FlyBe axing jobs
JC25 you are right, PPRUNE is dreadful for 'facts'.
From the outside it seems to me FLYBE management have ended up with two bites of the cherry. You guys work for less (courtesy of BALPA) and they will still get rid of some folk as well.
Bizarrely I expect them to be recruiting within 6 months as lots of folk jump ship....
From the outside it seems to me FLYBE management have ended up with two bites of the cherry. You guys work for less (courtesy of BALPA) and they will still get rid of some folk as well.
Bizarrely I expect them to be recruiting within 6 months as lots of folk jump ship....
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Assuming there are places to jump to...
Don't get me started on the 18% nonsense. 'Restructuring', 'separating assets', and 'job creation for the boys' spring to mind.
Don't get me started on the 18% nonsense. 'Restructuring', 'separating assets', and 'job creation for the boys' spring to mind.
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LGW Runway Slots
BBC reporting FlyBe talking to a "number of parties" (rumoured to be easyJet although they failed to comment!) about the sale of its 25 LGW runway slots!
Shares rise +20% on the news...possible cash injection of £20m.
Does that just leave LTN as a route to the capital?!? (Londonish Luton)
Shares rise +20% on the news...possible cash injection of £20m.
Does that just leave LTN as a route to the capital?!? (Londonish Luton)
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I personally know people who were made compulsorily redundant
It is true however, that some have 'jumped' before they were pushed. Some fairly begrudgingly I grant you, but then it was their choice.
The mass exodus that this has caused has in fact resulted in nearly desired headcount. A little more natural attrition, helped with a direct line to the desert and we may be recruiting in the near future.
Unless of course we sell our prized assets in Gatwick and render a handful of airframes surplus.... doh!?!
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Slots sold
Well all slots in LGW have been sold(not sure if you can sell a slot, but they have transferred the movement pairs to easy for some £20M), what will this mean to crew numbers. People talk about the need to rehire, but a back of a stamp calculation means some 7 aircraft that need to be retasked; That's 56 more pilots at risk, Come early 2014.
Is this the company pulling up from its nosedive or the first part of the tail being ripped off?
Is this the company pulling up from its nosedive or the first part of the tail being ripped off?
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The announcement issued but Flybe to the stock exchange that they do not expect any reduction in staff numbers as a result of the slot sale. That would indicate that they fully expect to redeploy the aircraft elsewhere and have quite a long time to work on this before the slot transfer takes place next March.
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I can't help but feel that we've given the goods away cheaply, to the first boy at the school disco that asked us to dance.
Daddy would not be impressed.
Surely we could have hawked our pigtails around and batted our eyelids at other well dressed and wealthy boys like Sir Richard, and countless Exotic Eastern gentlemen? It would have taken longer but I can't believe we wouldn't have achieved a better price for our 'prized asset.'
I feel a celebration is somewhat premature.
Daddy would not be impressed.
Surely we could have hawked our pigtails around and batted our eyelids at other well dressed and wealthy boys like Sir Richard, and countless Exotic Eastern gentlemen? It would have taken longer but I can't believe we wouldn't have achieved a better price for our 'prized asset.'
I feel a celebration is somewhat premature.
Last edited by flyingcamel; 24th May 2013 at 11:17. Reason: Typo
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I can't help but feel that we've given the goods away cheaply, to the first boy at the school disco that asked us to dance.
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What's the plan once da management have stripped Flybe of all its assets?
I mean cut costs, sure, that'll help. What happens next year then? If management don't start actually managing instead of just cutting then the future isn't looking too rosy is it?
I mean cut costs, sure, that'll help. What happens next year then? If management don't start actually managing instead of just cutting then the future isn't looking too rosy is it?
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Full story on BBC Business pages, FlyBe reported a pre-tax loss of £40.7m for the year to 31 March, against a loss of £6.2m the year before.
So how much longer for this management team!?
So how much longer for this management team!?
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Flybe | Corporate | Media | News archive
just pay the tax...
and here's the report out today
http://www.flybe.com/corporate/pdf/F...esentation.pdf
sounds like they are going to target SOU after LGW
just pay the tax...
and here's the report out today
http://www.flybe.com/corporate/pdf/F...esentation.pdf
sounds like they are going to target SOU after LGW
Last edited by lfc84; 21st Jun 2013 at 09:02.
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BBC reporting another 500 jobs to go! I guess to make another £45m savings in 2014-15 it was inevitable, but a return to just under £14m profit this year compared to the loss of last year.
Good luck to all!
Good luck to all!
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Flybe to cut 500 jobs despite return to profit
Flybe, the Exeter-based airline, has announced plans to cut 500 jobs across the business, despite reporting a return to profit.
Pre-tax profits were £13.8m for the six months to 30 September, compared with a loss of £1.6m a year earlier.
The company said its turnaround plan was on track to make £40m of savings this year and £45m in 2014-15.
But the pilot's union, Balpa, said it was "shocked" by the decision to cut jobs. Flybe employs 2,700 staff.
'Challenging times' Flybe chief executive Saad Hammad, who joined the company in August, told the BBC he could not say where the job losses would fall at this stage.
"We're consulting with unions and our staff," he said.
Flybe cut 490 jobs in 2012-13, with a further 100 going in the first half of 2013-14.
As part of the cost-cutting programme some routes could "possibly" go, Mr Hammad said. "These are challenging times," he added.
Group revenues rose to £351.1m in the six months, up from £340.8m in the same period last year.
The carrier now has 96 aircraft in its fleet, with 28 belonging to Flybe Finland, its joint venture with Finnish Air.
Passenger numbers increased 5.6% to 4.3 million in the first half of the year.
BBC News - Flybe to cut 500 jobs despite return to profit
Pre-tax profits were £13.8m for the six months to 30 September, compared with a loss of £1.6m a year earlier.
The company said its turnaround plan was on track to make £40m of savings this year and £45m in 2014-15.
But the pilot's union, Balpa, said it was "shocked" by the decision to cut jobs. Flybe employs 2,700 staff.
'Challenging times' Flybe chief executive Saad Hammad, who joined the company in August, told the BBC he could not say where the job losses would fall at this stage.
"We're consulting with unions and our staff," he said.
Flybe cut 490 jobs in 2012-13, with a further 100 going in the first half of 2013-14.
As part of the cost-cutting programme some routes could "possibly" go, Mr Hammad said. "These are challenging times," he added.
Group revenues rose to £351.1m in the six months, up from £340.8m in the same period last year.
The carrier now has 96 aircraft in its fleet, with 28 belonging to Flybe Finland, its joint venture with Finnish Air.
Passenger numbers increased 5.6% to 4.3 million in the first half of the year.
BBC News - Flybe to cut 500 jobs despite return to profit
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Flybe Wings Part Sponsored Pilot Training
"will provide selected pilots with a significant financial contribution towards the training costs and see graduates operating as First Officers on Flybe’s Q400 fleet by early 2014"
This was in May last year. I am absolutely astounded how airlines (not just Flybe) seem to be unable to plan a year in advance. I fear the same will happen to another major UK cadet scheme.
So what's going to happen to these guys/gals?
"will provide selected pilots with a significant financial contribution towards the training costs and see graduates operating as First Officers on Flybe’s Q400 fleet by early 2014"
This was in May last year. I am absolutely astounded how airlines (not just Flybe) seem to be unable to plan a year in advance. I fear the same will happen to another major UK cadet scheme.
So what's going to happen to these guys/gals?