FlyBE - 5
Join Date: Sep 2007
Location: UK
Posts: 70
Likes: 0
Received 0 Likes
on
0 Posts
Nanxman
Nanxman - what kind of numpty are you?
The three SAS undercarriage issues might have been a catastrophe for the SAS engineers who carried out the maintenance on the Q400s. However, for the remaining 20+ operators worldwide, it was a short-term pain in the arse. 3 incidents, all within 6 weeks, all with the same operator, all on the same side of the aircraft - as our friends from the other side of the pond say: do the math!
Throwaway statements damning a model aren't terribly grown up. What possible point are you trying to make by reviving an issue that the various CAA's have long-since put to bed? Actually, don't bother answering that question......
The three SAS undercarriage issues might have been a catastrophe for the SAS engineers who carried out the maintenance on the Q400s. However, for the remaining 20+ operators worldwide, it was a short-term pain in the arse. 3 incidents, all within 6 weeks, all with the same operator, all on the same side of the aircraft - as our friends from the other side of the pond say: do the math!
Throwaway statements damning a model aren't terribly grown up. What possible point are you trying to make by reviving an issue that the various CAA's have long-since put to bed? Actually, don't bother answering that question......
Join Date: Apr 2008
Location: Norwich
Posts: 85
Likes: 0
Received 0 Likes
on
0 Posts
Flybe set for expansion?
Interesting article from business supplement of local Norwich paper, the Eastern Daily Press:-
Flybe could buy up rivals
06 August 2008
Flybe - set for sky-high results Budget airline Flybe last night predicted it will post record results for 2007-8 - and hinted it will look to buy rivals struggling with the hike in oil prices and slowing economy.
Flybe shrugged off claims from one City analyst that smaller carriers are likely to struggle this year and predicted its performance in April, May and June will outstrip profits and revenues for the same time last year.
The comments came just days after Ryanair warned it may make a £47m annual loss this year because of the hike in oil prices, and British Airways blamed a doubling of fuel costs for a fall in pre-tax profits in the three months to June to £37m compared with £298m a year earlier.
Flybe - which operates flights to Edinburgh, Manchester, Dublin, Jersey and Guernsey from Norwich International - said its annual results for 2007-8 will top the £355m turnover and £15.6m pre-tax profit posted in 2006-7.
Mike Rutter, chief commercial officer of Flybe, said that although the price of aviation fuel had risen by 100pc in nine months, the airline's fuel bill was still only 24pc of its total operating costs - compared to 50pc of Ryanair's operating costs.
Mr Rutter said: “So why are we at Flybe so confident that we'll be able to, forgive the pun, ride out the current economic turbulence?
“Well to start with, scale is crucial. As Europe's largest regional carrier - we will carry 8m passengers in 2008 - we have been preparing for these challenges for five years.
“Though no one could have predicted just how large the increase in the oil price would be, we were clear it was going up.”
He added: “We were also clear a couple of years ago that consumer appetite for visiting places they'd never heard of would wane, dented by a weakening economy and a consumer backlash to the low-grade service attitude of some of the hard-core low-cost airlines.
“As a result we have developed an extensive route network to city-centre destinations, of which over 80pc are on a frequency of two or more a day, whereas many of our competitors have the opposite.”
Mr Rutter said that Flybe had been “highly acquisitive” in the past and that it “intends to grow despite these difficult financial times”.
Richard Jenner, managing director of Norwich International, said he was pleased to hear Flybe would post record results.
“We're pleased that it means they are strong players in the market, they have a base here and we still hope over time they will grow capacity here on routes that are viable for them,” Mr Jenner said.
Niall Duffy, head of press and public affairs for Flybe, said: “It is tough out there, but we are in much better shape than other airlines, because of the investment we've made in our aircraft and the fact that, uniquely, we are ahead of 2007 in the same quarter. That leaves us in a very strong position.”
Flybe could buy up rivals
06 August 2008
Flybe - set for sky-high results Budget airline Flybe last night predicted it will post record results for 2007-8 - and hinted it will look to buy rivals struggling with the hike in oil prices and slowing economy.
Flybe shrugged off claims from one City analyst that smaller carriers are likely to struggle this year and predicted its performance in April, May and June will outstrip profits and revenues for the same time last year.
The comments came just days after Ryanair warned it may make a £47m annual loss this year because of the hike in oil prices, and British Airways blamed a doubling of fuel costs for a fall in pre-tax profits in the three months to June to £37m compared with £298m a year earlier.
Flybe - which operates flights to Edinburgh, Manchester, Dublin, Jersey and Guernsey from Norwich International - said its annual results for 2007-8 will top the £355m turnover and £15.6m pre-tax profit posted in 2006-7.
Mike Rutter, chief commercial officer of Flybe, said that although the price of aviation fuel had risen by 100pc in nine months, the airline's fuel bill was still only 24pc of its total operating costs - compared to 50pc of Ryanair's operating costs.
Mr Rutter said: “So why are we at Flybe so confident that we'll be able to, forgive the pun, ride out the current economic turbulence?
“Well to start with, scale is crucial. As Europe's largest regional carrier - we will carry 8m passengers in 2008 - we have been preparing for these challenges for five years.
“Though no one could have predicted just how large the increase in the oil price would be, we were clear it was going up.”
He added: “We were also clear a couple of years ago that consumer appetite for visiting places they'd never heard of would wane, dented by a weakening economy and a consumer backlash to the low-grade service attitude of some of the hard-core low-cost airlines.
“As a result we have developed an extensive route network to city-centre destinations, of which over 80pc are on a frequency of two or more a day, whereas many of our competitors have the opposite.”
Mr Rutter said that Flybe had been “highly acquisitive” in the past and that it “intends to grow despite these difficult financial times”.
Richard Jenner, managing director of Norwich International, said he was pleased to hear Flybe would post record results.
“We're pleased that it means they are strong players in the market, they have a base here and we still hope over time they will grow capacity here on routes that are viable for them,” Mr Jenner said.
Niall Duffy, head of press and public affairs for Flybe, said: “It is tough out there, but we are in much better shape than other airlines, because of the investment we've made in our aircraft and the fact that, uniquely, we are ahead of 2007 in the same quarter. That leaves us in a very strong position.”
Join Date: Apr 2007
Location: The Nether Region
Posts: 231
Likes: 0
Received 0 Likes
on
0 Posts
In response to that article a few posts above, what would they acquire though? There isn't much left in the UK unless they went for Eastern or Air Southwest; unless there is something I'm missing. Can't really tell if those two would be up their street.
Join Date: Sep 2006
Location: Co. Antrim UK
Posts: 742
Likes: 0
Received 0 Likes
on
0 Posts
Would they ever buy Belfast City Airport as its about to pop onto the market (maybe its on already). This would effectly protect their operations at Belfast-a major base of theirs.
I REALLY SHOULDN'T BE HERE
protect their operations
Is their BHD operation under attack? Flybe have the right aircraft and the right routes out of Belfast City Airport. No need to lease the place.
sr
Join Date: Apr 2008
Location: UK
Posts: 4
Likes: 0
Received 0 Likes
on
0 Posts
Flybe announces record annual pre-tax profits in 2007/08
as announced on flybe's website:
Flybe announces record annual pre-tax profits in 2007/08 and strong growth in the first quarter of 2008/09
08 September 2008
Leading regional airline reports 14% increase in 08/09 Q1 profit in a globally loss-making market Flybe, one of Europe’s largest and most successful regional airline, has today announced record financial results for the year ending 31 March 2008, with a 46% increase in turnover to £535.9 million and an underlying profit before tax of £35.4million, representing an improvement of £20m over the previous year.
With global airline losses forecast to exceed $5bn* this year and with many industry players struggling in light of the current economic instability, Flybe continues to go from strength to strength, recording pre-tax earnings of £12.2 million for the first quarter of this year (April – June 2008), an increase of 14% on last year, as well as an 18% increase in passenger figures on the same period last year.
Other notable developments in the last 15 months include:
- Successful integration of BA Connect
- Continued growth of the airline, now selling over 190 destinations across Europe making Flybe one of Europe’s largest and most successful regional airline
- Launch of the world’s first aviation ecolabel
- Continued commitment to deliver a dual-type environmentally sensitive fleet by mid-2009
- Groundbreaking Loganair franchise deal positioning Flybe as Scotland’s second largest airline
Over the last six years, Flybe has grown from an airline with 41 routes and 1.9 million passengers to what it is today – a nationally recognised brand that flew 7-million passengers last year, with new aircraft orders worth $2bn and now selling to over 190 destinations throughout regional Europe today. This has all helped to deliver passenger and turnover growth considerably since 2002.
In a year of outstanding achievement and strategic development, which also delivered an exceptionally strong trading performance despite a challenging economic climate, Flybe Chairman and Chief Executive Officer, Jim French says: “Flybe became one of Europe’s largest regional airlines in 2007/08 in what was a transformational year for the business as we successfully integrated and realised the benefits of the acquisition of BA Connect.
“This year, with passenger volumes of over 7 million being flown on 520 flights a day across a route network of over 190 destinations being sold under the Flybe brand, serving the major business and leisure destinations of Europe, Flybe can count itself as one of the major players in the airline industry which is a remarkable achievement.
“With current fuel costs at 24% of total costs, Flybe’s fuel costs represent one of the lowest percentage burdens in the industry. With one of the most fuel-efficient fleets and a passenger base that is less dependent upon discretionary leisure spend, Flybe is continuing to perform strongly in the current difficult environment. In the first quarter’s trading of this year, both revenues and operating profits were significantly higher than in the same period last year.
“The combination of our long-term strategy, focussed management actions and strong cash position gives us a major opportunity to maximise the opportunities that will surely come as the industry enters a period of consolidation.”
Flybe announces record annual pre-tax profits in 2007/08 and strong growth in the first quarter of 2008/09
08 September 2008
Leading regional airline reports 14% increase in 08/09 Q1 profit in a globally loss-making market Flybe, one of Europe’s largest and most successful regional airline, has today announced record financial results for the year ending 31 March 2008, with a 46% increase in turnover to £535.9 million and an underlying profit before tax of £35.4million, representing an improvement of £20m over the previous year.
With global airline losses forecast to exceed $5bn* this year and with many industry players struggling in light of the current economic instability, Flybe continues to go from strength to strength, recording pre-tax earnings of £12.2 million for the first quarter of this year (April – June 2008), an increase of 14% on last year, as well as an 18% increase in passenger figures on the same period last year.
Other notable developments in the last 15 months include:
- Successful integration of BA Connect
- Continued growth of the airline, now selling over 190 destinations across Europe making Flybe one of Europe’s largest and most successful regional airline
- Launch of the world’s first aviation ecolabel
- Continued commitment to deliver a dual-type environmentally sensitive fleet by mid-2009
- Groundbreaking Loganair franchise deal positioning Flybe as Scotland’s second largest airline
Over the last six years, Flybe has grown from an airline with 41 routes and 1.9 million passengers to what it is today – a nationally recognised brand that flew 7-million passengers last year, with new aircraft orders worth $2bn and now selling to over 190 destinations throughout regional Europe today. This has all helped to deliver passenger and turnover growth considerably since 2002.
In a year of outstanding achievement and strategic development, which also delivered an exceptionally strong trading performance despite a challenging economic climate, Flybe Chairman and Chief Executive Officer, Jim French says: “Flybe became one of Europe’s largest regional airlines in 2007/08 in what was a transformational year for the business as we successfully integrated and realised the benefits of the acquisition of BA Connect.
“This year, with passenger volumes of over 7 million being flown on 520 flights a day across a route network of over 190 destinations being sold under the Flybe brand, serving the major business and leisure destinations of Europe, Flybe can count itself as one of the major players in the airline industry which is a remarkable achievement.
“With current fuel costs at 24% of total costs, Flybe’s fuel costs represent one of the lowest percentage burdens in the industry. With one of the most fuel-efficient fleets and a passenger base that is less dependent upon discretionary leisure spend, Flybe is continuing to perform strongly in the current difficult environment. In the first quarter’s trading of this year, both revenues and operating profits were significantly higher than in the same period last year.
“The combination of our long-term strategy, focussed management actions and strong cash position gives us a major opportunity to maximise the opportunities that will surely come as the industry enters a period of consolidation.”
Join Date: Jan 2006
Location: Solihull
Age: 60
Posts: 3,325
Likes: 0
Received 0 Likes
on
0 Posts
Inverness
JNP
BHX-INV is scheduled as a 145 until the winter timetable.
However per acarsd 145's Q400's and 195's have been on the route.
Plenty of aircraft subs still at BHX.
Pete
BHX-INV is scheduled as a 145 until the winter timetable.
However per acarsd 145's Q400's and 195's have been on the route.
Plenty of aircraft subs still at BHX.
Pete
Join Date: May 2002
Location: England
Posts: 247
Likes: 0
Received 0 Likes
on
0 Posts
Well going by the Easy thread Easy are announcing Flybe aquire Easy Jet! Or will it be Easy aquire Flybe????????????
And yes unless last minute change the BHX INV will be on the 145 you lucky lucky punter!
And yes unless last minute change the BHX INV will be on the 145 you lucky lucky punter!