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Airlines all seeing uptick in bookings due to bad UK weather ☔️
Analysts seem to have missed “expects to deliver a record summer in terms of bookings”
Who here isn’t getting away this year after so much 🌧️
Interest rates stabilising with potential to drop further? Inflation down stabilising, energy costs down and less demand in summer, euro decent rate - folks are finding cash to get away so I expect a great full year results here
“ The premium market continues to perform strongly”
“ Long Haul continues to outperform”
Anyone not going away to ☀️ this year 🤔
Analysts seem to have missed “expects to deliver a record summer in terms of bookings”
I'm not so sure... Unfortunately, a record summer - in terms of bookings - is irrelevant for the SP, unless those bookings translate into (preferably record) profitability.
Agree but they’ve focused on “ The value market remains more challenging, reflecting ongoing cost of living pressures, with 1% TTV growth YOY.“
But I don’t see that from other data around other travel sites like ABTA, AMEX, value & mainstream airlines, hotels etc & coupled with the constant ☔️ I believe the “value market” will do better than downplayed
Bank of England chief economist Huw Pill today said it's "not unreasonable" to expect an interest rate cut this summer, as data showed that tightness in the UK labour market may be easing.
KittyKitty - Interest rates won't drop significantly, 50bp at most in 2024. We wont be below 4% in less than 1.5 years and probably stay above 3% for a long time.
Why post so much if you aren't going to invest.
Alessandro I guess you know more than BoE Chief Economist - you must be good!
KittyKitty do you know better? you mentioned interest rates, I am adding the drop will be negligible.
0.5% drop is nearly 10%, a drop to 4% is c20%. Its not just the absolute that counts, its also the effect on futures.
In any event interest rates is only part of the story, the bigger picture is real wages rising.
You didn't say why you continue to post if no interest in investing?
I am interested in investing, I was hoping for better figures today. I am stunned people are so positive on the mediocre HY results (mediocre relative to the current valuation). I am surprised the price soared 15% yesterday also!
I'm sorry but i don't get how anybody who is actually interested in investing would be so negative.
Personally if i was so downbeat i'd move on to others on my watch list.
Alessandro - I agree with you... Revenue up by just 11% is lacklustre imo because inflation over 12 month YoY period was doing heavy lifting supporting the figure... to book just 11% revenue growth is below par for the course imo. For clarity the Revenue growth figure of 11% is reported in table header as "H1 24 vs H1 23" and again in the note further below as "resulting in Group Revenue of £80.8m, +11% YOY" (below the title in bold named Financial headlines, 1st Para, after the second comma).
So why is it lacklustre?... Using ONS monthly/quarterly inflation figs from Mar 23 to Mar 24 I calculate approx. average inflation rate to be 5.575% (the most kind figure) and 6.3% (most unkind) but... I think eventual figure probably lies somewhere ~6% once the dust settles (ONS still has many of the figures under review)... so taking the 11% then subtracting the ~6% leaves max true revenue growth for OTB imo is 5-5.4%, granted it's not intrinsically bad but the cash raised in this set of results and over summer 24 needs to be very healthy and imo OTB has begun with a less than ideal start.
Summer 24 will be very healthy
Anybody not going to find ☀️ then?
Nobody I know isn’t going away June to Sept 🤷♂️