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Your opinions do not need to be so humble :)
Always great to see you on travel stocks
Outlook
For the Winter 2023/24 season, against a 21% increase in on sale seat capacity to 4.49m, the higher margin
per passenger Package Holiday mix of departing passengers is currently up by 2.6ppts. Although bookings
have been a little slower in recent weeks with average load factors currently 1.3ppts down on Winter
2022/23 at the same point, average pricing to date remains robust. With over 40% of Winter bookings
traditionally made during the January to March period, we currently remain on track to deliver Group profit
before FX revaluation and taxation for the year ending 31 March 2024 of between £480m and £520m, in line
with our previous guidance. This remains dependent on no material extraneous events in the balance of the
financial year.
Looking ahead, current seat capacity for Summer 2024 at 17.19m seats is approximately 12% higher than
Summer 2023. Bookings and pricing at this early stage are encouraging, with average load factors 2.0ppts
ahead of Summer 2023 at the same point.
Https://www.jet2.com/news/2023/11/Jet2_plc_announces_Interim_Results_for_2023
Jet2 plc, the Leisure Travel group (“the Group” or “the Company”) announces its unaudited interim results
for the half year ended 30 September 2023.
Group financial highlights Half year ended
30 September
2023
Unaudited
Half year ended
30 September
2022
Unaudited
Half year end
change
Revenue £4,407.4m £3,567.6m 24%
Operating profit £617.0m £516.6m 19%
Profit before FX revaluation and taxation* £664.6m £505.0m 32%
Profit before taxation £660.5m £450.7m 47%
Profit for the period after taxation £496.0m £356.0m 39%
Basic earnings per share 231.0p 165.9p 39%
Interim dividend per share 4.0p 3.0p 33%
* Further information on the calculation of this measure can be found in Note 3.
• Group operating profit increased by 19% to £617.0m (2022: £516.6m) and Group profit before foreign
exchange revaluation and taxation increased by 32% to £664.6m (2022: £505.0m).
• Against Summer 2022, seat capacity increased 7% and the business achieved an average load factor of
90.7% (2022: 90.7%) with higher margin per passenger Package Holiday mix of total departing passengers
up 4.9ppts to 70.8% (2022: 65.9%).
• Flight-only net ticket yield per passenger sector at £124.09 (2022: £105.00) was 18% higher than the
comparable period; the average price of a Jet2holidays package holiday also increased 11% to £855.
• Our operations were directly impacted by the broader disruption caused by the National Air Traffic Services
(“NATS”) failure, Rhodes wildfires and flooding in Skiathos which resulted in approximately £14.0m of lost
profitability.
• 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).
• For the Winter 2023/24 season, against a 21% increase in on sale seat capacity to 4.49m, the higher margin
per passenger Package Holiday mix of departing passengers is currently up by 2.6ppts. Although bookings
have been a little slower in recent weeks with average load factors currently 1.3ppts down on Winter
2022/23 at the same point, average pricing to date
File:///C:/Users/tangl/Downloads/Jet2_plc_Interim_Results_2023.pdf
To me at least this is now in the "normal" range, IMHO lower than $85 and highter than say $60.
Good news for Sea Cruise Co's, Airlines and of course World wide inflation.
Good news for nearly everyone!
All IMHO.
The lower the better.
***Excellent news for cruise ships and Airlines!!!***.
Nice!!!
14 mins in
https://www.youtube.com/watch?v=im0jnSNYB1U
WOW!
CCL up 3%, IAG up 2.1%, WIZZ up 1.2%.
Yes just waiting now for the half year results to come out towards the end of November. Should be good more interesting to see how next years bookings are looking. More good news though is greatly appreciated.
Excellent news for inflation too!
??
Selling a company just because other people sell is the dumbest thing I've heard lol
The new retail in house doesn't kick in until early to mid November, so existing supplier winding down stock it seems.
I would have been more concerned if they had no G&T
Is that why they had no teabags on my flight back from Cyprus yesterday 😃
Jet2 bringing their retail side in-house. Creating 300 jobs, they will now buy all their own food, drink and products - as opposed to supply issues from a third party who are taking a cut.
One of the things that I like about this share is the price volatility. I've made a tidy sum trading it over the past year.
I bought in here at 1263 and sold out for 1102.
As you say, it doesn't matter how the company does, the price keeps falling.
I don't understand why, but that's the reality of it. Sentiment is just awful and I don't see what's going to change that.
I'll keep watching but won't be rushing to buy back in.
If you're out, im out
I am selling and cutting my losses. I bought in at £12.80 + . During the whole downward spiral people say "strong buy" and by the time it gets to £7 they will still be saying "strong buy". Jet 2 has been on a downward spiral for a long time even when they announce monster profits. Now with a world at war and problems about to erupt in the Gulf, I am off to buy oil and gas shares.
So that is good.
And the price of Brent crude, which is used to make avation fuel is now sub $86 a barrel.
Easyjet results earlier apart from record breaking results they said "Moving into the 2024 financial year, booking momentum is continuing".
Call me mad but I make JET2 shares a buy!!!
All IMHO.
What more does the market want?
EZJ, JET2, IAG and WIZZ shares are mad low IMHO.
All IMHO.