Flybe fresh profit warning
Expected result for the year 18/19 by £29m lower due to weaker demand, higher fuel prices and lower £.
Looks like that we should expect a further reduced schedule... and the uncertainties associated with brexit will not make it easier. |
At what point do you accept that the Flybe business model is just not working, and needs more fixing than just tinkering round the edges?
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Originally Posted by limited_sight
(Post 10285176)
Expected result for the year 18/19 by £29m lower due to weaker demand, higher fuel prices and lower £.
Looks like that we should expect a further reduced schedule... and the uncertainties associated with brexit will not make it easier. |
I think Flybe Is more vulnerable than many in the current political uncertainty. If Business travel is down and investment is down; and manufacturing is vulnerable, is provincial base means more impact is likely.
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Originally Posted by 22/04
(Post 10285260)
I think Flybe Is more vulnerable than many in the current political uncertainty. If Business travel is down and investment is down; and manufacturing is vulnerable, is provincial base means more impact is likely.
In essence cut back to the routes that they can and do make money on and can the rest - much smaller, slimmer operation, but one which does what shareholders want - makes profit and pays dividends! |
Originally Posted by ATNotts
(Post 10285268)
Does it run deeper than that? Is there a growing realisation that as BEA, and British Airways discovered, there is no money to be made out of connecting the regions of the UK by air. The best way forward may in fact be to make interlining arrangements with major carriers such as AF / KL and Lufthansa to feed into their hubs from UK regional airports, and retain just a few of the major domestics such as SOU, BHX and MAN to GLA / EDI and connecting Belfast to the main UK centres.
In essence cut back to the routes that they can and do make money on and can the rest - much smaller, slimmer operation, but one which does what shareholders want - makes profit and pays dividends! And why in these scenarios does Cardiff always gets dropped considering it's seen the most BE expansion lately and it's a government owned airport. |
and it's a government owned airport. |
Originally Posted by SWBKCB
(Post 10285292)
What's the relevance of this - thought the ownership was an "arms length" commercial arrangement?
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Flybe shares now down 37% on the day. Any chance of a new Stobart bid or was the first one just an Andrew Tinkler driven idea?
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Rather mischievous post above regarding that infamous Stobart/Tinkler bid for Flybe...
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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! |
Originally Posted by southside bobby
(Post 10285335)
Rather mischievous post above regarding that infamous Stobart/Tinkler bid for Flybe...
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I would say we’re not far from that barrier, maybe as low as 15p and I could see a takeover bid from someone - either Stobart, AIL or even IAG. |
Mike Ashley, perhaps?
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Originally Posted by toledoashley
(Post 10285381)
I would say we’re not far from that barrier, maybe as low as 15p and I could see a takeover bid from someone - either Stobart, AIL or even IAG. |
Perhaps research the Stobart tilt at Flybe in the business pages after that event...
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I wonder if they would think of doing something similar to Air Malta and sell flights through Ryanairs website. Would give them bigger exposure.
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Oh my word - has anyone seen the new edition of Airliner World?
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Yes....huge article on Flybe
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Can't remember - is it Airliner World or a different magazine which is known for its feature curse ?
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