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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.
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 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
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 .
What happened...
Thanks for your comments all - I have full faith so I am here for the Long run
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
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.
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.
Said this long ago , before equity raise and sale of haulage, with the withdrawal of furlough and possibly 12 months of losses, waiting to see auditors report - with so small Net Assets - even after equity raise. GLA I think the MM's had had their jolly short squeeze, maybe now reality might kick in. Anyway. See Air Asia. GN last post. Peeps might wake up.
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.
It’s tomorrow 09/07
How is everyone feeling pre earnings announced on Friday?
Thanks sharehunter3. Hadn't realised.
manchego
wrong share board ,meant to post on ncyt share bard
manchego
your post to johnnybbad , has started a interesting debate ,
some thing different as people watch for rns .
Hello i was thinking the half in share price was to do with the virus and oil and thought that once things get into some normality that this share price would return to previous levels.
However with a second crossing in the pipeline
and Bozo claiming civil engineering will go ahead on infrastructure i am not so sure previous levels will return even with xmas factored in.
Id like nothing more than to buy in to this at this price to double my stake but i am thinking otherwise now
Jet2 should do well in medium term, many will have more disposable income in the age groups that book package holidays. Many not going on overseas vacations this year will send more on package holidays next year and the year after. They will go on more holidays or go for higher premium holidays. Lockdown will create more desire for holidays and many will be saving money at the moment so have more to spend.
any idea how travel insurance will change with those who will fly abroad >
if you go to france lets say and you get Covid what cover if any will exhist for your treatment as no airline will want you to travel back
will you (and your family) be stuck abroad ?
Travel booking "explode." Let's see what Monday holds for us
https://www.bbc.co.uk/news/business-53206148
When is the actual government/boris announcement regarding air bridges anybody know?
Thanks
Most of the bad news is already baked in. Every other airline have been talking about reduced demand for the next few years, so nothing unexpected here. What I think will be telling is how the SP reacts to the air bridge confirmations next week; i.e. has the good news all been baked in as well?