Originally Posted by
limited_sight
Stobart incurred a loss of £18m in relation to the flybe franchise according their first half report.
Jet routes at Southend to be discontinued by the end of March 2019. ATR routes go by March 2020.
A half-year loss of £18m would be quite a feat from the seven aircraft working BE services!
It was Stobart Group that posted an £18m loss, Stobart Air £2.7m. A fair chunk of that I would imagine would be arising from EU261 payouts due to the woeful performance of the E195s this summer.