p6 sep19 17/9/08 22:08 Page 6
news xl collapse
ttglive.com
NO FLY ZONE:
An XL aircraft
sits impounded
on the apron at
Newcastle airport
this week after
the failure of
the operator.
XL operated 20
aircraft to more
than 50 destina-
tions and all of
its flights were
prevented from
taking off after
the company
went into
administration
in the early
hours of Friday
last week
P
A
Photos
Warner set to
Rival’s forecast
lose £280,000
Jet2 ‘counters gloom
MARK WARNER, which used XL Airways flights
for its entire programme, is preparing to write
off £280,000 as a result of the collapse.
But the resort specialist’s managing director,
with £30m profit joy’
David Hopkins, insisted his company would
survive the crisis. AIRLINE and holidays operator
Jet2.com said activity, but I think consumers are going to ask
Since XL went into administration in the its strategy to focus on medium and short-haul dynamic packagers if they are fully protected,
early hours of last Friday, Hopkins said Mark flying was producing a “bumper year”, and so it and if not they will want
Warner had successfully found flights for all its should not be tarred with the XL brush. to go with a company
passengers returning to the UK and contracted The firm brought forward a trading statement they can trust.”
all its flying up to November 2008. last week to counter the negative publicity that In the statement to
He said it had chosen not to rely on the CAA XL’s collapse had brought to the sector. the City, the company
for repatriation because the operator could do it In it, parent company Dart Group, which also said its “trading has
“twice as fast and efficiently” as the regulator. owns a haulage firm, said it was expecting to been supported by in-
It is currently in talks with a number of make a half-year profit of £30 million. creased charter volumes,
carriers for the winter season and summer 2009 Jet2holidays managing director Richard Bodin strong cost control and a
and continues to sell holidays from its brochure. (pictured) said the firm was having a “bumper conservative approach
Hopkins said: “From a customer perspective, year”, with load factors of about 90%. to fuel hedging”.
there has been little impact and no one has been “We have stuck to what we are good at and
inconvenienced coming back. what we know our passengers want, which is
“People who were due to fly on Saturday short and medium-haul flying,” he said. On Holiday Group has terminated its five-year
flew on Saturday. It has been a massive “Airlines that have gone out of business have agreement to supply beds to Jet2holidays
logistical exercise and we have had people here been flying longer-haul transatlantic routes, which halfway into the deal. OHG chief executive Steve
24 hours a day. are more susceptible to economic changes.” Endacott said “all bookings for Jet2holidays
“This won’t impact on the business. Bodin said he expected the XL fallout would would now be made on Jet2holidays’ system”.
“While it’s painful to lose money when it’s see customers seeking Atol-protected companies. OHG said it had begun legal proceedings against
nothing to do with our business, we have more “Over the past couple of years there has Jet2. Jet2holidays declined to comment.
than enough money.” been strong demand for dynamically packaged
06 19.09.2008
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