Member Info for 2227

At the end of summer cash pile will be much bigger again. It's a seasonal thing.

"Total cash at 31 March 2023 was £2.62bn with an 'Own Cash' balance (excluding customer advance deposits) of £1.12bn."

"Total cash at 31 March 2024 of £3.2bn and an 'Own Cash' balance (excluding customer advance deposits) of £1.3bn."

I'm happy with the update. Profits up 33% and from bookings and seat capacity increse it seems there will be a similar in crease in profits this year too. This is the best stock in the aviation sector IMO.

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)."

Jet2 are likely to be least affected by the geopolitical events in the Middle East IMO.

Https://www.bbc.co.uk/news/articles/czvj84v7w9go

NESF held up despite market turmoil.

A trading update is due soon, we'll know how things are.

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.

Trading statement should come any time now. It came on 8th April in 2022 and 20th last year.

"Iran’s IRGC seizes ‘Israeli-linked’ ship near Strait of Hormuz"

Most of Middle East oil flows through the Strait of Hormus. Troble there means oil prices going up. Renewable energy becomes more impotant then ever now. It's cheap, clean and ralatively more reliable too.

"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.

The danger is that oil prices could rise masively if Israel destroys Iranian oil instalations in retaliation to attack. Both of these countries are known to have developed atomic weopons too. Hope it won't get as bad as that.

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.

Jet2 is likely to break all time high this year if nothing unexpected happens IMO.

Russia may have put sleeper explosives on Britain's offshore wind farms to knock out power in a conflict, ex-head of Royal Navy warns.

https://www.dailymail.co.uk/news/article-12109873/Russia-sleeper-explosives-Britains-offshore-wind-farms-ex-head-Royal-Navy-warns.html