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Reassuring posts and good points made.
Yes, who wouldn’t want to get away from this weather?
You confirm my own views on Jet2 - it’s as safe as any and safer than many. International Conflicts and investor sentiments are holding back the winged investments at the moment. Better days to come I’m sure.
Jet2 is financialy stronger than any other travel company . Hedge funds are more hesitant to short Jet than other airlines.
"Total cash balance (including money market deposits) was £3,214.6m, an increase of 14% (2022: £2,830.7m). Our Own Cash* (excluding customer deposits) of £2,121.2m increased by 8% (2022: £1,968.6m)."
First time poster but long time lurker... I'm buying at each drop at the moment, Just think this weather will drive people to overseas destinations more than ever. Poised to capitalise on people holiday spending this year.
Jet2 are likely to be least affected by the geopolitical events in the Middle East IMO.
With much volatility in this sector, I’d expected more chat. Pretty quiet in my opinion besides EZJ where things have been very chatty.
Maybe we are all comfortable.
Perhaps our destinations and concentration on Inclusive Holidays make the difference?
I’m happy to HOLD and may BUY if the geopolitical (fashionable word) situation settles a bit.
Any thoughts or chat?
Thanks !!
A trading update is due soon, we'll know how things are.
Jet2 is heavily invested in Turkey, punters tend to avoid travelling further east than Spain when things escalate.
The Gulf War was a total disaster for the travel trade resulting in Intasun the major tour operator going bust.
Jet2 has no business in the Middle East. iIt's a tour operater which has it's own airline and books holidays for within Europe. Jet2 also has a policy to hedge most of its fuel requirements well in advance so oil price rises shouldn't affect it much either IMO.
Further escalation in the Middle East will spell disaster for all travel shares.
Trading statement should come any time now. It came on 8th April in 2022 and 20th last year.
"JET2 - The British leisure travel company said in July it had 81.8% of fuel hedged over the next 12 months."
Jet2 is basically a holiday company with it's own airline. Most of the profits come from their package holidays business. They shouldn't be affected much by oil prices IMO.
Https://www.rte.ie/news/business/2023/1102/1414262-european-airlines-hedge-against-fuel-price-hikes/
God knows how its either half or all of it is hedged
Risk of oil price rising as a result of Middle East events is affecting the share price.
A record-breaking March rounded off a very strong winter season at London Stansted (a Jet2 base) that resulted in the airport registering its busiest ever 12-month period.
https://airport-world.com/records-tumble-at-london-stansted-after-strong-winter-season/
Manchester Airport ( a Jet2 base} has broken passenger records for the sixth consecutive month. It served 2.1m passengers in March – up 12% on March 2023 and above the 2019 pre-pandemic level of 2m passengers.
https://mediacentre.manchesterairport.co.uk/record-breaking-run-continues-as-manchester-airport-hits-another-milestone-on-13bn-transformation-with-launch-of-new-two-mile-long-baggage-system/
The travel stocks making the most of the recovery.
Jet2 likely to double its pre-pandemic record profits.
https://www.investorschronicle.co.uk/ideas/2024/04/04/the-travel-stocks-making-the-most-of-the-recovery/
Sorry meant to write favourite.
It was first trading day of the new tax year and Jet2 was probably a favovourite candidate for ISA top ups. A trading update is also due any time now IMO.
Is there any specific reason why it is up today?
Roll on £19
Jet2 is likely to break all time high this year if nothing unexpected happens IMO.
A bit to go for a 3 year or 5 year high, but nice steady progress. Barring wars or oil price jump, I can see headroom here. Happy with EZJ and Jet2 holdings.
I've been investing for forty years but have'nt seen so many bargains in the UK market as now. Jet2 is one example IMO.
£20 by July when finals are announced IMO.