Flybe Share Discussion Threads

[tomboyb] 17/10/2018 09:10

Bought some - Should break 21p -

[barvin] 17/10/2018 09:02

Cash pile at 70m looks pretty decent tbf

[el8ted] 17/10/2018 08:55

CoW should be dismissed with immediate effect. IT project completely overpriced & unnecessary, aircraft rebrand unnecessary and almost no inroad into slashing headcount. The woman is out of her depth. Chairman needs to go too before cash runs out

[barvin] 17/10/2018 08:50

How is it funding these yearly and projected losses?

[mreasygoing] 17/10/2018 08:46

Feel for holders. Not good. Hope it recovers. An old favourite share of mine.

[bray2] 17/10/2018 08:33

Market cap now 47m

[bulltradept] 17/10/2018 08:32

BCoin Idiot. Filtered.

[s34icknote] 17/10/2018 08:31

Now stobart s offer looking reasonable ! Hindsight Sicknote

[bray2] 17/10/2018 08:27

This is concerning news and will clearly have a negative impact on its cash reserves. The rebranding and software projects need to stop to protect the cash Flybe are clearly in survival mode.

[bulltradept] 17/10/2018 08:17

Well that's true, but got to be worth something to someone bigger down here.

[toffeeman] 17/10/2018 08:10

Not if things continue and you can buy at 15p!

[bray2] 17/10/2018 07:49

Strange how the share price has dropped 30% before today's news, has there been a leak to the market, I have seen on other sites this happened under the old management too

[american idiot] 17/10/2018 07:23

I think the CEO needs to go.

Looks like a failed business model where overhead costs always increase faster than passenger revenues.

I would even go as far as to say Flybe could be in survival mode if this poor performance continues.

The CEO must go.

[bulltradept] 17/10/2018 07:15

Just reviewing the long term chart of Flyb, never realised it was once over £3.00! A candidate for the 90% club unfortunately.

[bulltradept] 17/10/2018 07:13

Poor ole Flyb

17 October 2018

Flybe Group plc

('Flybe' or 'the Group') 17(th) October 2018

H1 2018/19 Trading update

Flybe has seen good revenue performance in the first half set against the backdrop of increasingly adverse fuel and currency impacts. Recent trading however indicates a softening in the second half revenue outlook and the Board now expects the full year adjusted profit figure to be lower than market expectations.

[american idiot] 17/10/2018 07:09

Unlucky folks. Pricing pressures from various sources.

Cannot see how things will change in the short term.

I think its safe to say the share price is heading well into the 20's today.

[el8ted] 16/10/2018 23:33

Whilst I don’t disagree with your analysis, those figures are historic. It’s the upcoming period the investors are concerned with. The forward hedging isn’t covering all the gbp/usd costs (fuel & leasing & parts etc)...and that all lies at the feet of management. Clearly senior members of the team have lost faith in CoW and are jumping ship...she should now be shown the door. Sadly it will set the company back another 500k which it can I’ll afford. Why CEO’s get these pay offs for failure is beyond ridiculous.

[dangersimpson2] 16/10/2018 23:15

But it isn't the fuel price increase that is the issue, that is hedged - for the moment at least.

Dollar costs of plane loans are mostly hedged but sterling weakness added costs. From the Q1 trading statement:

Total group cost per seat ('CPS')8:

· At constant currency: Underlying CPS (adjusted for H1 2017/18 maintenance costs) rose by 8.4%. Reported CPS increased by 10.7%. Excluding fuel, Group CPS increased by 10.5%.

· At actual currency: Underlying CPS rose by 14.1%. Reported CPS rose by 16.6%. Excluding fuel, Group CPS increased 16.4%.

Which means...

- Fuel was responsible for 0.2% of the cost per seat increase
- Currency was responsible 5.7% of the cost per seat increase
- Maintenance was responsible for 2.3% of the cost per seat increase
- 8.4% of the cost per seat increase was unexplained

That is poor management cost control IMO.

[el8ted] 16/10/2018 20:55

Sadly, I tend to agree. It’s definitely time up for CoW. Yet another false dawn for Flybe investors. Now looking as if a takeover is the only resolution. Fuel price hikes may be the main issue. Hedging structure not conclusive enough. Same issue for most airlines but some will be more negatively affected than others. Flybe just doesn’t have the right fleet or headcount size to work. Costs far too high in this business

[bray2] 16/10/2018 20:33

Flybe have not updated its news web page since 3rd September they used to update this regularly, i think looking at the pattern over the past three weeks the news due is going to be more bad news for investors, I wonder how long the BOD will support the new CEO two years in my limited knowledge is enough.

[toffeeman] 16/10/2018 13:59

I sold in June at 37 having bought in (again) at 34

I watch from the sidelines - as I said previously I might buy some trading shares at 30p, but given the wider market I think there is further to fall.

Widdy wants to do a deal with Cityjet (see a previous post) not sure who you would get to do a better job than she is doing - what else is there apart from making sure the planes are safe, cutting the fleet and trying to raise prices where demand allows? You can't fly with fewer crew unless the co-pilot serves the drinks.

I recently did the EXT-LCA return on a Monday: rammed on the way out less than half full on the way back - not easy to manage demand!!!