Jet2 Share Discussion Threads

[bigbigdave] 25/4/2024 07:18

RBC RAISES JET2 PRICE TARGET TO 2000 (1950) PENCE - 'OUTPERFORM'

[gripfit] 24/4/2024 17:20

Where to tomoro?? £12??

[scaff55] 24/4/2024 16:43

24-Apr-24 Canaccord Genuity Buy - 1,900.00 Reiteration

[darrin1471] 24/4/2024 15:48

With on sale seat capacity for Summer 2024 up 12.3% then package holiday bookings up 13% has to be inline with expectations
Last year package holiday sales were up 5% to 75% of all seats. We don't know if JET2 were planning to remain at 75% or push higher. If JET2 were planning for a higher percentage then they could end up with excess hotel space that they need to discount.
We know EJ have been pushing holidays and also adding additional capacity.
More competitive pricing in April and May could be due to OTB's updated partnership with Ryan announced at the end of February.

The TU was mainly inline with expectations, so the pricing pressure in April and May was the only new story and hence the weakness today.
Last week I bought a trade at 1400 as I was feeling positive about the trading update. I have not bought that trade again today as there is a little short term uncertainty regarding April and May trading

[thisaintme] 24/4/2024 15:45

Snorkel,

You are in the ball park with that figure?

The RNS (1793D dated 18th Oct 2022) stated $3.9 billion for 35 aircraft. With an option to extend to 71 for $8 billion.

That equates to an average per aircraft of around $111m ish. Or £89m to £90m in English money (give or take at current exchange rates).

See..

[philby1] 24/4/2024 15:26

It does state that in the article.

[castleford tiger] 24/4/2024 15:16

Missing
2200 target price !!

[philby1] 24/4/2024 15:10

Jet2 price warning concerning after easyJet more positive - analyst

[trying2trade] 24/4/2024 15:08

You'll never get the true figure. List price and actual price are different things. Airbus will have been delighted to get a historically boeing company on board.

[snorkelparker] 24/4/2024 14:57

Planes I meant not places ..anyone have a better punt at how much an airbus is costing ? 80 mil is a guess

[snorkelparker] 24/4/2024 14:54

CT, Lot of good facts, once again think the market is way too negative. We have seen cautious announcements being sold down like this many times before. It is a tough business and will have periods where pricing has to reflect the current climate...Jet2 has the vertical scaled business to deliver profits even in tough times..I would be worried more for Tui and OTB etc..they are buying planes out of free cash flow no interst expenses. the huge pot of customer cash generating money market returns while others use to plug AR and AP shortfalls or worse debt repayments I.e Tui... Places that where bought at the cheapest point prior to inflation spike that's 140 at somewhere in the region of 80 mil a pop. Plus a clear statement about having sufficient staff and planes for the summer is a place where we may see others struggle.. these things can't be valued just because they remain cautious in a difficult environment is more reason to value their integrity

[castleford tiger] 24/4/2024 14:29

just added a third trade at 1390.

tiger

[castleford tiger] 24/4/2024 14:28

In a trading update, Jet2 added that package holiday and flight-only bookings are up 13% and 18% respectively for the summer period versus this time last year.

THATS THE HEADLINE ...........MISSED by the market.

Tiger

[gripfit] 24/4/2024 14:16

Yeh it’s garbage

[fozzie] 24/4/2024 13:50

Utterly ridiculous reaction, totally fed up with the UK market.

[trying2trade] 24/4/2024 13:46

Reading in between the lines, competitive conditions in April and May. That can only translate to they had to lower prices to fill seats. I could be wrong but I don't see how else that can be interpreted. Still confident here. Ryanair and TUI are well short on aircraft deliveries and EZY may have some pilots strikes on the horizon. Best in class badge remains.

[castleford tiger] 24/4/2024 13:20

the bit i was talking about was this line

Aye but followed up straight away by saying they had to cut margins to sell seats in April and may?

I DIDN'T SEE THOSE WORDS?

I agree with CB7 if capacity is up 12% and each aircraft has 1% more load the numbers are ahead.

Anyway it will come out in the wash ,but my drivers tell me load is up and my information says we have more aircraft flying.

I would say the wording and lack of explanation may have led to confusion.

I am just delighted to get my trading shares back because this will be another patch of turbulence on the way to £20 later this year.

regards
tiger

[gripfit] 24/4/2024 12:59

Ironically ,, Meeson selling last week was a clue?

[cb7] 24/4/2024 12:53

passengers are up considerably, as capacity has been increased by 12% and each flight has 1% more per aircraft than at the same time last year. With a modest rise in pricing, revenues must be up around 15% thus far.

[trying2trade] 24/4/2024 11:52

Tiger, I've got a lot of time for you but it's exactly what was said. They said capacity up 12% and load factors up 1%. Load factors up 1% doesn't excite people. If they'd have quoted a pax rise of 12-14% YoY which those figures suggest then people would've sat up. As it is we are looking at £14 and hoping it holds.

[thanatos abysss] 24/4/2024 11:45

timber gerbils

[bigbigdave] 24/4/2024 11:32

JET2 often does this on news only to bounce back in the following sessions.

[castleford tiger] 24/4/2024 11:28

T2T

Said

Aye but followed up straight away by saying they had to cut margins to sell seats in April and may?
As I said, it's not bad but you'll struggle to get people racing in with cash when you say load factor are up 1%. If they have said pax numbers are up 10% (seats up 12 and loads up 1%, should be more than 10% more pax) then it completely changes the tone, for me anyway.

THATS not what was said.

Re cash situation.

People do not understand the company and how cash works.

Compare year end cash to last year end cash...........

Compare 1/2 year to 1/2 year.
Jet2 use this cash in many ways including pre payments.

There is no mystery.

Guidance is always difficult but take last years 510/520m and add what you think will be extra./
There were some one off costs last year.

For current year i expect £600m

Tiger

[gripfit] 24/4/2024 11:09

High volume …

[gripfit] 24/4/2024 11:08

Kinnell … has there been a profits warning ?