Flybe-9
Join Date: Apr 2008
Location: UK
Posts: 885
Likes: 0
Received 0 Likes
on
0 Posts
This the latest profits warning with things seemingly not changing for the better. There will be more routes/capacity slashed in order to stem the bleed. Only recently both Easyjet and Ryanair suggested that more regional airlines would go bust within the next 12 months. BE don’t hedge their fuel costs like the LCC’s, a major contributing factor for their struggles. I do hope they will eventually come out the other side although increasingly have my doubts!
Join Date: Jan 2014
Location: Daws Heath Essex
Posts: 446
Likes: 0
Received 0 Likes
on
0 Posts
I am not sure 'infamous' is quite the word I would have used, 'opportunist' perhaps, after all business is a shark infested lagoon. The Flybe business model seems to be very flawed thanks to the legacy of Jim French together with the naive and binding contracts he and his board signed with Embraer. How low the share price has to go before the company becomes attractive to a prospective buyer remains to be seen. I am sure Stobart are grateful that the Tinkler deal didn't complete a few months ago.
Last edited by Planespeaking; 17th Oct 2018 at 12:20. Reason: clarification
Join Date: Feb 2005
Location: Crawley
Posts: 375
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: Nov 2001
Location: 1000ft above you, giving you the bird!
Posts: 579
Received 0 Likes
on
0 Posts
41% drop today down to 18.88 pence per share at the close - that's gonna hurt.....ouch!
Will be interesting to see if she steers the ship to port of refuge to ride out the storm (ie batten down the hatches, choose the top 10 routes) park everything else up and ride out the Brexit storm or continue thinking it will get better and continue with marginal yield on a load factor that will decrease as nerves in the market increases....
There will definitely be a knock at the door at some point....
Best of luck everyone....
Will be interesting to see if she steers the ship to port of refuge to ride out the storm (ie batten down the hatches, choose the top 10 routes) park everything else up and ride out the Brexit storm or continue thinking it will get better and continue with marginal yield on a load factor that will decrease as nerves in the market increases....
There will definitely be a knock at the door at some point....
Best of luck everyone....
Last edited by Jetscream 32; 17th Oct 2018 at 18:31. Reason: On the Gin too early... :)
Join Date: Sep 2005
Location: earth
Posts: 952
Likes: 0
Received 0 Likes
on
0 Posts
41% drop today down to £18.88 at the close - that's gonna hurt.....ouch!
Will be interesting to see if she steers the ship to port of refuge to ride out the storm (ie batten down the hatches, choose the top 10 routes) park everything else up and ride out the Brexit storm or continue thinking it will get better and continue with marginal yield on a load factor that will decrease as nerves in the market increases....
There will definitely be a knock at the door at some point....
Best of luck everyone....
Will be interesting to see if she steers the ship to port of refuge to ride out the storm (ie batten down the hatches, choose the top 10 routes) park everything else up and ride out the Brexit storm or continue thinking it will get better and continue with marginal yield on a load factor that will decrease as nerves in the market increases....
There will definitely be a knock at the door at some point....
Best of luck everyone....
Join Date: Aug 2016
Location: Oban, Scotland
Posts: 1,844
Likes: 0
Received 0 Likes
on
0 Posts
Seriously, surely the fundamental problem with Flybe, and other airlines operating in the same sector of the market anywhere, is that any route which grows to the point of real profitability will be poached by a LoCo. Flybe may be necessary to the traveling public, but will never do better than break even.