FlyBe - 6
Wingo - yes, £32m is the current market cap. There are approx 75.2 million shares in issue, so £0.43 times 75.2 million = £32.3m
The 75m shares may increase slightly to handle share options granted to both staff and directors, but it is very unlikely to take the number of shares to much more than about 76m before the 2012-2013 annual report is issued.
The 75 million share represents all the shares in issue - it includes the 36m shares owned by the JW trust, the 10.9m shares owned by IAG, the 4m shares owned by Jim French, and all the other shares available for the general public to buy and sell via a standard stockbroker as they see fit. Thus, the JW trust owns shares worth about £15.5m while IAG own shares worth about £1.7m
Wingo - yes, you're right - there is no magic in the formula.
The 75m shares may increase slightly to handle share options granted to both staff and directors, but it is very unlikely to take the number of shares to much more than about 76m before the 2012-2013 annual report is issued.
The 75 million share represents all the shares in issue - it includes the 36m shares owned by the JW trust, the 10.9m shares owned by IAG, the 4m shares owned by Jim French, and all the other shares available for the general public to buy and sell via a standard stockbroker as they see fit. Thus, the JW trust owns shares worth about £15.5m while IAG own shares worth about £1.7m
Wingo - yes, you're right - there is no magic in the formula.
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.
cockayne - I think your friends or colleagues are being a little over pessimistic. Flybe may not exist in its current form (eg taken over by other airline) but it's unlikely to disappear completely in 12 months
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Interesting
I have been reading the posts of so called experts and their views on the future of Flybe and feel that I need to just bring up a few points
1. All we as the public and even some staff may see is what is released to media and in staff memos. I am sure that a lot more information is monitored and gathered to give the people who are in the know the information required to enable to do the best for the company.
2. We see routes being cut and dropped at present surely is a route is making a loss then this is the best thing to do. No business would continue with a route or product that losses money.
3. Yes there is a lot of restructuring happening at present but again for the long term this is for the best. Many large companies recently have either been unable to just or just ignored situations that needed restructuring until it was all too late, Woolworths, Jesssops, HMV to name a few. Everyone should be currently praising the managers and board members who have had to balls to say "We have an issue here lets do something about it".
4. Please remember all these cutbacks and restructuring are not to increase the profit margin at this stage it's just to get back into profit, it's not as if Flybe are making Billions and saying lets screw the staff over to make even more.
5. If you look at the predicted savings then next year Flybe will be back in profit, at this stage Flybe are still under their own control and selecting the best way forward. Anyone who understands how businesses work will not be surprised by this as they will be well aware how many times this happens in all types of companies.
and finally
Will everyone with negatives comments please stop them. Anyone on this forum is here because they are interested in aviation and should all be hoping for the best for ALL airlines. All negative comments do is spread worry and fear in staff and the public. This in turn weakens morale and causes people not to book with the airline. And as for the Flybe staff who do not believe that Flybe will not be here in a few years then do the decent thing and leave now and let the staff who are loyal and believe in the future do their best to support the company.
Rant over.
1. All we as the public and even some staff may see is what is released to media and in staff memos. I am sure that a lot more information is monitored and gathered to give the people who are in the know the information required to enable to do the best for the company.
2. We see routes being cut and dropped at present surely is a route is making a loss then this is the best thing to do. No business would continue with a route or product that losses money.
3. Yes there is a lot of restructuring happening at present but again for the long term this is for the best. Many large companies recently have either been unable to just or just ignored situations that needed restructuring until it was all too late, Woolworths, Jesssops, HMV to name a few. Everyone should be currently praising the managers and board members who have had to balls to say "We have an issue here lets do something about it".
4. Please remember all these cutbacks and restructuring are not to increase the profit margin at this stage it's just to get back into profit, it's not as if Flybe are making Billions and saying lets screw the staff over to make even more.
5. If you look at the predicted savings then next year Flybe will be back in profit, at this stage Flybe are still under their own control and selecting the best way forward. Anyone who understands how businesses work will not be surprised by this as they will be well aware how many times this happens in all types of companies.
and finally
Will everyone with negatives comments please stop them. Anyone on this forum is here because they are interested in aviation and should all be hoping for the best for ALL airlines. All negative comments do is spread worry and fear in staff and the public. This in turn weakens morale and causes people not to book with the airline. And as for the Flybe staff who do not believe that Flybe will not be here in a few years then do the decent thing and leave now and let the staff who are loyal and believe in the future do their best to support the company.
Rant over.
Website
A while ago I had a moan here about it not being possible to.access the main Flybe website from an Android device in an easy manner. Dunno if it's because someone at Flybe read my moan, but it's now been fixed. If the IT developer who did the fix is reading this, then many thx for your efforts.
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Excellent post Guern. I suspect there may be one or two smug gits on here, who were maybe at risk and now heading off with for a better life but who get a kick out of a bit of schadenfreude. Good luck to you but some of us want, and yes, need the "new" company to succeed.
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Guern, agree with most of what you say apart from two points. One was you said that cutting routes and non profitable services was a good move. The problem I see is that the schedules were released and within a matter of days there were cuts being made. This does not win the airline any passenger confidence.
Also, you said about praising the Management for acting. I can see where you are going with this however one has to question why the company is in the current situation it is in. One cannot help but think October 2011 was significant here.
However, you are right - the changes are a pathway hopefully to getting back to profit so lets all look at the positives rather than the negatives.
Also, you said about praising the Management for acting. I can see where you are going with this however one has to question why the company is in the current situation it is in. One cannot help but think October 2011 was significant here.
However, you are right - the changes are a pathway hopefully to getting back to profit so lets all look at the positives rather than the negatives.
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Taken from Wednesday's Aviation News:
I assume that the reference to the "Embraer" is to the 175 rather than the 195 but since I was told that the deal negotiated with Embraer meant that the aircraft-mile costs of the 175 were close to those of the Q400 and, therefore seat-mile costs were considerably lower, I wonder if this has been borne out in practice i.e. whether the 175 is turning once profitable Q400 routes into losses?
Now many may disagree, including Flybe, but the fact is that Flybe, Europe’s largest regional airline has seen its mission economics destroyed by the introduction of the Embraer into the fleet. Flybe and others might argue that the Q400 just was not reliable enough and they had to act, this is true but as it has turned out the airline should have moved for the ATR72.
With more than five regional jet manufacturers in the market, it is clear that someone somewhere is going to lose out in a major way. For Flybe it is clear that they need to either re-organise and re-focus or re-fleet. See Airline Economics issue 13 for a full data lead story in conjunction with ch-aviation on the plight of the regional sector.
With more than five regional jet manufacturers in the market, it is clear that someone somewhere is going to lose out in a major way. For Flybe it is clear that they need to either re-organise and re-focus or re-fleet. See Airline Economics issue 13 for a full data lead story in conjunction with ch-aviation on the plight of the regional sector.
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It would appear to be the other way round. As I understand it, the 195 is the problem. It only makes money when operating the charter flights! Even full bucket and spades see route losses over the year/season! 
This is of interest as TRIP in Brazil I understand have just canned their 175s as they found those to be the problem. it seems, perhaps, that only one EJET, not both is the way forward depending on the peculiarities of your airline's market segment.
This is of interest as TRIP in Brazil I understand have just canned their 175s as they found those to be the problem. it seems, perhaps, that only one EJET, not both is the way forward depending on the peculiarities of your airline's market segment.
Last edited by VNAVPTH; 5th Apr 2013 at 10:49.
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Interesting -especially as when Mrs Torque and I try to book seats SOU - PMI there's rarely availabity and, when there is, the fares are £hundreds more than U2 from LGW!
Torquelink
This means that one of two scenarios are true:-
Either, they have got the supply and demand right, and that they can therefore charge an economic fare on SOU-PMI, which permits them to make a handsome profit from passengers who will pay for the convenience of flying local to driving to LGW.
Or, most of the seats are blocked off for tour operators making the service a quasi IT with very few seats on the open market, driving up the price on the few available..
You can make the same comparisons, for example, flying to Newark on Continental from the "regions" (that's anywhere outside the "favoured southest") and London. Regional fares are never as competitive as London ones - I suppose it makes up for their high cost of living!
This means that one of two scenarios are true:-
Either, they have got the supply and demand right, and that they can therefore charge an economic fare on SOU-PMI, which permits them to make a handsome profit from passengers who will pay for the convenience of flying local to driving to LGW.
Or, most of the seats are blocked off for tour operators making the service a quasi IT with very few seats on the open market, driving up the price on the few available..
You can make the same comparisons, for example, flying to Newark on Continental from the "regions" (that's anywhere outside the "favoured southest") and London. Regional fares are never as competitive as London ones - I suppose it makes up for their high cost of living!
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And today's genius idea from the company with no money, they'll pay APD for all passengers who book in the next few days for flights covering an entire year.
So, that's next year's excuse sorted already then.
So, that's next year's excuse sorted already then.
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ATNotts - Think that may well be the case, Thomson/First Choice sell packages using seats on Flybe's Mon/Fri SOU-PMI services and it is also worth considering they have increased to route to 4 weekly from 3 last summer and up to 6 weekly for Jul/Aug/Sep so it can't be doing too badly.
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FlyBE fleet flexibility
Does anyone know whether FlyBE changes equipment on single rotations according to demand?
I am specifically looking at BHX-HAJ over the next few days, where the next 3 days flights all appear as sold out, whilst two flights on HAJ-BHX over the coming days are full, and for a while now. All at sky high prices. Equipment appears unchanged to be Dash8 and E175 - why does BE not react flexibly by changing to E175/195 as appropriate? Is the BHX fleet fully utilised? No equipment changes possible? Does BE ever react to short-term demand fluctations?
I am specifically looking at BHX-HAJ over the next few days, where the next 3 days flights all appear as sold out, whilst two flights on HAJ-BHX over the coming days are full, and for a while now. All at sky high prices. Equipment appears unchanged to be Dash8 and E175 - why does BE not react flexibly by changing to E175/195 as appropriate? Is the BHX fleet fully utilised? No equipment changes possible? Does BE ever react to short-term demand fluctations?
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If loads are looking good I think they do adjust aircraft schedules but they would have to consider how it would affect later services. They couldn't swap if it meant the next rotation originally scheduled in the larger a/c was full. Also with automatic checkin and seat allocation, changes could potentially mess those up and create more hassle than its worth.
HAJ doesn't do badly out of BHX and its not uncommon mainly in the summer mind you to see the E195 on the route.
HAJ doesn't do badly out of BHX and its not uncommon mainly in the summer mind you to see the E195 on the route.
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First time poster, so be gentle with me for any breaches of etiquette etc...
But my user name probably tells you most of why I've been lurking on this forum for a few weeks and have now finally joined. I'm pretty much weekly going to DUS. 95% of this is Flybe rather than Lufthansa.
Anyway, I notice some of the Summer 2014 routes have gone on sale. On the one hand, this looks like a sensible measure to increase cash/working capital, but I do wonder how many people are in the position to be booking that far ahead - e.g. are the hotels and villas bookable yet?
As for the current APD offer, it's only for flights 6 months out, so it's not going to affect yield from business fares, in which case it all looks like normal commercial activity that
1- Gets some discretionary/price sensitive sales and associated cash
2- Gets some publicity on the long-term strategic goal of getting APD reduced (particuarly for regional flying)
I'm assuming FlyBe will have known this offer was coming and factored the discounts into the original price, as then actually it doesn't cost Flybe anything. It's all to do with how far in advance you book, and day/time of travel. All the loudly shouted offers are generally irrelevant to what I pay.
Regards
But my user name probably tells you most of why I've been lurking on this forum for a few weeks and have now finally joined. I'm pretty much weekly going to DUS. 95% of this is Flybe rather than Lufthansa.
Anyway, I notice some of the Summer 2014 routes have gone on sale. On the one hand, this looks like a sensible measure to increase cash/working capital, but I do wonder how many people are in the position to be booking that far ahead - e.g. are the hotels and villas bookable yet?
As for the current APD offer, it's only for flights 6 months out, so it's not going to affect yield from business fares, in which case it all looks like normal commercial activity that
1- Gets some discretionary/price sensitive sales and associated cash
2- Gets some publicity on the long-term strategic goal of getting APD reduced (particuarly for regional flying)
I'm assuming FlyBe will have known this offer was coming and factored the discounts into the original price, as then actually it doesn't cost Flybe anything. It's all to do with how far in advance you book, and day/time of travel. All the loudly shouted offers are generally irrelevant to what I pay.
Regards
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After reading comments on this and other forums re the state of Flybe at present, I wouldnt book a flight with them 12 days in advance let alone 12 months!
And therein lies Flybes problems.
And therein lies Flybes problems.