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Flybe-9

Old 30th Oct 2018, 20:04
  #701 (permalink)  
 
Join Date: Aug 2017
Location: exeter
Posts: 16
Sadly we are im afraid toast .........
bodminsteve is offline  
Old 30th Oct 2018, 20:13
  #702 (permalink)  
 
Join Date: Aug 2014
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Originally Posted by Jetscream 32 View Post
10p now as predicted - pretty sure that's the threshold major shareholders take notice of and start to push for immediate changes in management...


Stable doors and bolting horses comes to mind
Brigantee is offline  
Old 30th Oct 2018, 20:20
  #703 (permalink)  
 
Join Date: May 2017
Location: Belfast
Posts: 287
10p surely that's heading towards junk status. Surely investors need some reasurances and all this BEFORE the actual statement in November.
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Old 30th Oct 2018, 22:56
  #704 (permalink)  
 
Join Date: Jul 2003
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Thomas Cook shares dropped to (I think) 10p a few years ago, but have now recovered. Stagecoach did the same. It's not necessarily fatal, but it takes good management to escape.
LGS6753 is offline  
Old 31st Oct 2018, 00:11
  #705 (permalink)  
 
Join Date: Feb 2016
Location: London
Posts: 147
I think the issue will be suppliers and whether they start demanding upfront payments. I appreciate there are many people whose livelihoods are directly affected by this and I hope they pull through.
nguba is offline  
Old 31st Oct 2018, 00:20
  #706 (permalink)  
 
Join Date: Aug 2014
Location: East London
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Originally Posted by LGS6753 View Post
Thomas Cook shares dropped to (I think) 10p a few years ago, but have now recovered. Stagecoach did the same. It's not necessarily fatal, but it takes good management to escape.
Barclays dropped to 30-40p at one time in the not so distant past. Junk status presents opportunities for the brave, also just us BE could indeed be ďtoastĒ they could equally be a target for someone.
AirportPlanner1 is offline  
Old 31st Oct 2018, 01:51
  #707 (permalink)  
 
Join Date: Aug 2017
Location: exeter
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Originally Posted by LGS6753 View Post
Thomas Cook shares dropped to (I think) 10p a few years ago, but have now recovered. Stagecoach did the same. It's not necessarily fatal, but it takes good management to escape.

Sadly good management is very short supply in Flybe , Iíve no confidence whatsoever the grown ups are capable of extricating us from this dreadful mess of their making


Yet another airline staffed by fantastic people let down by dreadful managment , This crisis hasnít just happened itís been fermenting for a long time .
bodminsteve is offline  
Old 31st Oct 2018, 09:05
  #708 (permalink)  
 
Join Date: Oct 2004
Location: UK
Posts: 1,646
Reading the through the last couple of pages, one sincerely hopes that city movers and shakers aren't giving too much credence to the (management) expertise of posters, else the more negative posts may become self fulfilling prophesies, with the inevitable consequences for airline and airport staff, both direct and indirect employees.

It's important to remember that this is a public forum that can, and I'm sure is, read widely outside the industry.

I'm glad the fat isn't being chewed so publicly about my employer.
ATNotts is offline  
Old 31st Oct 2018, 10:43
  #709 (permalink)  
 
Join Date: Aug 2007
Location: West Yorkshire
Posts: 609
I think you`ll find that the `Fat is being chewed` well and truely elsewhere ( mainly financial forums).. I doubt PPRuNe would be the straw that broke this camels back..That said I do wish the staff all the best for the future. They deserve better than the present management who give the impression of being rabbits caught in the proverbial headlights.
paully is offline  
Old 31st Oct 2018, 12:43
  #710 (permalink)  
 
Join Date: Mar 2003
Location: Europe
Posts: 1,982
I suppose there are some very concerned airport CEOs to be found today in places like Belfast, Exeter or Southampton...

Without Flybe, regional flying in the UK would be pretty much non-existent, except for some niche operators like Blue Islands, Loganair and Aurigny.
virginblue is offline  
Old 31st Oct 2018, 14:53
  #711 (permalink)  
 
Join Date: Nov 2001
Location: 1000ft above you, giving you the bird!
Posts: 489
pd - it's not the lack of viability of the airline, its the lack of communication as to the path to be taken and giving confidence to the employees and the markets that - yes the chips are down - but we have a robust plan that is built on firm evidence as to the likely outcome and we have taken drastic steps to address items 1,2,3 - we have also prepared a risk register for Brexit and "black swan" events such as currency and hedged our fuel further etc..... actionable, achievable intelligence and objectives clearly communicated would work wonders right now.....!
Jetscream 32 is offline  
Old 31st Oct 2018, 21:02
  #712 (permalink)  
 
Join Date: May 2017
Location: Belfast
Posts: 287
Closed today at 10.25. And yet deafened by the silence. The Stobart news with BA must not have helped
Alteagod is offline  
Old 1st Nov 2018, 01:01
  #713 (permalink)  
 
Join Date: Aug 2014
Location: East London
Age: 37
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Originally Posted by Alteagod View Post
Closed today at 10.25. And yet deafened by the silence. The Stobart news with BA must not have helped
Why is the Stobart news relevant? BE donít operate E190s anyway
AirportPlanner1 is offline  
Old 1st Nov 2018, 01:36
  #714 (permalink)  
 
Join Date: Mar 2004
Location: Dorset
Posts: 171
There are no reports of FlyBE being unable to pay bills at the moment.
No, but this doesn't make for great reading. Every large company now has to report publicly on this. With 73% of invoices not paid within terms, it's one of the worst performances of any UK airline I could see. I haven't checked off every single one, but I could only see one worse report and that was one of their franchise partners... In fairness to Flybe, the TCX report doesn't look marvellous either.
Albert Hall is offline  
Old 1st Nov 2018, 12:23
  #715 (permalink)  
 
Join Date: Mar 2003
Location: Europe
Posts: 1,982
How is, by the way, the handling of third party monies by Flybe as a franchisor organized? Are monies paid by passengers on Flybe's website for Eastern / Blue Islands / Stobart flights kept in separate trust accounts, are they immediately transfered to the franchisee (minus a franchise fee) or do they get mixed up with Flybe's own monies and everything gets sorted out only after a while? This appears to be an important aspect for a franchisee if the the franchisor is going through a rough patch of sea.
virginblue is offline  
Old 1st Nov 2018, 12:52
  #716 (permalink)  
 
Join Date: Aug 2007
Location: West Yorkshire
Posts: 609
Little ray of sunshine for them maybe, the share price has appreciated about 6% this morning and the shares trading just under 11p..Every little helps, as they say. May be some good news in the offing?
paully is offline  
Old 1st Nov 2018, 13:23
  #717 (permalink)  
 
Join Date: Apr 2010
Location: London
Posts: 389
Originally Posted by bodminsteve View Post



Sadly good management is very short supply in Flybe , I’ve no confidence whatsoever the grown ups are capable of extricating us from this dreadful mess of their making


Yet another airline staffed by fantastic people let down by dreadful managment , This crisis hasn’t just happened it’s been fermenting for a long time .
This is the airline that thought it could start flights to the Orkney Island, the Shetland and Hebrides in the winter, as well as flooding the niche Glasgow Manchester market against them. It surely was not a business decision but a fit of pique at Loganair daring to go on their own.
SealinkBF is offline  
Old 1st Nov 2018, 14:25
  #718 (permalink)  
 
Join Date: Nov 1999
Location: Ireland
Posts: 1,609
An industry analysis firm has posted an interesting item on LinkedIn showing the estimated profit/loss per passenger at each flyBE base.
Cyrano is online now  
Old 1st Nov 2018, 14:54
  #719 (permalink)  
 
Join Date: May 2017
Location: Belfast
Posts: 287
Is there a link to it?
Alteagod is offline  
Old 1st Nov 2018, 15:14
  #720 (permalink)  
 
Join Date: Nov 1999
Location: Ireland
Posts: 1,609
Sorry, I was being too subtle in my linking!
Cyrano is online now  

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