I don't think its the full picture of the covid losses. From reading it it is the losses from fuel hedging and currency exchanges - whatever the hell that means:

"the Board estimates that the Group will record a net exceptional charge of approximately £109m relating to ineffectiveness on a proportion of FY21 fuel and foreign currency hedges in the FY20 results"

Its this hedging thats bleeding a lot of them..It means they contract to buy currency and fuel at a set price and for a set quantity well in advance of use. Normally it straightens out the ups and downs and allows airlines to financially plan better.The problem is that they are bound to buy that currency and fuel even if they don`t need it, which is the trap that all the airlines have found themselves in..Its a complicated set up but works most of the time......sadly not this time
 
On top of all this, various groups are now urging the Government to pursue an eco led recovery and not support those industries who have the worst emissions records unless they can show they’ve got plans to reduce them, so no doubt aviation will again be in the firing line. Unfortunate that Coronavirus is being used as an opportunity by vested interests like this to pursue their often dubious agendas. For information Jet2 temporary contract cabin crew are normally recruited from those who have worked for the airline before and contracts start in January, February, March and end early November time.
 
'Various groups' mentioned in the previous post.

They don’t simply understand the economical arguments of aviation and then the tourist industry to countries. You cannot have a sensible, educated, articulated argument with them. That’s the issue. And sadly governments give them an ear. What we need is someone ruthlesss who will tell these people to, well you know, and then sort out the climate emergency after. After all the PPE is mostly plastic is it not? Kinda counter productive.
 
So its ok for airlines to keep your hard earned money for their cash flow, are you serious? Lots of people can only afford 1 main (big) holiday a year so what do they do now?
Jet2 make good profits and have money in the bank which is common knowledge and its there to see on Companies House website.
The airlines know at lot people won’t want to travel this year so they have by them by the nuts.
Do the right thing and give people their money back and you know what, people will book with them again before the Ryanair's in future as they won’t forget things like this....or will they next year when MOL offers flights for £9.99?

Cross purposes here Offint..My quote was entirely referred to the decisions Jet2 made re laying off of temorary staff. Jet2 in fact are the only one who, right from the start, were refunding in cash. In fact I myself was the recipient of such a refund, no messing. They are also prepared to convert flight only to packages if thats what people want. You are quite correct though as soon as MoL throws out one of his `Mega Sales` all will be forgiven and forgotten.
 
Booked to go to FAO 1st Nov and JET2 charged extra because we left the middle seat empty....only £10 each way but never heard of that one before...annoying as it probably wont be a full flight in November in anycase, if it is and somone books it do we get our £10 back....probably not.

Always a gamble doing that though.......you might end up with a big fat sweaty slob with his/her own brand of BO..Gotta ask `Do I feel Lucky`?? :ROFLMAO:
 
Interesting news. Transport (or Logistics as it is better known as today) has been a hand-to-mouth business for some considerable time and very few make much money from it. It id also a natural progression for Dart and with Jet2 becoming a major player in the travel business in the UK Fowler Welch has been somewhat maginalised as far as the Group is concerned and £98m isn't a figure to be sneezed at in these hard times. PM is a hard headed but cute operator.
 

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9 trips in 9 days done 70 miles walked and over 23-00 photos taken with a large number taken at 20mph or above. Heavy rain on 1 day only
5 trips done and 45 miles walked,. Also the RAF has had 4 F35B Lightning follow me yesterday and today....
My plans got altered slightly as one of the minibus companies had to cancel 3 trips and refunded me but will be getting nice discount when I rebook them.
wondering why on my "holidays" I choose to get up 2 hours earlier than when going to work. 6 trips in 6 days soon coming up with 3 more days to sort out

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