Jet2 Share Discussion Threads

[snorkelparker] 08/5/2024 19:31

I get 4.62 on GBP MM with my broker ..flexible

[angus mcoatup] 08/5/2024 19:23

4% ROI on 3 Bn sounds very conservative. Although I guess they have to keep the customer deposits very liquid.

[pemcap] 08/5/2024 18:33

It's also seasonal, so it will be less. (Maybe average September and march.)

I think last year didn't benefit fully from current rates(up). Also, revenue growth alone this year means deposit growth

Brokers estimating full year profit flat are being conservative because of this alone. Also because of operating leverage

Weak consumer blablabla. They are backfitting for a low valuation

[castleford tiger] 08/5/2024 18:18

3 B is 120 M in gross interest

Tiger

[pemcap] 08/5/2024 17:59

4 pct at least
I think they might have done more advance deposit promotions earlier this year to optimize for higher rates

[johnrxx99] 08/5/2024 15:38

What interest do they earn on deposits I wonder.

[trying2trade] 08/5/2024 12:59

They're also stuck waiting on Max deliveries, Mr O'Leary will be ensuring he is top of that list.

[snorkelparker] 08/5/2024 09:19

don't forget that it's great to have advance deposits but only a small portion is profit. the ring fencing is great business practice. Tui uses it to pay debt and operating expenses making it vulnerable to shocks and downturns..

[shanklin] 08/5/2024 08:13

Back in here. Seemed rude not to buy some

[gripfit] 08/5/2024 08:09

Wonderful ..

[pemcap] 08/5/2024 07:25

The net cash position doesn't take into account the benefit of customer cash/'float' and the nearly free financing of the well timed convert debt (another 2y of free financing)

Meeson is a genius

[pemcap] 08/5/2024 07:22

Traffic data to a website is just one of many things that go into revenue/profit. Pricing/advertising/multichannel choice/changing clients behavior online etc etc. It happens to be one of the easiest available.

Jet2 trades at p/e ex cash of 4x . 90 percent of revenue (and earnings given the earnings mix has similar margins) is a mini asset light BKNG biz.

Literally the best chosen fleet in world (current aircraft the highest revalued model i.e. 737NG and on order we have a pre inflation scaled order of the most preferred A320NEO family , the engine the most preferred CFM powered, and within the order its heavy on A321NEO… Which is the most in demand new aircraft in world given a scarcity of seats).

It will definitely be okay. Cash will be converting into a very competitive fleet.

[castleford tiger] 08/5/2024 07:09

I see with have another clown ( probably same one under a different name)

What was said yesterday was that prices will rise closer to 5% than the estimated 10%.

No mention of traffic slowing...........jet 2 have 17% more capacity this year.

So busy at Leeds that yesterday a 757 parked at Manchester was moved to Leeds to help out ( 1 plane had gone tech).

the lower price gives another chance to buy the shares at under 7x last years earnings.

When things are ticking along those that want issues can create them by twisting whats been said.

If you dont like the company or feel its over valued ,either sell or short.

I am happy to add my trading shares ( now underwater ) to my long
position

tiger

[thisaintme] 08/5/2024 05:51

The e-gate issue on Tuesday helped batter airlines and travel companies. Thankfully now seams to be resolved..

[ste2000] 08/5/2024 01:17

toast tried to help all you mugs a week or two ago when he told you all the travel companies traffic had slowed, cant help the stupid, but keep listening to daft mug punters like tiger

you deserve all your losses ya mugs

[thisaintme] 07/5/2024 18:01

"Jet2.com will use a blend of sustainable aviation fuel (SAF) at London Stansted Airport this year, meaning the leisure airline will use SAF on departing flights from two UK airports in 2024, almost a year ahead of the UK’s Government’s SAF mandate which is due to be introduced from 2025"

Full article..

hxxps://www.adsadvance.co.uk/jet2-to-use-saf-at-stansted.html

[thisaintme] 07/5/2024 17:56

Upping the ante from Bristol..

hxxps://www.jet2.com/news/2024/05/Jet2_com_and_Jet2holidays_to_take_off_to_three_new_destinations_in_Summer_24_from_Bristol_Airport

[snorkelparker] 07/5/2024 17:21

also O Leary is only repeating what Jet 2 said in its trading statement..Ryan where expecting 10% yoy increases but now looking at somewhere between 0 and 5% ...this is jet2 statement saying pretty much the same thing depending on interpretation of "modest increase.. Trading statement say "Booked to date pricing for Summer 2024 across both our leisure travel products is showing a modest increase compared to the same period last year" would seem they are getting wacked a 2nd time for the same news ..

[snorkelparker] 07/5/2024 17:14

With the stock price under 17 quid they will have a bond maturing in just over 2years of around 600 Mill which will dent the cash position.. but most of the others have tapped the customer deposits for funding.. I wonder how many aircraft are now owned outright and what the real market value of the current fleet is vs the book value

[snorkelparker] 07/5/2024 17:09

Lifted this statement from the trading update, wonder if that means 7 of the new NEO's are bought and paid for out of company cash ?
Since February, we have taken delivery of a further two new CFM powered A321neo aircraft from Airbus in line with our agreed delivery schedule, with both paid for from our own cash reserves. We now have seven in our fleet ahead of Summer 2024

[snorkelparker] 07/5/2024 15:49

still a lot to like about Jet2 just frustrating. but should do another 500mil this year ..its all adding to shareholders equity ..

[essentialinvestor] 07/5/2024 15:32

WTB last week reported a weaker start to the year for Premier Inn, all be it against tough comparitives.

[snorkelparker] 07/5/2024 15:29

certainly not attracting the type of buying that's needed to make decent advances...5 weeks ago looked good to have a run at 18 - 20 quid..now be lucky to hold 13

[essentialinvestor] 07/5/2024 15:28

Ryanair update may indicate UK consumer confidence is weakening.

Whether that impacts JET2 is not a foregone conclusion.

[snorkelparker] 07/5/2024 15:23

Over reaction to what news ..nothing seems obvious. anyone can shed any light?