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Dart do freight too admittedly a lot lower business volume.
No holidays in 2020 = no revenue, no money, no profit. DTG is going to plunge in the days ahead. The charts are suggesting the first stop will be around the 360p level. Any break below there will signal a push into the 200s. Sentiment here very bearish now, due to the UK Health Minister saying "no overseas holidays" (not even to France).
Doesn't make sense of why only DTG is being smashed by this. EZJ and RYA up over 2%...
Well there not really are they. Doesn’t take a rocket scientist to work that one out!
Folk are going to be tentative about getting on a steel tube packed with lots of other people for a long
time imo!
Airline sector in a fair bit of strife until confidence resumes.
Matt Han**** on sky news just said holidays abroad this year unlikely. Not ideal :(
Hello, I don’t know much about DTG but has there been any speculation as to whether Jet2 could fly out of Gatwick if BA and Virgin cut their flights there. I know now is not really the time to ask but for the future
Help please. I need to change my list to alphabetical from random. How do I do this please.
Risible, un-workable and too late.
The HIGNFY team in control of HMG CV19 strategy are clowning about whilst the UK economy and society suffer.
I believe we have all had enough of this farce!
Cometh the time cometh the man – but I can’t see who that will be at the moment!
Thats a kick in tbe ballls
ffs tbis is turning into pettiness imho
https://www.mirror.co.uk/money/spain-turkey-greece-cyprus-italy-21957523
errr that's not a holiday is it mate?
Why spend money for a camp where you have restrictions people will want complete freedom not social distancing, masks, testing and the like
All this testing is fine unless you pick it up overseas, then what slung in a hospital abroad no thanks
Il wait like a lot of others I speak to until it's gone, the virus that is
If goverments demand a period of isolation resorts could tailor themselves to quarantine customers exclusively, perhaps with each one assigned tourists from a certain country. I'll caveat this by saying it possibly wouldn't be for me as site-seeing will go out the window but if you're ok with that then there is little reason to leave the resort anyway as pools, activities, beach and restraunts can all be offered. Many people don't leave them. This combined with rigourous testing could be a pathway out of this for tui & dart.
Though it might be a tough sell to local communities who would likely benefit less from the influx than they would if their local was a standard non-quarantine resort.
While your anecdotal evidence may be correct that many more have already had CV its fairly irrelevant to DTG. What matters is the govt restrictions that will be in place on peoples movement. What if its a 2 week quarantine when entering a country? All of this at some stage will be resolved but when, and that timing is the 64 million dollar question.
If the "new normal" does anything to reduce the current business model of airlines then prices will have to go up, that in turn will reduce numbers flying and going on holiday. If you think nothing will change and that the world will go back exactly as it was before, then that's fine, but the next question you have to ask is when will that be, when you have decided that answer you then have to look and see has DTG got sufficient cash to meet your hypothesis. I still think its far too early and risky to look at tourism as a sector to invest in.
Many people I speak to believe they have had the virus and now can’t wait to get away on holiday. They are also saying that the overall deaths are very small percentage of the population in any event. Most also now consider it is time to let the people take charge of their own destiny. 5 years time everyone will be saying ‘do you remember that awful CV.’ That is what happened to the 1918 virus which killed millions. Life goes on and should be allowed to go on. Although myself I think it is great that we can now breath better with less panes in the sky lies. Expect further drops before a bouncy recovery. Great time for trading that is for sure. Take care all and stay safe.
500 mill? Sept?
How much has been given back seeing as though that would have been money for hols booked and paid for tbis summer how much has been or going to be refunded
Mr Block might want to take a look at this lots accounts?
Have you read the reports? They had net current assets of around £500m at September 19. This figure already assumes they've had to refund everyone, as customer deposits go on the balance sheet as deferred revenue, a current liability.
Their borrowing due between 1 and 2 years is £77m, and then £247.5m due between March 2021 and 2026. So most of their borrowings are far away enough for earnings to have recovered.
The key question is when they can start earning again, and at what rate they're burning cash. Given current liquidity (including their draw down of £100m revolving credit) I think they can last the year, but they will need a similar package to Wizz (£300m) if the grounding extends beyond September
See simply wall street for the full article
That was before the crisis
Whats on the balance sheet now after all the refunds?
torical Debt, September 14th 2019A Look At Dart Group’s Liabilities
We can see from the most recent balance sheet that Dart Group had liabilities of UK£1.33b falling due within a year, and liabilities of UK£1.02b due beyond that. On the other hand, it had cash of UK£1.50b and UK£98.3m worth of receivables due within a year. So its liabilities total UK£752.8m more than the combination of its cash and short-term receivables.
This deficit is considerable relative to its market capitalization of UK£1.20b, so it does suggest shareholders should keep an eye on Dart Group’s use of debt. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution. While it does have liabilities worth noting, Dart Group also has more cash than debt, so we’re pretty confident it can manage its debt safely.
Dart have over 2 billion liabilities due this year next
It'll probably be bloody on Monday, but his comments don't really apply to dtg. If you look at the balance sheets of the US carriers he sold, they have huge current liabilities they will have to pay off through taking on more debt. This isn't the case for dtg, who should be able to get by on current liquidity plus short term borrowing from the government.
Am hoping next year not 2??
Old news! He sold out a month ago and is just saying why! He obviously thought they’d crash far more and they havnt! He is being no different here to any other scare monger you see on these boards!
In 2 years time(more likely less) the world will be completely back to normal! Some airlines may fail but it will only make the good ones stronger!