Flybe Share Discussion Threads

[s34icknote] 25/9/2018 10:27

I sold this morning .May come back in later .Brexit a worry all round .Slimming down my holdings .Oil up again so could be a big negative as well for airlines .I'll be back !Sicknote

[el8ted] 25/9/2018 10:16

Significant move south this morning. I’m guessing a post agm presentation to fund managers in the City mightn’t have been very well received. Perhaps after almost 2 years in charge our CEO is being found out for yet another cliche sounding exec. The tough decisions just aren’t being made...this company needs to shrink significantly to be profitable.

[bray2] 24/9/2018 20:08

It was six months ago just found it a little amusing. Nice to see the date of six months results has been released as 14th November.

[toffeeman] 24/9/2018 19:49

LoL!!! - wonder how much senior management time was spent on that little number:)?

[bray2] 24/9/2018 19:03

https://amp.economist.com/gulliver/2018/04/02/gullivers-most-popular-posts-on-the-world-of-travel#top

[gotnorolex] 24/9/2018 10:01

Flybe sees revenue increase as capacity cuts continue
 27 July 2018  Airline News
Revealing its first-quarter results earlier, the low-cost carrier said it welcomed 2.5 million passengers in the three months to June 30th, up 100,000 from the same period last year.
Flybe unveils refreshed fleet livery
 5 September 2018  Videos
Flybe will be rolling out new livery across all its Bombardier Q400 and Embraer 175 aircraft over the next six years, the first of which elegantly winged its way into the fleet earlier.

[bray2] 18/9/2018 17:38

What has happened to the management appointments Flybe made over the past few years looks like they have all departed ?

[toffeeman] 13/9/2018 19:52

Because there is nothing to say!

[bray2] 13/9/2018 19:26

Why hold the AGM later than previous years and then not give any update ??

[jerseyman1] 13/9/2018 18:45

Surprised they didn't update. Presumably would have met with brokers so maybe some updates guidance there....

[bray2] 13/9/2018 15:28

You were right no update on any trading would have been a perfect opportunity

[netcurtains] 13/9/2018 09:26

nice rise! phew.

[el8ted] 12/9/2018 17:37

I agree. Cost control is singularly the responsibility of management & clearly further action is required. Hammad spent a fortune on an IT upgrade which appears not to have worked. Why are the current management team not looking at litigating those service providers responsible? Perhaps they are?

Leasing costs continue to fall, but the advantageous USD & fuel hedges are running out, negating the former’s cost benefits.

Not expecting any significant announcement tomorrow, however Flybe remains “in play” imho...the coming weeks & months will be interesting.

[dangersimpson2] 12/9/2018 10:21

Yes, the question is over the size of the loss. Also given the size of their depreciation charge a loss doesn't have to be cash flow negative, although the size of the provisions means it probably will be - they have already taken a big loss through the income statement for things like the uneconomic E195 flying costs as a provision in past periods. So although that doesn't go through the income statement again the cash impact hits the current period.

The narrative we were told was that the issue is with over-capacity. As the fleet is reduced and the leased planes handed back the cost per seat would reduce below the revenue per seat. Yet the cost per seat keeps going up even with fewer number of planes flying. Lack of cost control is a management failing IMO.

[bray2] 11/9/2018 23:42

Looking at the general consensus they will make another loss this year even tho improvements are being made.

[dangersimpson2] 11/9/2018 22:17

I don't think they will issue an AGM trading statement, they issue a lot of details on revenue & cost in the quarterly statements. They've issued the Q1 statement and it's too soon to issue the Q2. Those who go may get an informal steer - would be particularly interested in their plans to get the rate of cost inflation down for the rest of the year if anyone goes. This is essentially if they are to generate returns for shareholders IMO.

[bray2] 11/9/2018 20:22

It certainly won't help the cause Flybe have today refused to comment. Let's hope investors get some positives from the AGM this week.

[portugull] 11/9/2018 12:44

Ryanair announced today flights from Exeter to Naples, Malta and Malaga.

Flybe do not fly to Naples or Malta but do have a route to Malaga.

[jerseyman1] 10/9/2018 17:51

AGM this Thursday. Interesting if they will be giving enough current trading data to enable Stobart to bid once their bar out expires on 22.9.18.Flybe currently have a flight/seat sale in effect, is it cynical of me to suggest that this is to massage the forward sales position,to be reported at AGM, upwards?

[el8ted] 07/9/2018 20:15

RNS that one UBS fund has upped its stake by 1.44% of the company. No significant price movement, but interesting given the proximity to the AGM.

[jerseyman1] 05/9/2018 17:30

All planes need painting every few years. I have seen no suggestion that there will be anything other than the normal repainting programme and when that is done it will be the new livery. Cost of painting a Q400 should be c £30k plus downtime of a week or so which is usually planned into a maintenance check.

[mikepompeyfan] 05/9/2018 16:14

Maybe they used special paint which reduces air resistance and therefore fuel costs ;-)

[el8ted] 05/9/2018 11:22

Completely agree. Thought the focus was supposedly on controlling costs

[watsonnimrod] 05/9/2018 10:41

Painting up their aircraft isn't exactly cheap. Better to concentrate on the job in hand than change a livery (and all the signage that goes with it) that was only changed a few years ago.