Flybe-9
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Had a quick look at the Edinburgh and Birmingham routes from knock and Birmingham not bookable after mid June and Edinburgh via Manchester in July but direct in August .Routes seemed to be doing well hopefully it’s just a system glitch .
Join Date: May 2018
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They have a strong balance sheet with a lot of liquidity. They can sustain losses on current level for several more years. The trading update does not justify the substantial drop in share price. Institutional investors did not reduce their holdings, thus not massive sell offs from this side. Analysts do not recommend a sell.
But the management must provide a convincing vision how to turn it around.
But the management must provide a convincing vision how to turn it around.
Join Date: Sep 2005
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They have a strong balance sheet with a lot of liquidity. They can sustain losses on current level for several more years. The trading update does not justify the substantial drop in share price. Institutional investors did not reduce their holdings, thus not massive sell offs from this side. Analysts do not recommend a sell.
But the management must provide a convincing vision how to turn it around.
But the management must provide a convincing vision how to turn it around.
https://www.londonstockexchange.com/.../13833930.html
Join Date: Mar 2004
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I'm not sure who you are trying to kid, but they have very limited liquidity given the size of the business. Cash does not decline on a linear basis in direct relation to losses - it tends to be much more volatile and will also be taking a hammering akin to the share price. It will take a particular hit if their payment card processors start to withhold revenue which has happened (to them) before and is a distinct possibility.
The institutional investor reaction is probably more a reflection of their lack of interest in relatively small holdings in relatively small companies in their portfolios.
The institutional investor reaction is probably more a reflection of their lack of interest in relatively small holdings in relatively small companies in their portfolios.
Join Date: May 2018
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Their annual report from June 2018 suggests: £95m gross cash and £93m net assets. Their current valuation on the stock market is: £26,87m.
Sure, if customers begin shying away due to the drop in share price there may be a more immediate pressure arising. You assume this will happen?
Sure, if customers begin shying away due to the drop in share price there may be a more immediate pressure arising. You assume this will happen?
Join Date: Nov 2002
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Re Balance sheet
Its called a balance sheet for a reason ,
You've called the net cash , what about the debts ?
the true picture shows a deficit of £59.1 million (1)
The claimed assets on the balance sheet look like junk to me, hence the market cap at the moment , they've sold everything saleable .
Its called a balance sheet for a reason ,
You've called the net cash , what about the debts ?
the true picture shows a deficit of £59.1 million (1)
The claimed assets on the balance sheet look like junk to me, hence the market cap at the moment , they've sold everything saleable .
- 5 Net debt is defined as total cash less borrowings. Straight lift from their published results .
Join Date: Nov 1999
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Re Balance sheet
Its called a balance sheet for a reason ,
You've called the net cash , what about the debts ?
the true picture shows a deficit of £59.1 million (1)
The claimed assets on the balance sheet look like junk to me, hence the market cap at the moment , they've sold everything saleable .
Its called a balance sheet for a reason ,
You've called the net cash , what about the debts ?
the true picture shows a deficit of £59.1 million (1)
The claimed assets on the balance sheet look like junk to me, hence the market cap at the moment , they've sold everything saleable .
- 5 Net debt is defined as total cash less borrowings. Straight lift from their published results .
Join Date: Sep 2005
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There seem to be 8 Flybe aircraft based at SOU overnight. But only 5 needed for the first morning wave. That’s not good utilisation if you ask me. The ERJ-195 seemed to have a full 13 or 14 hours on the ramp at SOU overnight.
Join Date: Sep 2005
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Utilisation problem
There seem to be 8 Flybe aircraft based at SOU overnight. But only 5 needed for the first morning wave. That’s not good utilisation if you ask me. The ERJ-195 seemed to have a full 13 or 14 hours on the ramp at SOU overnight.
Join Date: Sep 2008
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Just looked at Sou departures for Today and before 8:15 there are 7 scheduled Flybe departures, all of which will have been nightstoppers! Not sure where you got only 5 from unless you were checking a Sunday morning maybe!
Join Date: Jan 2017
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Sadly the lay over time at SOU is a requirement due to stringent curfew restrictions. SOU shuts at 2230L on a weekday, usually extendable but only by an hour or less...
Last edited by Jersey32D; 26th Oct 2018 at 11:11.
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It was Stobart Group that posted an £18m loss, Stobart Air £2.7m. A fair chunk of that I would imagine would be arising from EU261 payouts due to the woeful performance of the E195s this summer.
This is where the £18m came from:
https://polaris.brighterir.com/publi.../story/xlm4dpr
https://polaris.brighterir.com/publi.../story/xlm4dpr
Stobart Air has played a fundamental part in the growth strategy for London Southend Airport. As previously announced, Stobart Group incurred net costs of £18.0 million in route development and marketing for the airport. This expenditure represents the development of routes operated under the UK Flybe franchise operation (UKFFO). Demonstrating route viability and building customer awareness was central to securing a milestone agreement with Ryanair that will allow us to accelerate the growth of the airport.
Join Date: May 2018
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What ever is the reason for the theses costs, the SEN routes are Stobart's business with the commercial risk on their side. There were voices expressing concern when they decided offering these routes. What they did was wet leasing aircraft from Flybe to operate them under own risk under the Flybe label by also paying franchise fees (if they did not negotiate this away).
And then there were various changes in Stobart's strategy. The wanted to start operating the E95s much earlier but possibly failed to get the crews, so the flybe leases were extended. Now, that they have eventually acquired three E95s, they stop these routes. Not sure what are their plans for them now but they will have exactly the same problem that Flybe has with these airframes: How to make money with them?
And then there were various changes in Stobart's strategy. The wanted to start operating the E95s much earlier but possibly failed to get the crews, so the flybe leases were extended. Now, that they have eventually acquired three E95s, they stop these routes. Not sure what are their plans for them now but they will have exactly the same problem that Flybe has with these airframes: How to make money with them?
Join Date: Jul 2018
Location: Exmouth
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Forget mickey mouse providers such as Cardiff Aviation...
Join Date: Jul 2018
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Get real......FAS good as they are would not survive without the airline as our remit is to narrow , We can’t maintain anything like the range of aircraft MAEL can , We are limited to puddle jumpers i’m afraid .
Best bet cut our costs and farm everything out to MAEL , Then just keep the third party work in Exeter
All academic now anyway as COW has opened the seacocks good style and it’s just a matter of time sadly....Be nice to see FAS surviving but just cannot see it i’m afraid
Best bet cut our costs and farm everything out to MAEL , Then just keep the third party work in Exeter
All academic now anyway as COW has opened the seacocks good style and it’s just a matter of time sadly....Be nice to see FAS surviving but just cannot see it i’m afraid
Join Date: Aug 2017
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Get real......FAS good as they are would not survive without the airline as our remit is to narrow , We can’t maintain anything like the range of aircraft MAEL can , We are limited to puddle jumpers i’m afraid .
Best bet cut our costs and farm everything out to MAEL , Then just keep the third party work in Exeter
All academic now anyway as COW has opened the seacocks good style and it’s just a matter of time sadly....Be nice to see FAS surviving but just cannot see it i’m afraid
Best bet cut our costs and farm everything out to MAEL , Then just keep the third party work in Exeter
All academic now anyway as COW has opened the seacocks good style and it’s just a matter of time sadly....Be nice to see FAS surviving but just cannot see it i’m afraid
Join Date: Aug 2017
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MAEL don't have a good name within Flybe, without getting a lawsuit being thrown at me that's all I can say. As for throwing out all Flybe aircraft and keeping third party work, that's not going to happen because the union will never allow it, you'd basically end up with all the staff leaving or going on strike! To be honest if you love MAEL so much go work for them, you don't seem to have much of a clue on what your talking about.
As for having A320's/737's in the FAS Hangar it wouldn't work as the hangars aren't big enough, nor is there the man power, plus the cost of buying addition staging, jacks, training and other specialist tools wouldn't be seen as worth it when the airline has no interest in it themselves, its bad enough trying to get more staging for the Embraer as is!
As for having A320's/737's in the FAS Hangar it wouldn't work as the hangars aren't big enough, nor is there the man power, plus the cost of buying addition staging, jacks, training and other specialist tools wouldn't be seen as worth it when the airline has no interest in it themselves, its bad enough trying to get more staging for the Embraer as is!
Given the state we are in the bloody unions should not be dictating what we should and should not be doing , There are to many people stuck in the exeter bubble , If that bubble bursts they will be catapulted into the real world and they won’t like it....And they won’t leave because they have no where to go which is why we can get away with paying them a lot less than the going rate for engineers
We may not like MAEL but they are saving us a lot of money
We could dump them but we won’t for that very good reason , We cannot afford not to have them on board and that’s the facts of the matter
Last edited by bodminsteve; 28th Oct 2018 at 17:30.
Join Date: Nov 1999
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"..yet the second Christine took over Flybe has made a loss ever since?"
Flybe was pretty much fatally wounded by JF and the Embraer deal, and subsequent CEO's have been fighting to keep it alive. SH bought it some extra time by selling the LGW slots, and trading the fleet, but the time it took to get the E-jets off the books still left it a terminal case. COW had a very short window before the oxygen ran out, and starting a war with a monopoly Scottish airline (without a big enough war chest to ensure she won) may not have been the wisest use of that window. In her time in office the market cap of FlyBe has fallen by 75% - call that £70m of investors funds trashed. Also in the Chairman's time in office he has presided over the destruction of £195m of value! I'd like to think SL chose COW because she expounded a clear vision of how to cure FlyBe and give it hope.
Looking at it today, 2 years on, does anyone believe either of these folk have the proven ability to dig Flybe out of this mess, with that track record?
Is there any sign of a plan to save this very handy little airline, which deserves to survive for its loyal passengers and employees? I do hope so, but it seems to lurch from one bit of bad news to another, without anything good in between, and winter is fast approaching.
Flybe was pretty much fatally wounded by JF and the Embraer deal, and subsequent CEO's have been fighting to keep it alive. SH bought it some extra time by selling the LGW slots, and trading the fleet, but the time it took to get the E-jets off the books still left it a terminal case. COW had a very short window before the oxygen ran out, and starting a war with a monopoly Scottish airline (without a big enough war chest to ensure she won) may not have been the wisest use of that window. In her time in office the market cap of FlyBe has fallen by 75% - call that £70m of investors funds trashed. Also in the Chairman's time in office he has presided over the destruction of £195m of value! I'd like to think SL chose COW because she expounded a clear vision of how to cure FlyBe and give it hope.
Looking at it today, 2 years on, does anyone believe either of these folk have the proven ability to dig Flybe out of this mess, with that track record?
Is there any sign of a plan to save this very handy little airline, which deserves to survive for its loyal passengers and employees? I do hope so, but it seems to lurch from one bit of bad news to another, without anything good in between, and winter is fast approaching.