Scot Airways makes a £650,000 loss
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Scot Airways makes a £650,000 loss
ScotAirways, which operates flights out of Dundee to the City of London, reportedly ran up losses of more than half a million pounds last year.
But a spokesman for the company, now 94% owned by Perth-based Stagecoach founders Ann Gloag and Brian Souter, said today there were no plans to cut back on flights or staff, and that included operations at Dundee Airport.
Although income from the operator, which also flies from Edinburgh to London and Southampton to Amsterdam through 36 flights a day, made £19 million in a 42-week period to December last year, the most recent losses amount to £650,000.
A spokesman for the company declined to comment on the detail of the financial disclosures, contained in publicly available documents, but said this would have no effect on day-to-day operations at Dundee, which ferries passengers in one of its fleet of seven 31-seat Dornier aircraft.
“That includes staff, flights and frequency, and in fact we are always examining opportunities which may be available from Dundee, and we will continue to do so.”
The Stagecoach couple invested £5 million in the then Suckling Airways in 1999, but since that time there have been heavy losses, with Mr Souter and Mrs Gloag periodically increasing their shareholding by the injection of more cash.
In addition to shares, Stagecoach has continued to contribute to ScotAirways’ operating income. It paid nearly £100,000 for flights in the year to April, up from £87,000 the previous year.
But a spokesman for the company, now 94% owned by Perth-based Stagecoach founders Ann Gloag and Brian Souter, said today there were no plans to cut back on flights or staff, and that included operations at Dundee Airport.
Although income from the operator, which also flies from Edinburgh to London and Southampton to Amsterdam through 36 flights a day, made £19 million in a 42-week period to December last year, the most recent losses amount to £650,000.
A spokesman for the company declined to comment on the detail of the financial disclosures, contained in publicly available documents, but said this would have no effect on day-to-day operations at Dundee, which ferries passengers in one of its fleet of seven 31-seat Dornier aircraft.
“That includes staff, flights and frequency, and in fact we are always examining opportunities which may be available from Dundee, and we will continue to do so.”
The Stagecoach couple invested £5 million in the then Suckling Airways in 1999, but since that time there have been heavy losses, with Mr Souter and Mrs Gloag periodically increasing their shareholding by the injection of more cash.
In addition to shares, Stagecoach has continued to contribute to ScotAirways’ operating income. It paid nearly £100,000 for flights in the year to April, up from £87,000 the previous year.
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Does not sound positive. Surely the niche market that 'Suckling' enjoyed has been ruined by LC carriers and as many have found to their cost you cannot compete with small a/c against a 737 even if the LC punters have to travel to a more distant airport.
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ScotAirways accuses BA
SCOTAIRWAYS, the airline owned by Stagecoach tycoons Brian Souter and Ann Gloag, has reported British Airways to the Office of Fair Trading for alleged anti-competitive behaviour.
The airline claims BA is guilty of "predatory pricing", flooding the Edinburgh to London City airport route with cheap seats to put competitors out of business.
ScotAirways claims BA is subsidising the service with profits from other parts of the business.
SCOTAIRWAYS, the airline owned by Stagecoach tycoons Brian Souter and Ann Gloag, has reported British Airways to the Office of Fair Trading for alleged anti-competitive behaviour.
The airline claims BA is guilty of "predatory pricing", flooding the Edinburgh to London City airport route with cheap seats to put competitors out of business.
ScotAirways claims BA is subsidising the service with profits from other parts of the business.
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Buster
Please can you add the source to your articles - not suggesting that you're making them up, but it's always useful to know which part of the media they are from. I guess "The Scotsman" maybe at least one source?
Please can you add the source to your articles - not suggesting that you're making them up, but it's always useful to know which part of the media they are from. I guess "The Scotsman" maybe at least one source?
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