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Flybe nosedives on profits warning


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As predicted, when his holiness the Chief Cockwomble was interviewed on BBC Breakfast this morning, his only reference was about TT visitors being able to get here. No mention of the effect on residen

I think when most people hear of a contingency plan being in place the expectation is for that contingency plan to kick in immediately upon the happening of the event the contingency was planned for.

Writing the adverts now, ‘Steam Packet Airlines, if there ain’t a boat in the morning, there probably won’t be a plane either’.

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that was a fast demise after so many false finishes

 

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5 hours ago, GD4ELI said:

Well FlyBe's situation started with a disastrous MD some years ago. I can't remember her name but she crippled the company.

It happened well before her arrival.

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12 minutes ago, Sentience said:

Be interesting to see what our 'ever so caring' iomg come up with in answer to this news.

Not much they can do really. I hope they have a good solution for the hospital transport sorted out, taking the boat in winter will be no fun at all.

My local airports Newquay and Exeter will be grim this morning.

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9 minutes ago, GD4ELI said:

Not much they can do really. I hope they have a good solution for the hospital transport sorted out, taking the boat in winter will be no fun at all.

My local airports Newquay and Exeter will be grim this morning.

Or, as they have become overnight, your local unpopulated shopping malls.

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2 minutes ago, Andy Onchan said:

Zero on Stobart Air website about how the FlyBe will impact their other operations...

They tweeted - they operated Flybe routes and these have now stopped.

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Sad that they have finally gone but its been coming for years. As far as I am aware the problems stem from an ill conceived expansion plan that saw them purchasing too many planes, they were then left flying too many unviable routes.

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Couldn't help giggling at the Cyrus Capital Partners landing page: http://www.cyruscapital.com/

They'll be needing all their "Skill sets" to extricate themselves from this debacle. Mind, I suppose the value of investments can go down as well as up!

For all their fancy words they've fucked up big time. Due diligence my arse!

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