Originally Posted by
RogueOne
Actually 318, Flybe’s cost base is staggeringly low compared to what you might think it is. Or if you want to compare it to another Q400 operator of the past.
As a new market entrant they’re very likely to have been able to negotiate very low lease costs, deals on ground handling, there are no legacy costs on the balance sheet. I know many companies have been falling over themselves to tender for work with them, to get in on the ground floor, well poised for expansion.
Just an example you’ll understand, without being able to see behind the veil.
They've got a staggeringly low cost base because they crashed and left a trail of debt.
There are no legacy costs on the balance sheet because they were reneged on.
To say they're a "new market entrant" is untrue, and flybe themselves acknowledge this when they openly talk of
"returning to former markets" !