Stobart Group loses £17.5m in the first half of the year.
Stobart Air itself loses £2.7m in the first half of the year.
Blames Flybe franchise.
Re general comments concerning RYR ops above & previously,it defies any commercial logic that RYR require a market to be worked up for them they would be in a sorry state indeed if Stobart were employed or used as a trailblazer.
Other factors in play with RYR/SEN & Stobart appear the more likely.
More heavy overall expenditure yet for Stobart as the SEN R/W upgrade to enable the RYR ops has yet to commence.
RYR will insist on priority with EVERYTHING when ops commence so perhaps if less a/c working out of SEN will be a bonus & less of a headache for Stobart ops.
Legal aftermath of boardroom tussles with certain personalities within Stobart Group continues.