Originally Posted by
01475
Given the nature of the battle with Eastern that they got into I'm surprised it's not worse! (Suspect it is for Eastern...)
It is all explained in the article:
Without the non-recurring items associated with the airline's former partner, Loganair would have recorded an underlying pre-tax profit of £2.95m. After the break-up with Flybe, Loganair spent £2.98m re-establishing its own brand and back-office functions. Delays in code-sharing agreements with new business partners cost a further £2.09m. But the biggest loss has been attributed to a price war with Flybe, estimated by Loganair to have cost it £6.8m
If the figures are correct, nothing to worry about as either one-off costs for establishing a stand-alone operation that were to be expected and costs associated with the price war with Eastern which is now over