Styles76 wrote: With the 28-30 planes for November 2019, all I could find was 10 by spring
2018. Seems a bit optimistic of them to assume they'll have that sort of volume increase in 6 months time without realizing that they are undercutting their own business. Do you have a link for this?
The latest financial statements for Jetlines are dated Dec 2017, so any slot reservations probably won't appear on them. Regarding the slot reservations, YYZ will be pricey for a ULCC, but makes absolute sense for a regular carrier. YHM is relatively inexpensive, but I would say YKM would also be a smart choice for a ULCC - that airport is under utilized and the service region (Waterloo/Wellington/ East Perth) is growing rapidly. It's also a mere 45 minute drive from YYZ to YKM. My opinion though, YHM does have the advantage of being closer to YYZ, and is still not far from YKM. News from the route planner would help, but that should be a while. I considered YKM in a 15 minute research-decision over a tiny selection of others for an east hub, I imagine there's much more involved - I don't recall any planning of a west hub for Jetlines just yet.
There's some interesting ways to play this one, but waiting for the 30's again could prove pretty futile. It's the stock market, and lots can happen, particularly since the stock prices have more to do with people's emotions than it does with how well a business outlook is performing. I would say that many of us long players are still looking at the scenery after that last drop and still seeing ourselves ahead around 150% after a bumpy year - WJA holders were at at 24.85 this time last year and are sitting at 18.32 today, and their year wasn't nearly as bumpy (and the SP wasn't much that much higher yesterday before the books were opened).
The only people losing here have been the ones that are trading on the fluctuations. I found that this stock is best played as a long hold, with a clear eye at reputable news, the business and what the competition is doing, not so much at the stock price listed. Collectively we're holding well, and overall I'd say there is still a strong faith in this business's plan.
trader520 wrote: Hi Styles76 and all,
Swoop will have 28 to 30 airplanes by November of 2019.....those slots are going to be gone fast, if not already, as I do know that you can apply for slots up to a year in advance, as long as you are willing to pay to have, and not use them.....Ummm, Jetlines doesn't even know what routes they are going to fly yet...they think they do...maybe...subject to change.
Jetlines does not have slots reserved, as it would show in their financial statements. Getting those slots is all important, as this greatly affects your daily utilization, and the ability to make connections with other flights. Westjet has a huge advantage here; they can trade / give slots to Swoop.
Lets remember Westjet 20 some years ago.....They could not get good slots in YYZ, so, they had their hub in YHM....fast forward...Canada 3000 goes bankrupt, the very next day Westjet abandons YHM for YYZ, as Canada 3000 had all the good slots.
YHM will be Swoops eastern hub....Lets look at YHM: Limited ramp and terminal space, no plans for expansion in YHM. Close to Canada's greatest population base. On the other side of the country, YVR and YXX, Swoops western hub, in Canada's second largest population area. I would add YUL and YMX, but YMX is no longer available for pax....cargo only, so no alternative but to go into YUL.....Good luck with slots. All gone.
Like is said before...'not looking good'.....on the plus side, that doesn't mean that money can't be made with this stock. Let it sink into the low 0.30's, and buy some, wait for some announcement, pop, and depart. Thats my plan. That would be my round two here. Round one ended for me a while ago.
Cheers and GLTA