Turnover maintained at £570.5 million (2008/09 £572.4 million).
One of only three European major airlines to report profits throughout the global recession, with profit before tax* of £6.8 million (2008/09: £12.8 million). Profit before tax, after exceptional, integration and restructuring items, of £5.7 million (2008/09 £0.1 million).
EBITDAR** up 4.7% to £93.8 million (2008/09: £89.6 million) and EBITDAR margin increased to 16.4% (2008/09: 15.7%).
Ancillary revenues per passenger increased by 15.9% to £11.98 per passenger (2008/09 £10.34)
Operating cash inflow before restructuring of £50.9 million generated in the year (2008/09: £31.4 million).
Net debt more than halved to £21.0 million (2008/09: £49.8 million).
So, in addition to a profit of £5.7m, there was enough other "non-profit, profit" to pay off £29m of debt! Doesn't sound like a business that's on it's arse and can't afford a reasonable payrise for it's employees.
If they would just treat us and our elected representatives with some respect it would be a start. Perhaps from there we could negotiate like professionals and avoid the need for embarrassing industrial action.
I'm glad to see that finally pilots have woken up and smelt the coffee. There is real anger in the crewrooms now. Time for Jim and co to wake up to the new mood.
Last edited by Too Little too late; 21st Oct 2010 at 10:58.
Reason: Tidy up