By GuitamanTue, 21 May 2013 15:56:00 GMT I agree Tiger. Jet 2 don't have a problem in competing with E and R or anyone else. Its just a question of how mature they think the Northern market is. Can't believe we wont see £3 by November when the summer trading figures are public.
Cheers
Andy By Guitaman
By CASTLEFORD TIGERTue, 21 May 2013 07:18:00 GMT No do not sell.
Wait for the upgrades to flow following stronger than expected results for last year due soon.
As for competing with EASY and RYAN..both operate out of northern airports.
EMA its EASY V JET2.
Leeds MONARCH AND RYAN V JET 2
MAN all 3 against JET 2
If we were going south I would be looking at STOBARTS southend and screw them for a deal.
Also BIR is still not touched/STAN/LTN..that's before you even think of the big two that I would avoid.
Setting up new bases cost money until you get enough flights/critical numbers etc.
Still plenty of growth up here.
Welcome LEEDS boy...no doubt the posh part !!
I do agree that the target is to turn JET 2 into a holiday company as that's where serious profit is.
We are doubling year on year so current year we expect 800k holidays.
Within two years we may be 1.25 to 2.00 million.
Tiger
ps note how we have 2 down days and then a big leg up..
By CASTLEFORD TIGER
By Smash n GrabTue, 21 May 2013 04:36:00 GMT I agree. By Smash n Grab
By leycrjb99Mon, 20 May 2013 20:00:00 GMT Guitaman,
Yes, but at what cost? Dart Group is earning great returns in the north. Why go to the south where you compete heavily against Ryanair, easyJet and many others, which all have newer and more efficient planes? They can price Jet2 out of the market. I believe Jet2's lack of presence in the busy airports is completely intentional. By leycrjb99
By Smash n GrabMon, 20 May 2013 16:39:00 GMT Not sure it will be in their plan. They seem to be creating a stronghold in the north of england. Not a bad idea, it is always raining up north !
PSM By Smash n Grab
By GuitamanMon, 20 May 2013 15:31:00 GMT Doesn't expanding into Gatwick mean he can sell more holidays. That's my point
Cheers
Andy By Guitaman
By Smash n GrabSun, 19 May 2013 13:25:00 GMT Article from feb 2013 :

Jet2holidays new chief executive Steve Heapy, who also heads up Jet2.com, said the company expects to register significant growth in the coming year.
By Smash n Grab
By Smash n GrabSun, 19 May 2013 13:21:00 GMT If traffic to their site is anyhting to go by, then you may well be right :

By Smash n Grab
By leycrjb99Sun, 19 May 2013 12:28:00 GMT I would be very surprised if they expand into the more competitive airports such as Gatwick. I think Meeson sees future growth coming from Jet2holidays rather than expanding Jet2 into more airports. By leycrjb99
By Our HavenSun, 19 May 2013 11:26:00 GMT Possibly should reduce but I think I will sit on my hands a little longer and see if the momentum continues. By Our Haven
By KEEPING CALM MIKESat, 18 May 2013 23:18:00 GMT ANDYROO,
I am getting dizzy should I unload a few , K.C.M. By KEEPING CALM MIKE
By GuitamanSat, 18 May 2013 13:18:00 GMT I read recently that Flybe were selling some slots at Gatwick to reduce their debt. An opportunity for Dart to expand in the South? Anybody got any comments?
Cheers
Andy By Guitaman
By bedpanFri, 17 May 2013 20:16:00 GMT leeds lad getting on board next week, that is if i havn't missed the bus.The jet2 part of this company is brilliant, really looks after customers, I use it for most of my hols fom LBA. By bedpan
By Smash n GrabWed, 15 May 2013 18:05:00 GMT I reckon they are still trading at around 8x 2012/2013 earnings.
By Smash n Grab
By valuemanbuyerWed, 15 May 2013 16:10:00 GMT Some excellent points thx Tiger. I note that they are trading around 9-10x year 2102/13 .That compares with 14-17x for Easy jet / Ryanair. The value gap is probably due to there only being a 28% free float (v little in £ terms) and a discount for the freight business & that is jack-all research on the,. I reckon the gap will close the bigger they get as they get more awareness & if they divest of FW & if they start to PR themselves a little in the city.
By valuemanbuyer
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