour's drive, can't imagine it's significant.I'm surprised jet2 went for Bournemouth over Southampton. I thought with their runway extension they'd have been begging operators to come in.

[angus mcoatup] 02/4/2024 10:54

I think they've pretty much got the whole of the UK covered now with the addition of Bournemouth and Liverpool bases. Aberdeen next maybe?

[trying2trade] 02/4/2024 10:35

Things that would see the share price get there quicker. Pratt & Witney/ airbus deliver issues solved.EASA AOC, European strategic bases. A wiff of a private takeover. What next for Jet2 is a question that is currently going unanswered.

[havinthelasttoast] 02/4/2024 09:52

By any reasonable metric is min of 25 quid.

It will soon have as much net cash as its market cap. It currently has circa 2b net cash and is generating 600m FCF per year.

[castleford tiger] 02/4/2024 09:41

read a forecast yesterday by an American broker who sees £40.00 a share

Based on 20/25% compound growth.



Clearly they feel the current rating is far too low ( it should be double where we are ) based on
Cash
profits rising rapidly to 1 billion

The brand value

So lots to think about there the one thing we all agree is that current valuation is way off a fair value.
Some of the reasons given have been
Wrong market (AIM)

COST of new planes.

However i feel we are coming out of a serious squeeze on incomes and the market should get much stronger in the next few years.

Thoughts please

[johnrxx99] 02/4/2024 05:05

Patience is a virtue

[asagi] 01/4/2024 17:57

Scaff55 you are correct.

2022: trading update on second Friday of April, the 8th

but 2021 the trading update came on the fourth Tuesday, 27th of April.

Asagi (long JET2)

[scaff55] 01/4/2024 17:42

They were late with their last update Asagi, may be thinking leave this one out till numbers date ? But l don't think so. People / Companies can't help themselves telling you good news when they have it...

[asagi] 01/4/2024 14:58

last year Jet2 issued a trading statement on the third Thursday of the month, April 20th.

According to this page:


there is no official scheduled statement before results on July 11th.

Asagi (long JET2)

[castleford tiger] 01/4/2024 13:41

The new year starts today

[trying2trade] 29/3/2024 13:46

I believe one of the smaller Turkish operators has lost its right to fly in European airspace. Even if the routes weren't served directly by Jet2 it's good news. Those who were booked or considering them now are more likely to end up travelling with jet2.

[havinthelasttoast] 29/3/2024 11:52

On Ryanair’s multiple and I would argue we are a stronger business with a better balance sheet and growing faster our share price would be circa 26 quid. The reason it hasn’t retraced it’s 40 percent gain lately is because it’s still extremely undervalued.

I normally don’t like buying a share that’s risen so much lately but aim has created a unique opportunity where in normal times this share has a route to a 40 quid valuation. It’s growth plan is impressive. Won’t be get rich quick but a strong add to a portfolio in a risky sector.

[npp62] 29/3/2024 09:09

If we knew the answer to that we'd all be minted! If you're only just thinking of getting involved, you may be slightly late to the party. Having said that Jet2 are by far the best Operator of this kind in the UK, and there's still plenty of headroom for profit. The demise of TCX, and the way TUI treated their staff during Covid, and to some extent their passengers due to ground handling issues during the restart following the pandemic, gave Jet2 a shift in where passengers decided to book their holidays. Well I believe it did anyway. The staff are well looked after, valued and motivated and therefore they feel invested in the company. Aircraft are being refreshed with newer Airbus models, and those aircraft may have longer range enabling the company to explore further. All in all, lots to be positive about

[wilddcw] 28/3/2024 15:53

The well liked, but I guess an expensive free service, Resort Flight Check In is being done away with. In the press the same day Liverpool goes live.
www.canarianweekly.com/posts/Hundreds-face-losing-their-jobs-as-Jet2-decides-to-stop-resort-flight-check-in-service

[gripfit] 28/3/2024 15:22

Thinking of buying .

[gripfit] 28/3/2024 15:22

Could these hit £20 in 3 months??

[bigbigdave] 28/3/2024 13:53

Next leg up here methinks, 15 quid a-coming.

[snorkelparker] 28/3/2024 11:53

Shorts reduced, no single position above 0.5%

[bigbigdave] 28/3/2024 07:41

Airline and tour operator Jet2 is launching flights from Liverpool to 20 different holiday destinations.

The first flight was due to jet off from Liverpool John Lennon Airport to Tenerife at 08:00 GMT.

A fleet of four aircraft will fly customers to destinations including Alicante, the Canary Islands, the Balearic Islands, Greece and Cyprus.

Jet2 chief executive Steve Heapy said the response to the new services had been "nothing short of phenomenal".

Mr Heapy said: "Bookings have remained consistently strong since launch, and the feedback we have received has left us in no doubt that making this move was the right one."

He added that the company had experienced "huge demand from customers and independent travel agents" since launching the new services.

The company said the new programme would equate to about 565,000 seats over the summer.

[philby1] 28/3/2024 07:32

Jet2 to launch huge new UK base with 16 routes to hotspots like Tenerife and Ibiza

[whittler100] 27/3/2024 20:25

Yes Re: a TU; going from past years there should be a TU in 1 to 4 weeks.