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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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2 minutes ago, dilligaf said:

So why were they speaking so authoritative about what "we" need.? It sounded like what they needed in that program.

Probably their 50 years of experience operating air services onto the IOM gives them some insight?

They are also both Island residents, and like the rest of us, have an interest in seeing reliable air services in the future.

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13 minutes ago, snowman said:

So if this is accurate, Loganair want an assurance that easyjet won't offer cheaper fares

Well not much to worry about there then last time I looked Easyjet were charging upwards of £350 for a single one way flight. And they have recently reduced capacity and not gone rushing to put it back in to help the island. 

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2 minutes ago, Manx Mole said:

Probably their 50 years of experience operating air services onto the IOM gives them some insight?

They are also both Island residents, and like the rest of us, have an interest in seeing reliable air services in the future.

Sorry, but they were flying the planes, not operating the services. 

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Just now, IOM said:

Well not much to worry about there then last time I looked Easyjet were charging upwards of £350 for a single one way flight. And they have recently reduced capacity and not gone rushing to put it back in to help the island. 

You can still get a one way for less than £30

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2 minutes ago, Manx Mole said:

Probably their 50 years of experience operating air services onto the IOM gives them some insight?

They are also both Island residents, and like the rest of us, have an interest in seeing reliable air services in the future.

More than 50 actually. I know Capt Bridson has advocated the shelving of open skies for a long time, giving evidence to one of the Committees in the past - so he's not saying anything new. 

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5 minutes ago, The Amazing Ronrico said:

Do you think it’s funny mocking people pushed out of employment by events outside of their control? What an awful human being you come across as. 

Like your namesake, you are not funny in the least.

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Just now, madmanxpilot said:

More than 50 actually. I know Capt Bridson has advocated the shelving of open skies for a long time, giving evidence to one of the Committees in the past - so he's not saying anything new. 

That is commonly known as self preservation.

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2 minutes ago, dilligaf said:

Sorry, but they were flying the planes, not operating the services. 

You tend to be learn to a lot when you have your ear close to the ground.

And the job of an airline Captain is not just to fly the planes - believe me.

 

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1 minute ago, madmanxpilot said:

You tend to be learn to a lot when you have your ear close to the ground.

And the job of an airline Captain is not just to fly the planes - believe me.

 

 

 

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3 minutes ago, madmanxpilot said:
7 minutes ago, dilligaf said:

Sorry, but they were flying the planes, not operating the services. 

You tend to be learn to a lot when you have your ear close to the ground.

And the job of an airline Captain is not just to fly the planes - believe me.

I know there is more involved than just flying. There are the "hosties" to consider too.:flowers:

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21 minutes ago, madmanxpilot said:

[...] If we want  guaranteed continuance of our air services at time when others falter or when their priorities change, then we need the control that having our own airline would bring. If we want that airline not to lose money, then the niceties of having routes competed on will have to be shelved. 

It's that most typical cry of modern economics: "Communism for my bit of the economy; capitalism for everyone else". 

What everyone denouncing Open Skies fails to realise is that we very rarely ever had it.  There was hardly ever competition on any particular route - the only long-lasting one was on Liverpool and that was really only because it was subsidised by the patient transfers (they made up about 30% of Flybe's carryings on the route).  All a formal allocation of routes would have done would have given airlines the freedom to charge what they wanted and up their profits at the expense of the public.  They would no longer have to worry about someone coming onto the route and undercutting them if they got too greedy.

The other delusion that lies behind the opposition to Open Skies is that the air travel market is somehow inelastic - that everyone who travels by air is obliged to travel, obliged to travel by air and obliged to travel to that particular destination.  But a lot of journeys aren't like that and haven't been for many years.  It seems to be based on the fantasy that most air passengers are business travellers for whom money is no object and they have to have particular flights that suit them for which they will pay anything.  But if fares are high they may not travel at all, or go to a cheaper airport or go by boat.  If they are low they may decide to pop over to see relatives or go to a concert or on a short break or even make another business trip.  High fares may even become a factor in whether people move to the Island or stay here once they have or charge more for a contract here or move their business elsewhere.

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56 minutes ago, TheTeapot said:

I had heard of them before flybe went down, and was suspicious. I thought they were basically looking to make a load of cash by chartering a couple of planes and running some flights at TT, and then buggering off again. Open skies and all that.

That was pretty explicitly what they planned - though they still seemed to be at the stage of seeing whether there was enough demand.  I suspect they will have been scared off by the odds on something happening over COVID-19.

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