Jet2.com announced (16-Oct-2012) it will add a fourth aircraft to its successful Glasgow Airport base in 2013. The aircraft will be permanently based at the airport and its arrival will create more than 50 new jobs. Jet2.com has also revealed three new routes, two of which are brand new for Glasgow Airport, will commence with the summer 2013 schedule, and overall capacity will be 20% up on 2012 with more than 500,000 seats now on sale. Murcia and Pula will be served from Glasgow Airport for the first time, effective 24-May-2012 and 17-Jun-2012 effectively, while the addition of Menorca from 17-Jun-2013 will take the total number of destinations operated by Jet2.com to 19 - see Route Changes Table for more information. Glasgow Airport MD Amanda McMillan said: “Since its arrival in 2010, Jet2.com has gone from strength-to-strength at Glasgow Airport and has firmly established itself as one of our most popular airlines, carrying almost 600,000 passengers to date. Its decision to expand operations with the addition of a fourth aircraft, which will result in the creation of 50 new jobs, is fantastic news and it clearly demonstrates Jet2.com’s confidence in and commitment to Glasgow Airport. We are looking forward to working closely with Jet2.com in the coming months to ensure it enjoys further success.” [more - original PR]
Jet2.com expands Glasgow Airport operation with fourth based aircraft
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Jet2.com is more summer-biased than almost any European airline, in spite of a capacity cut last summer. This reflects its strong leisure focus and its interdependence with the tour operator Jet2holidays. In the year to Mar-2016 Jet2holidays supplied 40% of the UK LCC's passengers, up from 17% in FY2013, since when it has been responsible for all of the airline's traffic growth.
Dart Group owns and runs both Jet2.com and Jet2holidays as the single business segment Leisure Travel (95% of group operating profit). The underlying operating profit of the Leisure Travel segment more than doubled for the year to Mar-2016, reaching the highest margin since FY2009, thanks to yield growth and increased sales of higher-end package holidays.
Strong advance sales insulate Jet2.com and Jet2holidays from the impact of Brexit in the short term. Nevertheless, their strong dependence on summer leisure demand exposes them to any volatility that may result from growing geopolitical and macroeconomic risks. Moreover, an order for 30 new Boeing 737-800s marks a departure from Jet2.com's strategy of buying and operating old aircraft that are close to being fully depreciated. This may increase the pressure on the airline to deploy its assets on a more year-round basis.
Jet2.com: seats at new Stansted base in summer 2017 exceed the entire network growth in summer 2016
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Jet2.com's move into Stansted will it bring it into head-to-head competition with Europe's biggest and lowest cost LCC – Ryanair. That much was clear from the moment that the Dart Group announced the establishment of the base at Stansted, and it was highlighted in a previous CAPA analysis.
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