Originally Posted by
DC9_10
Christine was not best placed to take over after her poor performance at Cityjet. Laffin has not been inspirational either, pressing ahead with LHR ambitions when Hammad walked away. Still much a staff shuttle, a few connections and no real business uptake. The spat with Loganair was also a disastrous decision and has cost both parties a fortune.LSE and smal Ivestors trying to make a few thousand quid on day to day trading without regard to staff and their futures. Share price has tanked and KPMG now called in. Hope those jobs can be saved because of kids, mortgages and peoples future. People trying to make a quick buck on the market are disgusting.
I take your point, but if you need to fund your business from public funds there has to be a monetary motive for them to do so , it might seem like a flutter with people’s jobs, mortgages and their kids Christmas presents,but that is missing the point, the management of Flybe are responsible for the company, shareholders and employees, of course APD doesn’t help in that aim.
If the likes of bmi, Eastern & Logan can eek out a living then so should Flybe be capable of doing the same. The E jets was a huge but understable error of judgement, the bottom line is that with a cost base per km flown higher than SAS they can not survive, it’s not high wages, just short sectors with breakfast & tea time good loads and empty in terms of yield the rest of the days, I suspect it will be in administration before Xmas