Jet2 Share Discussion Threads

[doombarman] 04/4/2024 20:11

Of course u have lol

[havinthelasttoast] 04/4/2024 19:15

Eight wonder, agree about they are being very cautious. Covid will do that to you.

Did you know they have 2b of own cash? (Cash after liabilities and customer deposits ) and the market cap is 3b

The reason is they have 128 planes ordered from 2028. They want to grow this into a monster without the leverage of the other carriers and therefore far safer. Short term pain for long term gain. On Ryanair multiple we are worth 5b not 3b

If you have a few quid you don’t need for 10 years this baby could 5 to 10 bag. In trading it and I have a long term portion. 400k worth total.

[willub] 04/4/2024 18:52

4 years ago mate

[eigthwonder] 04/4/2024 18:30

They have always been slow on the dividend front - much down to Philip Meesons' personal finances, plus they are wary of adding financial leverage to the operational leverage inherent in their business

[diviincomesearch] 04/4/2024 17:29

Bought more yesterday. Still can’t get my head around the valuation. Now my biggest single position.

I’d imagine they’ll start increasing the dividend or doing share buybacks with at least some of the cash, even if a decent amount will go towards capex.

[trying2trade] 04/4/2024 17:12

Touched over 1500 last week for a short while I believe. As seen in the year's high range.

[bigbigdave] 04/4/2024 16:21

Spring 2021 last at these levels got to just shy of 16 quid.
Before that high was pre Covid just over 19 quid but as DTG

[bashor] 04/4/2024 16:19

When have we been at £15, pre COVID?

[castleford tiger] 04/4/2024 16:05

we have been at 1500 now 1490

tiger

[bashor] 04/4/2024 15:48

Over booked flights are certainly a thing again

Anyway looks like Jet2 may have broken the clutches of 1400…… next stop after the trading update is hopefully north of 1500

Looking forward to the summer profits

[evianone] 04/4/2024 15:22

Make's sense but not all the people at the airports were flying BA 😂

[our haven] 04/4/2024 15:02

Evianone. This is due to BA's policy of scheduling flights, say three times a day to a European destination, then cancelling two of them and squeezing everybody on to the one flight.Cannot remember the last time I booked a flight with them which was not cancelled.

[evianone] 04/4/2024 13:22

Just arrived back from France holiday if the airports are anything to go by all the airlines must be making money, was flying with BA all 4 flight full even asked on the flight back if anybody was willing to give their seat for the next flight, money was offered !!

[snorkelparker] 04/4/2024 11:41

wonder where the shorts are...why would you 🤔

[pjleeds] 03/4/2024 15:56

Come on jet2, come on Leeds, marching on together.

[tp6] 03/4/2024 15:07

The redundancies are to do with ground staff in Spain, re org of resort bag drops etc.J2 like many airlines need more pilots, they won't be making them redundant.Pilot salaries are not generally scaled with years of svc at J2, so no incentive to pay off people like legacy carriers sometimes do.

[trying2trade] 03/4/2024 14:24

It's not unusual for airlines to offer voluntary redundancy or retirement packages to some of long serving crew. They're expensive to have.

[cellars] 03/4/2024 12:52

redundancies on the flight deck suggests lower than planned availability of aircraft is the principal constraint on growth. Taking that into account I still think that 7~9% volume growth over the medium term is possible. On that basis I think a fair share price is about £20.
I remember when the backbone of the fleet comprised well used aircraft refurbished to be safe and look nice on the inside. Could we see the return of some of that subject to esg and economic considerations?

[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.