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Old 12th May 2020, 16:50
  #4121 (permalink)  
airsouthwest
 
Join Date: Feb 2018
Location: South West, UK
Posts: 126
Originally Posted by davidjohnson6 View Post
Flybe had been in trouble for about 10 years. In the very best years, they made a profit of 1% of turnover. In plenty of years, they made a loss of significantly more than 1% of turnover. BA by contrast in good years make a profit of 10% of turnover

There's only so much in losses that suppliers, lenders and investors will tolerate before goodwill eventually runs out
Yeah but Flybe is a different business model to British Airways, Flybe is/was a regional airline, if you take a look across the world, most regional airlines have thin margins, low wages and high turnover of staff. On the whole the whole operating 3 different types of aircraft, one of which is more expensive to lease than a larger a320 really just shows why flybe's margins took a hit. The sad thing is that only 10 days before Flybe folded, they had finally got down to their aspired two type fleet of Dash 8-400s and E175s, maybe if things had been managed better, they had a bit more cash flow and a little longer then they might have weathered this storm.
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