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How is everyone feeling pre earnings announced on Friday?
It’s tomorrow 09/07
Evening jkr41 - I've been busy on AMGO - YOU'VE GOT TO GO THERE - LICENCE TO PRINT MONEY!!!
This used to be £19+, I got in at around £4.50 so smiling at the mo - Jet 2 taking off on the 15th July and travel agents report brisk business so whatever the company results, I'm confident in this share. Sale of Fowler Welch for £98 million and fund raising of £172 million means they are V healthy!!! Other airlines cutting back as are Jet2 but I reckon they will be quick off the mark in nicking routes given up by rivals so growth growth growth next year.
I have only skimmed through the report so far, but there wasn't anything particularly new in there that wasn't already stated in the trading updates we've been receiving. This was particularly interesting to me:
"Despite the uncertainty, our current monthly load factors for winter 20/21 are satisfactory and summer 2021 bookings, which are showing a materially increased package holiday mix, are encouraging."
Perhaps one consequence of people having to claim refunds over the period is that people no longer want to deal with multiple operators, claiming separate refunds for their flights, hotels, etc. from different providers. With Jet2 top of the list for refund ease, this may encourage more people to book their entire holiday as a package through Jet2. Would be good if they provided some idea of what "satisfactory" or "encouraging" levels of booking actually looked like vs 2019 advance bookings at the same point in time.
Im not overly convinced in this. After march there was recovery which was fuelled from an expected pick up after the shock of lockdown. I think the FM sale buoyed this up to £10, however its leggy and also not very robust and thus has been steadily dropping. In the past month alone 20% has eroded and in this week it opened at a high of £9 and now plunged to early £7s. To me its vulnerable and even with the commencement of flight its beem bumbling around for weeks at the £8 mark dipping and dropping badly. Its weak and consumers like the brand but thats not a good medium to measure the business and I think itll be a real slow mixed stock which will probably only frustrate in the long term.
Thumbs down.
on the plus side its just about hit the support of the mid 720's so its a technically good place to buy in... so I have
Thanks for your comments all - I have full faith so I am here for the Long run
What happened...
I know ,its a rout !! I'm so glad I pulled last week, still waiting to re-enter but its showing no signs of slowing down.. Its definitely not right .
I think its the news that Virgin is hanging in the balance and that IAG and easyjet are rumoured to make further layoffs. I guess the market is assuming that DTG will be issuing bad news too? (I am buit surprised because yesterday would have been the time to do it and they didn't. We might, might get a bounce if DTG can confirm no further deterioration in outlook
Air bridges in scotland werent approved to places like spain, plus clearly todays view which is truly awful is that the results yesterday were barely average. Its dropped £2.40 in a week. Horrible. Cant see this getting anywhere to £10 as it was in early june in a hurry. A truly volatile stock.
I wouldn’t call yesterday’s results as barely average when the airline made a profit of £147 million net. Hopefully no more job losses and a slow return to operations.
Great opportunity to top up IMO Jet2 and Ryanair will bounce back much quicker than BA. Most routes are already open. Reckon this SP will double in the next 12 months
I hope it does that, however its been an awful week of losses and DTG frequently top of the highest losers this week in the AIM, which is proving unrest or positivity is in limited supply. Would love to feel the optimism but 5 days pre their flight plans restarting its showing no signs of recovery in a fashion expected.
Im in on this stock way beyond where it is now but surprised how poorly its behaved this week.
The profit 147 mill was up go March time.
Since then 100 mill credit banks. 170 mill equity raise Fowler sd 90 mill gross. 300 mill covid loan .
Liabilities due over a blion due within 12 months imho
Iys bottoming pretty malta now April 21 starting. with Split, Dubrovnik, Almeria , Reus came out last week
Its on the ropes tbis one
Jet2 offer a very popular holiday experience.
From presentation at the initial departure Airport through to arrival back there, at the end of the holiday, the Jet2 experience is designed to be hassle free, enjoyable, and value for money. The only concern in the Customers mind, on return, should be “How soon will it be before they can book again for a repeat Jet2 experience!”
Available research seems to indicate that Jet2 has a strategy to get the business back into this ” normal” groove as quickly as possible. Measures taken seem comprehensive, pragmatic, relatively easy to implement and clear to the Customer. Measures should continue to protect the business, it’s cashflow and additionally ensure that Customers enjoy the experience they expect, deserve and will wish to repeat.
The next 4 weeks will be critical. Despite all the measures taken problems will occur, but research seems to indicate that Jet2 have sufficient resources and plans to manage and resolve any “hiccups”. During this four-week period, as the various Jet2 holidaymaker packages cycle through, the feedback will be of particular interest - hopefully for Jet2 it will be positive.
Of more interest will be the reaction of others in the industry as to how Jet2 have dealt with the problem. If Jet2 have been successful, the industry will invariably react swiftly to copy - and a dramatic change in activity could ensue. All depends on the pragmatism, application of common sense and desire to succeed of all the parties involved.
Jet2’s success will surely assist in placing the CV19 issue “back in its box,” as far as holidays and air travel are concerned!