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Hopefully a sustained rise into next Thursday
Founder of Norwegian Airlines is stepping down, watch this space for an IAG buyout... How is it related? Virgin Atlantic may have a deeper desire for TC Airlines UK operations.
No info I can see
In auction
WhiteNight, If Jet2 reported turbulence in the lates market it would be bad for TCG, there's your comparison. One of TCG's direct competitors is not showing concern. This shows the market is holding up despite Brexit and currency issues. So the key for TCG is are they getting a good enough share of the pie?
Yes JJ. They've traded the first qtr period and haven't advised of any turbulence in the market, other than what we already know. People were put off booking early, particularly to the Med where Jet2 are strong, due to Brexit but they've still booked later. They expect 'profit' to be inline at end of year, not sales, which means discounting hasn't been harsher.
Results out, look's strong https://www.lse.co.uk/rns/DTG/dart-group-plc-final-results-zi2n7kke3gcmylr.html
Quisty popped up here at the same time TT International opened their short
Here we go! Nice to see some blue. Should be strong now into update next week.
Soon be blue and positive
Really feel for the sellers conned today, pressure is on the buy side now, probably shorts closing out before Jet2 results tomorrow. Moving up
Ticking up
Fosun list in Hong kong
There's been around a 10-20% uplift on price on holidays to the Med for summer holidays 2019, from pricing just 7-10 days ago. This shows a healthy sold rate for lates this year. Holidays for a family of 4 to Majorca were sub Β£4k 7 days ago, now Β£4.5k plus. Other destinations strong too. Still some bargains about, but poor quality.
Wow, the amount of de-ramping has been something this week so far, they are out in force. I feel warmed that so many non invested people have PI's interests are heart. Great to see there's not universal thinking shorts are a good idea and some have reduced down. I expect the drops we're seeing are shorts selling into the market this week before Jet2 report and then 5 days to Qtr 3 update. I hope to see a bounce as they buy back later this week and next.
Aside from Monarch none had a tour operator feeding bums on seats. Monarch went belly up due to leasing costs on the fleet and actually struggled for years. TC Airlines is profit making.
Nothing unusual in paying hoteliers in the last quarter of the year, this is the tour operator model. Take in cash March to Sept, pay out Oct to Dec, take in deposits Sept to March. It's why most tour ops have year end in Sept time, when cash coffers are full.
This looks to me to be the latest effort to squeeze the SP down before update next week and Jet2 year end this Thursday.
London based, would be able to be a 51% equity holder of Thomas Cook Airlines.
Comparison between Debs and TCG is futile. You cannot put a retail business: massive online threat, huge business rates, rent and labour costs plus currency headwinds and a loose regulatory environment against and multi-national travel business.
TCG have a major debt problem for sure but have avenues for paying that down. If they can pay it down successfully it's blue skies, if they can't it's not, simple. The timeline is progressing as they have advised, bids in by May, they are inviting binding bids this month, qtr 3 update in 2 weeks, progress airline sale throughout qtr 4. I only expect an RNS for trading update and when binding bids are received or formal bids from Triton/ Fosun.
IAG (BA owner) expected to offer bid for Norwegian Airlines very soon... Will Virgin/ Delta be happy if BA get hold of Norwegian and they've let UK/ Nordic operations of TCG get away?