Member Info for 2227

https://www.jet2.com/News/Recruitment_Roadshows_announced_for_Thomas_Cook_colleagues/

Jet2.com to hold roadshows for Thomas Cook staff

The airline and tour operator has vacancies across its operations, including flight deck, cabin crew, overseas operations, engineering and ground operations, as well as positions at the company’s commercial office in Leeds.

Big banks are deliberately putting up the heat for their smaller rival to get them out of the mortgage business.Once that is done there won't be any excessively cheap mortgage deals.

Jet2 have grown rapidly since starting their holiday business in 2007. They've become No.2 in the sector from nothing over the last 12 years. There's every chance they'll overtake Tui and become the No.1 holiday provider over the coming years.

Sainsbury’s ceases mortgage lending

https://moneyfacts.co.uk/news/mortgages/sainsburys-ceases-mortgage-lending/

"if Yu can get gross margins up to 10% "

Not possible for a small player in this industry. There's cutthroat competition for the business customers.

Tui have come under fire for ‘hiking prices’ just hours after Thomas Cook announced their collapse.

Furious passengers desperately attempting to find alternative flights for their travel plans were shocked to find costs increasing by as much as 71 per cent.

Some customers found prices were even soaring as they browsed the site, with the fee more than trebling once they reached the checkout.

https://metro.co.uk/2019/09/24/tui-joins-jet2-ryanair-hiking-prices-thomas-cook-collapse-10797606/

Dart has a track record of much faster growth than TUI. If we look at their performance Dart is the clear winner.

This firm will win share of £9bn sales.
This is a major strategic benefit for Dart: £9 billion-plus of Thomas Cook revenues offer plenty of scope both to mitigate competition and boost growth.

Noone will be buying much from the carcass of Thomas Cook. There is a reason the 2022 bond is trading at 5 cents on the euro. There is really not much of value there to sell. What is left? A bunch of leases on unprofitable shops, or their leased planes? The few 17 year-old banger planes they own? The slots have some value, which in Gatwick EasyJet will snap up, but in other airports slots are not as in demand. German airline and Nordic tour arm has value, but that isn't relevant to UK market. Yes, EasyJet are launching their holiday arm this summer. BUT: Anyone who thinks a competitor can just start up and take 2.5m package holiday customers in a few years doesnt understand how industry works. Even Easyjet will struggle to scale that quickly, and it will require massive focus, investment and dedication they may not be willing to give. Jet2 have been preparing for this for months, and will move in quickly to pick off the hotels they want, who are desperate and out of pocket, and will ramp up capacity in bases they already have. So Manchester, Birmingham etc. I would be very surprised, and somewhat worried, if they went near Gatwick, but I trust Meeson 100% to know what he is doing. Funny to hear people trying to argue that exit of number 3 player and 10% of total UK holiday capacity from the market will be a bad thing somehow for Jet2.

Noone will be buying much from the carcass of Thomas Cook. There is a reason the 2022 bond is trading at 5 cents on the euro. There is really not much of value there to sell. What is left? A bunch of leases on unprofitable shops, or their leased planes? The few 17 year-old banger planes they own? The slots have some value, which in Gatwick EasyJet will snap up, but in other airports slots are not as in demand. German airline and Nordic tour arm has value, but that isn't relevant to UK market. Yes, EasyJet are launching their holiday arm this summer. BUT: Anyone who thinks a competitor can just start up and take 2.5m package holiday customers in a few years doesnt understand how industry works. Even Easyjet will struggle to scale that quickly, and it will require massive focus, investment and dedication they may not be willing to give. Jet2 have been preparing for this for months, and will move in quickly to pick off the hotels they want, who are desperate and out of pocket, and will ramp up capacity in bases they already have. So Manchester, Birmingham etc. I would be very surprised, and somewhat worried, if they went near Gatwick, but I trust Meeson 100% to know what he is doing. Funny to hear people trying to argue that exit of number 3 player and 10% of total UK holiday capacity from the market will be a bad thing somehow for Jet2.

Airline Jet2.com has confirmed it is part of the effort to bring people home.

A representative said: “Jet2.com is helping to bring Thomas Cook customers back home to the UK, commencing tonight with a flight from Menorca to East Midlands.

"We will continue to cooperate with the CAA in the coming days"

dailymail.co.uk

Thomas Cook's rivals including Jet 2 and TUI are accused of cashing in as holiday prices double within hours

Thousands are looking to rebook holidays after the collapse of Thomas Cook
But those looking for breaks are reporting surges in prices with rival firms
Jet2 says pricing is simply 'based on the principle of supply and demand'

Published: 14:31, 23 September 2019 | Updated: 14:56, 23 September 2019

Rival holiday firms have been accused of cashing in on the collapse of Thomas Cook after the price of package holidays jumped overnight.

Around 160,000 British citizens are stranded overseas and thousands of others face cancelled holidays after the holiday giant went bust early this morning.

But those looking to book breaks with rival firms say the prices have jumped massively in the last 24 hours.

https://www.dailymail.co.uk/news/article-7494671/Thomas-Cooks-rivals-accused-cashing-holiday-prices-double-hours.html

Jet2 is likely to be the biggest beneficiary of Thomas Cooks' collapse.

A big bounce likely today.

The official administration according to our sources will take place at 2am GMT when all flights have taken off and the largest number of planes have grounded.
Flight operations will then be ceased.
The group operates a fleet of 85 Airbus jets and 31 Boeing jets 1116 jets in total.

As these planes land tonight our exclusive sources to the Euro Weekly News in the aviation business say it is highly likely administration will commence by KPMG appointed administrators.

9,000 staff will lose their jobs with immediate effect.

https://www.euroweeklynews.com/2019/09/23/thomas-cook-likely-to-enter-administration-at-2am-gmt/

Jet2 is thought to be one of the five airlines involved in the airlift of Thomas cook customers.

No fault of the banks here,they could've pulled the plug earlier.

Thomas Cook is set to go bust on Monday morning leaving 150,000 tourists stranded abroad.

https://metro.co.uk/2019/09/22/thomas-cook-set-go-bust-stranding-150000-holidaymakers-10789642/

U.K. Government Suggests Thomas Cook Won't Be Rescued

https://www.bloomberg.com/news/articles/2019-09-22/u-k-suggests-thomas-cook-won-t-be-rescued-plans-for-collapse