Share Name Share Symbol Market Type Share ISIN Share Description
Flybe Group PLC LSE:FLYB London Ordinary Share GB00B4QMVR10 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.80p -8.09% 43.20p 43.50p 44.30p 48.00p 43.10p 45.10p 8,059,166 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 707.4 -19.9 -12.3 - 93.59

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Date Time Title Posts
23/2/201817:34FLYBE – turbulence over – but keep your seatbelts on4,398
23/10/201714:58*** FLYBE ***5,656
10/5/201617:53another great buy from cockney the clown15
23/11/201413:17A new perfect short - Flybe Group7
17/11/201413:22update FLYB-

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Flybe (FLYB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-02-23 17:15:0047.171,023,589482,836.86O
2018-02-23 16:35:2743.20275,695119,100.24UT
2018-02-23 16:29:4943.7012,6175,513.63AT
2018-02-23 16:29:4944.3042,78718,954.64AT
2018-02-23 16:29:4044.0028,71312,633.72AT
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Flybe (FLYB) Top Chat Posts

Flybe Daily Update: Flybe Group PLC is listed in the Travel & Leisure sector of the London Stock Exchange with ticker FLYB. The last closing price for Flybe was 47p.
Flybe Group PLC has a 4 week average price of 31.40p and a 12 week average price of 30.25p.
The 1 year high share price is 50.50p while the 1 year low share price is currently 30.25p.
There are currently 216,654,801 shares in issue and the average daily traded volume is 1,307,625 shares. The market capitalisation of Flybe Group PLC is £93,594,874.03.
s34icknote: I'm with you on that europa !The trading update was positive and the share price performance was distorted by the Dow tanking !Value always comes out in end . Think 70p minimum otherwise lets trade our way back up and wait for 1.40 p offer ! Sicknote
anony mous: Big buys coming in.Surely at some point there will be no stock and the share price will spike much higher to tempt sellers.Boarding at gate now, get ready for the flight up in share price.
eastbourne1982: Share price was £3.50 in 2010 !!! I imagine some holders have forgotten they hold this disaster of an investment. A takeover should be well north of 50p otherwise why bother, the business has a decent balance sheet and should be turning itself around, the company is supposed to act for shareholders after all.
dangersimpson2: Frankly I'll be annoyed if Stobart Air take over Flybe anywhere near this level. While I think the new Flybe Management have done the right sort of things - improving IT, cutting excess capacity etc. the reason the share price is where it is is because they failed to communicate to the market their strategy. They finally start delivering revenue growth which should push them into strong profitability but then decide to spend all the cash on extra maintenance. That might be the best thing for the business long term but it should be communicated ahead of time as a strategic priority not surprised on the market as an after-thought. If there is a bidding war and this goes for £1+ then I'll take it back but as it stands it is going to get bought out just as the turnaround starts to happen and with the upside going to new owners not shareholders.
s34icknote: ADVFN can't keep up with Flybe share price !Sicknote
s34icknote: Can't work out the share price movement here ! Spread all over the place ! Seams lots of buys but hard to tell on good old Advfn ! Get the feeling this will break up . A bit like the car dealers on p e ratios of five ! N a I Sicknote
anony mous: Yes still in wanttowin. For now.RNS today about price monitoring on the share price.Looks like someones messing around.
calabrian: This company is going nowhere but down just like the share price. Holding onto your shares 'hoping' for a recovery by looking at the chart or otherwise is a mugs game.
netcurtains: s34icknote: As well as normal cyclical recovery in airlines FLYBE has the ADDED advantages THIS YEAR of: a)cutting journey time from midlands to cornwall from 4 hour drive to 1 hour flight (this is a major expansion of flights): HTtp:// b) UK OIL INDUSTRY: With NEW Heathrow to Aberdeen flights - FlyBe have caught the revival of interest in North Sea Oil just right. Just look at HUR's (West of Shetland) share price... Flybe have got in at the right time and at the right price Http:// c) Really hot UK summer - ideal for UK based holidays (and thus internal flights): Https:// d) HEATHROW Speaks for itself Https:// (any expansion of Heathrow will also increase the number of FlyBe customers) e) Warren Buffett He sells walmart and buys airlines and apple... No smoke without fire! f) more more more Https:// g) less less less It says its acquisition of the 13 aircraft – the 10 from Nordic and the three from Rand – will reduce costs by £4 million over 2016-17 and, afterwards, by a further £8 million per year. Https:// h) average Taking the five year view of cycles, the average price should be around 60p (mid cycle), top ends of cycles around about £1.40... Since we're miles below even this average figure we can probably say we're near the bottom of the airline cycle
bogotatrader: IMS Below - Flybe Group PLC Interim Management Statement Date : 03/02/2014 @ 07:01 Source : UK Regulatory (RNS & others) Stock : Flybe Grp (FLYB) Quote : 105.25 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Flybe share price Flybe Group PLC Interim Management Statement Share On Facebook Print Alert TIDMFLYB RNS Number : 0711Z Flybe Group PLC 03 February 2014 Flybe Group plc ('Flybe' or 'the Group') Interim Management Statement Flybe turnaround gains momentum The Board is pleased to report that third quarter trading for 2013/14 was in line with overall management expectations. Key highlights were that UK scheduled revenue per seat was up 2.3%, whilst costs per seat (excluding fuel and restructuring costs) were down 5.2%. In Finland, revenue from white label flying increased by 23.7% The turnaround of Flybe, Europe's largest independent regional airline, is now accelerating. Phases 1 and 2 of the Turnaround Plan (announced in January and May 2013), followed by the Immediate Actions (launched by the new management team in November 2013) are all now well advanced. The Immediate Actions were announced with targets to deliver underlying benefits of GBP7m in 2013/14 and GBP26m next year, with around 500 proposed redundancies and estimated one off and grounded aircraft costs of GBP14m this year plus a further GBP27m in 2014/15. It is now anticipated that job losses will total around 450, and work is continuing to reduce the cost of aircraft grounding. The Board believes that all these actions are essential to provide the business with a sustainable cost base and a platform upon which it can profitably grow its business in the future, as it implements the twin strategy, announced in November 2013, of being both a UK regional branded airline and a European regional white label provider. Q3 2013/14 Trading Summary -- 5.0% increase in total revenue under management to GBP203.5 million. -- Group revenue in line with Q3 2012/13 at GBP142.9 million. -- UK Airline: -- 0.4% increase in total revenues to GBP137.6 million despite total seat capacity in UK down 2.3% (scheduled seat capacity down 1.8%). -- 2.3% increase in passenger revenue per seat to GBP48.46. -- 5.2% decrease in costs per seat (excluding fuel and restructuring costs) to GBP41.58. -- White label: -- 23.7% increase in white label revenue in Flybe Finland JV to GBP52.2 million. Turnaround Update 1. Optimise configuration: -- Flybe's UK route network has now been successfully rationalised for the Summer 2014 season (beginning April 2014), impacting 55 out of last year's 140 summer routes, including the discontinuation of 30 unprofitable routes. -- Flybe's UK base network will reduce from 13 to seven bases by the end of March 2014, as indicated in the November H1 results announcement. The refocus towards the larger bases will result in the closure of bases in Inverness, Aberdeen, Isle of Man, Newcastle, Jersey and Guernsey. Flybe will continue to operate services to and from all of these airports, as part of a total of 119 routes being flown across its UK network in the 2014 Summer Season. -- Surplus aircraft capacity is being addressed by grounding 10 aircraft by the end of March 2014 and a further four by the end of the Summer 2014 season. Work is continuing to reduce the cost of this aircraft grounding. -- In line with its strategy first to optimise and then progressively to grow its route network, Flybe unveiled on 31 January 2014 a major expansion at Birmingham with seven new routes, including Florence, Cologne and Porto, with three more of its Embraer E175 aircraft to be based there. This will result in Birmingham becoming Flybe's biggest base with a total of 12 aircraft flying 32 routes. Birmingham Airport also announced that Flybe will become its largest carrier, flying up to 400,000 extra passengers and nearly 2,000,000 travellers in total to and from the airport. 2. Reduce costs further -- Following the removal by the Group of its divisional structure in November 2013, Flybe has now implemented an integrated organisation structure and completed the streamlining of its senior management team. -- Further progress has been made to complete the delivery by the end of March 2014 of the cost savings previously announced in Phases 1 and 2 of the Turnaround Plan: 2013/14 cost savings Phase 1 Phase 2 Total GBPm GBPm GBPm ----------------------- ----------- ----------- ---------- Headcount reduction 16 4 20 Outsourcing 8 - 8 Procurement and other 6 6 12 ----------------------- ----------- ----------- ---------- Total 30 10 40 ----------------------- ----------- ----------- ---------- -- Flybe is on track to achieve the further cost benefits, as previously announced, of GBP7m in 2013/14 and GBP26m in 2014/15 from network rationalisation, removal of the divisional structure and engagement with key suppliers. These include around 450 job losses, slightly down from the estimated 500 announced in November. Of these, about half are expected to be voluntary redundancies, others will be leavers and there are anticipated to be around 40-60 compulsory redundancies. -- Flybe is extremely grateful for the positive and constructive way in which the employees, Trades Unions and Employee Representatives have approached the consultation process regarding redundancies as well as the efforts that have gone into mitigating the numbers of job losses. The consultation process is now substantially complete. As a result of contribution enhancing commercial mitigations, which include delay of some aircraft groundings and crew redundancies until after the Summer season, and subject to the final take up of volunteers, only circa 10% of the original planned number of redundancies is now expected to be compulsory. 3. Improve commercialisation: -- Key management roles have been filled with a balance of external recruitment and internal appointments. -- Significant progress has been made with marketing enhancements, in both media and the website. Further work is in hand. -- A structured route profitability and selection methodology has been developed and is being rigorously implemented. Over 100 potential new routes have been assessed and nine new routes have been announced for Summer 2014. -- A variety of pricing, revenue management and route management improvements have been introduced. Early results are showing encouraging trends. -- Trading partnerships with major suppliers are being strengthened and developed further. Flybe is grateful for the cooperative spirit in which partners have entered into discussions, which the Board considers reflects the importance of Flybe to UK regional aviation. Progress so far is underpinned the Board's growing confidence in the achievement of its targeted benefits from the Immediate Actions. -- The Board believes that the impact of improvements is already evidenced in the growth in Q3 of Flybe's share of the UK regional domestic air passenger sector to 49.6%, up 1.2ppts from Q3 2012/13. 4. Finland Optimisation: -- The Flybe Finland JV continues to show strong progress in its profitable white label flying operations. A programme to reduce losses in the legacy scheduled risk flying portion of the Flybe Finland business is being implemented with effect from April 2014, with two of the six loss making lines of scheduled risk flying being removed, and Finnair working closely with Flybe on the commercial management of the remaining routes. Current trading UK Airline's current forward passenger sales revenue is as follows: -- Q4 2013/14 shows an increase over last year of circa 3%, driven by an increase in passenger volumes partially offset by lower yields. -- Forward sales for Summer 2014 are currently broadly in line with prior year. Outlook The UK economy has returned to growth, although the aviation sector remains highly competitive. The Board believes that Flybe's strong position in the regional aviation market is an attractive and sustainable one that plays an important part in aviation connectivity for regions, airports, passengers and indeed other airlines. In the short-term, Flybe's revenue will be affected as it discontinues unprofitable routes. However, the Group's improved cost structure will, the Board believes, provide Flybe with a firm foundation for future profitable growth. Saad Hammad, Chief Executive Officer, commented: "We are on track to deliver GBP40 million of annual cost savings from Phases 1 and 2 of the Turnaround Plan by 31 March 2014, and significant rapid progress has been made already on the additional Immediate Actions announced in November last year. The transformation of our cost base is being successfully delivered thanks to the hard work and determination of our people and with the support of all stakeholders. "Taking decisive action gives us a strong platform to implement our strategy, achieve profitable growth and build sustainable value for our shareholders. We are well on our way to becoming Europe's best local airline." 3 February 2014
Flybe share price data is direct from the London Stock Exchange
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