FlyBe - 6
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just heard the latest master stroke all line maintenance is now to be done by a competitors engineers.....I'm sure they will have the same drive as our guys...you could not make it up
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Originally Posted by spottilludrop
Only a matter of time before its all over I reckon
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Look at the share price. The losses are public record. Flybe needed the cash from Ryanair to shore up its balance sheet cos al the cash from the BAConnect deal has been blown. Rutter used to run a tight ship in the uk but now Exeter is jut playing with it and the Walker Trust just wanted out not to have to put more cash in.
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One can only assume spottilludrop has been affected by the outsourcing and has turned sour. It's the natural reaction when changes are made which affects your job. But the others are right this is not the place to make stupid comments like those that were written.
Flybe are not going - the considerable cost saving methods introduced will help improve the company's financial situation.
Back to facts, the Sou Bcn route is only affected during, as mentioned, April and May. With the amount of routes being offered in S13 I don't think the reduction in one service is much reflection on the company's overall success. I hope that Bcn does pick up though from both Ext and Sou as its a great weekend destination.
Flybe are not going - the considerable cost saving methods introduced will help improve the company's financial situation.
Back to facts, the Sou Bcn route is only affected during, as mentioned, April and May. With the amount of routes being offered in S13 I don't think the reduction in one service is much reflection on the company's overall success. I hope that Bcn does pick up though from both Ext and Sou as its a great weekend destination.
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I'm not directly affected by the lunatic move to let one of our rivals play a vital role in the operation, I do however see it as indicative of the malaise killing the company
Spandex you an bet your house on the fact if the losses continue no ones going to stop flybe fading away,why should they?
Spandex you an bet your house on the fact if the losses continue no ones going to stop flybe fading away,why should they?
Last edited by spottilludrop; 31st Mar 2013 at 21:03.
A company can continue making losses for a number of years yet remain in business. It can use reserves, increase borrowings, tap existing shareholders, sell assets, issue new shares, etc. What it can't do is run out of cash.
FlyBe must be hoping for glimmers of light in the economy, both in UK and Europe, but at present the UK economy is looking flat, and Europe positively worrying.
I suspect there is no short-term concern about FlyBe's ability to survive, but its route to survival may mean adjustments to its business model, and that could be uncomfortable for those involved.
FlyBe must be hoping for glimmers of light in the economy, both in UK and Europe, but at present the UK economy is looking flat, and Europe positively worrying.
I suspect there is no short-term concern about FlyBe's ability to survive, but its route to survival may mean adjustments to its business model, and that could be uncomfortable for those involved.
Flybe share price as of Thursday evening just before the Easter weekend was 43 pence, which values Flybe as a whole (including the bits owned by British Airways, the Jack Walker Trust, all the company bigwigs, and everything else) as £32.3 million
By way of comparison, Easyjet as a company is valued at £4,280 million. Yes, Easyjet really is worth over 130 times that of Flybe.
Flybe's share price is down 15% in the last 3 months, or down 39% in the last 12 months. Shareholders at the next AGM, or stock analysts at the next public facing investor day are likely to have concerns. The presentation given 2 months ago on 23rd January was there to deal with some of the difficult questions that some of the shareholders and stock analysts would have had anyway. Jim French as Chairman+CEO and Andrew Knuckey as Chief Financial Officer will be aware of a certain amount of additional pressure on their shoulders.
Flybe | Corporate | About Flybe | Company history
FLYB:London Stock Quote - Flybe Group PLC - Bloomberg
By way of comparison, Easyjet as a company is valued at £4,280 million. Yes, Easyjet really is worth over 130 times that of Flybe.
Flybe's share price is down 15% in the last 3 months, or down 39% in the last 12 months. Shareholders at the next AGM, or stock analysts at the next public facing investor day are likely to have concerns. The presentation given 2 months ago on 23rd January was there to deal with some of the difficult questions that some of the shareholders and stock analysts would have had anyway. Jim French as Chairman+CEO and Andrew Knuckey as Chief Financial Officer will be aware of a certain amount of additional pressure on their shoulders.
Flybe | Corporate | About Flybe | Company history
FLYB:London Stock Quote - Flybe Group PLC - Bloomberg
Last edited by davidjohnson6; 1st Apr 2013 at 16:46.
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FlyBe
Originally Posted by spottilludrop
Only a matter of time before its all over I reckon
Originally Posted by spottilludrop
Only a matter of time before its all over I reckon
It is really about time that some of you folk out there decided to "grow up, or shut up"! I can only conclude that you work for the "gutter press" with all you "black humourless speculation". Whilst acknowledging the right to freedom of expression some of your comments are destructive to the Company, damaging to the public and demoralising to the staff. What kind of kick do you get from "your irresponsible posts"?
Only a matter of time before its all over I reckon
Originally Posted by spottilludrop
Only a matter of time before its all over I reckon
It is really about time that some of you folk out there decided to "grow up, or shut up"! I can only conclude that you work for the "gutter press" with all you "black humourless speculation". Whilst acknowledging the right to freedom of expression some of your comments are destructive to the Company, damaging to the public and demoralising to the staff. What kind of kick do you get from "your irresponsible posts"?
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Can't someone just have an opinion, things don't look good for Flybe right now anybody with half a brain can see that so why shoot someone down for having the balls to go against the grain and say what they are thinking, it's not Nazi Germany 
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Rowly, I dont think the issue is someone expressing their opinion - it is the choice of words they have used. It is completely inappropriate and whether you believe a company will improve with any restructuring or not you have to be diplomatic when using a public forum. It is no secret that the irresponsible media use this to obtain information which quite often is not based on fact - simply one persons interpretation of a situation.
I am not quite sure what you mean by 'things dont look good' - are you a financial analyst? Do you have any idea of what Flybe's position is against other UK airlines other than EasyJet or Ryanair
Let's just keep to facts here ladies and gents and move on
I am not quite sure what you mean by 'things dont look good' - are you a financial analyst? Do you have any idea of what Flybe's position is against other UK airlines other than EasyJet or Ryanair
Let's just keep to facts here ladies and gents and move on
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Cloudy, I don't think you need to be a financial analyst to understand that Flybe's in a bit of poo. That's a fact, two really.
Easyjet and Ryanair are huge and profitable and worth way more than Flybe. That's a fact. In fact the comparison is borderline ridiculous.
The share price is as low as it's ever been. That's a fact.
More people than expected have, or are about to, jump ship. Costing hundreds of thousands in redundancy and leaving gaping holes in crew requirements. That's a fact.
Flybe operate two of the most efficient aircraft in the world with crew who are just about the lowest paid in the country and they can't make a profit. That's a fact.
Jim French earns nearly one and a half million pounds a year, more than Willy Walsh. That was a fact but may have changed. Wonder why the losses have been so great?! It's certainly not down to your extravagant salary. That's a fact.
None of that is a secret. That's a fact.
Do you think things look good?
Easyjet and Ryanair are huge and profitable and worth way more than Flybe. That's a fact. In fact the comparison is borderline ridiculous.
The share price is as low as it's ever been. That's a fact.
More people than expected have, or are about to, jump ship. Costing hundreds of thousands in redundancy and leaving gaping holes in crew requirements. That's a fact.
Flybe operate two of the most efficient aircraft in the world with crew who are just about the lowest paid in the country and they can't make a profit. That's a fact.
Jim French earns nearly one and a half million pounds a year, more than Willy Walsh. That was a fact but may have changed. Wonder why the losses have been so great?! It's certainly not down to your extravagant salary. That's a fact.
None of that is a secret. That's a fact.
Do you think things look good?
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I am not saying they are in the best of shapes by any means, although I do not profess to knowing the ins and outs of the company's expenditure and the total number of staff leaving in relation to those staying across the UK. Therefore I reserve my opinion on this matter which I feel is best
What I'm trying to do is get the small yet significant message out there that none of us really know how bad things are in the grand scheme of things compared to other airlines. The comparison given on here regarding Shares was Easyjet hence my reference although agreed apples and oranges.
Now in the interests of not saying anything which could be misinterpreted such as suggesting things are about to end(!!) can people please consider their choice of wording. That's all that is being requested and I really cannot see how this is a particularly big ask
What I'm trying to do is get the small yet significant message out there that none of us really know how bad things are in the grand scheme of things compared to other airlines. The comparison given on here regarding Shares was Easyjet hence my reference although agreed apples and oranges.
Now in the interests of not saying anything which could be misinterpreted such as suggesting things are about to end(!!) can people please consider their choice of wording. That's all that is being requested and I really cannot see how this is a particularly big ask
Last edited by Cloud1; 1st Apr 2013 at 20:21. Reason: In order to not sound rude I figured I best rephrase my post....
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No I don't know everything, close though.
There really is no point denying things are as bad as they are, even in public, because all that guff I posted is readily available anyway.
It doesn't really matter how bad things are in the grand scheme of things or in comparison to other airlines. The only thing that does matter for Flybe is that things are pretty bad for Flybe.
There really is no point denying things are as bad as they are, even in public, because all that guff I posted is readily available anyway.
It doesn't really matter how bad things are in the grand scheme of things or in comparison to other airlines. The only thing that does matter for Flybe is that things are pretty bad for Flybe.
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More people than expected have, or are about to, jump ship. Costing hundreds of thousands in redundancy and leaving gaping holes in crew requirements. That's a fact.
As I say I am not saying its all rosy
Last edited by Cloud1; 1st Apr 2013 at 20:34.
In my reference against Easyjet, I'm aware that to some people, a company valuation of £32m sounds like some gi-normous global multinational company. The point I'm trying to make is to gain some measure of context against another UK airline which a) other people here will recognise and b) has reliable public information, and show that for a airline with lots of aircraft, plenty of employees and which flies a lot of people every day, Flybe's value is a long way from megabucks.
I could probably have chosen a comparison against other airlines, but I'm struggling to find an alternate European airline listed on a stockmarket that would make a better comparator.
I could probably have chosen a comparison against other airlines, but I'm struggling to find an alternate European airline listed on a stockmarket that would make a better comparator.
