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Flybe Group PLC FLYBE ANNOUNCES PARTNERSHIP WITH AVIOS
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Flybe Group PLC

10 October 2014

FLYBE ANNOUNCES PARTNERSHIP WITH AVIOS

-Flybe Becomes part of the Avios Travel Rewards Programme-

Europe's largest regional airline, Flybe, has announced a significant new partnership with Avios, part of International Airlines Group (IAG), the parent company of British Airways, Iberia and Vueling.

The milestone agreement will take effect from Monday 27(th) October 2014 and marks another step by Flybe to offer more benefits to its customers, adding value to their flight purchase and providing a broader selection of redemption opportunities for points earned through frequent travel.

Avios operates the global Avios currency for the British Airways Executive Club, Iberia Plus and Meridiana Club frequent flyer programmes as well as the Avios Travel Rewards programmes in the UK and South Africa.

The new partnership with Avios replaces Flybe's existing Rewards4All frequent flyer programme. Rewards4All members will need to redeem their outstanding points within six months from today's announcement. Redemptions can be made on flights up until 24th October 2015. To guide members through the redemption process, the flybe.com website will provide clear information on the process.

This agreement follows Flybe partnerships recently announced with booking.com, the worldleader in online accommodation booking and STA Travel, which has established Flybe as 'Preferred Partner for Student and Youth Travel' with the world's largest student and youth travel company with a 2.3 million database. It also follows a new codeshare agreement with Finnair and an interline agreement with Aer Lingus.

Saad Hammad, Chief Executive Officer, Flybe said:

"This agreement represents a significant service enhancement for Flybe customers - a big step change that opens up a new world of reward possibilities."

"We join Avios following an extensive review of frequent flyer programmes, including our own in-house programme Rewards4All. We determined a better customer proposition existed, and the clear choice was Avios. There are 2 million customers with billions of Avios within 30 miles of a Flybe airport. "

"Our Avios partnership begins on the day we formally start our operations at London City Airport on October 27th, which is already proving an attractive option for the business traveller with daily flights from/to Edinburgh, Belfast, Aberdeen, Dublin, Inverness and Exeter. Flybe customers, and those we welcome onboard from our codeshare partners, are benefiting from our extensive UK regional flying network. Whether flying from Edinburgh to London City, Birmingham to Belfast or Manchester to Stornoway, it makes even more sense to Fly with Flybe!"

Gavin Halliday, Managing Director, Avios, said:

"This is an important partnership for Avios, building on our commitment to provide engaging collection and redemption opportunities for Avios Travel Rewards Programme members. Our members will benefit from access to even more reward flights and on new regional routes, as well as the new opportunity to collect when flying with Flybe."

Sold out, getting ugly here. That support at 109p is getting nearer and nearer.

Come Monday the sun will shine and Armageddon will be no more .

"A new loyalty scheme partnership with Avios replaces Flybe's existing frequent flyer arrangements. Flybe's passengers will now have access to a more widely-accepted loyalty currency. Crucially, the common currency with the British Airways frequent flyer programme should not only reduce the reluctance of BA passengers to switch to Flybe where the two airlines compete at London City, but also encourage them to choose Flybe over other airlines. We see this as another encouraging commercial development that supports the turnaround programme. Our recommendation remains BUY with a 190p target price"

Liberum Capital

Has been knocked back by the Ebola ' crisis' . Half yearly results due out on 12 November.

Im not so sure jimmy I hope you are right Im seriously thinking of going into shorting mode anytime now.

Always earn a lot more money that way aswel.

Got to time it right though.

Ill just show you my portfolio from 2008/2009.

Oh no I cant im on the office machine, and its on my home PC network.

Ill think on when I get home.

Wondering if we have all underestimated this Ebola and its effects on the World Economy.

Providing it doesn't get out of hand , but you know what the markets are like , a bloke sneezes coming through Heathrow and its Armageddon .
The Yanks don't help either the way they go right over the top .

see the ftse thread where this comment really belongs .... have responded to same

Hi Hi Captain.

Thank you cynic.

An epidemic of fear and anxiety hits Americans amid Ebola outbreak
15/10/2014

By Chico Harlan October 15 at 10:39 PM
Ebola started as a faraway thing, and that was scary enough. Then it jumped to a Dallas hospital, where one man died and two nurses were infected. On Wednesday, Ebola took a different kind of leap — a psychological one — as concerns spiked nationally about how the threat of the virus might interfere with commerce, health and even daily routines.

As authorities disclosed that an infected nurse had taken a flight from Cleveland to Dallas one day before showing symptoms, Ebola moved closer to becoming the next great American panic — an anthrax or SARS for the social-media age.

Across the country, workers and travelers took symbolic safety steps, wearing sanitary masks or lathering with hand sanitizer. Airline stocks fell as investors bet on a slowdown in travel due to Ebola concerns. Children living near Washington Dulles International Airport told a psychologist about their fears of contracting the disease.


Though Ebola’s dangers are real and terrifying, epidemiologists and other authorities say that, for now, its greatest mark could be on the psyche of the country where other health threats are more perilous.

President Obama late Wednesday sought to quell any risk of panic, telling the American people, “The dangers of your contracting Ebola, the dangers of a serious outbreak, are extraordinarily low.”

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Vulnerabilities in Ebola planning
In Montgomery County, meanwhile, health officials have been reminding the public that there were 36,000 flu-related deaths in the country last year.

“I urge individuals to try to keep this in perspective. It is scary, it is worrisome, but in our country, more people will die from the flu than from Ebola,” Montgomery Health Officer Ulder Tillman said earlier this week.

Still, all over the country, Americans expressed deep anxiety about the threat of Ebola. According to a new Washington Post-ABC News poll, two-thirds of Americans are worried about an Ebola epidemic in the United States, and more than 4 in 10 are “very” or “somewhat worried” that they or a close family member might catch the virus.

Michael Luke-Anthony, who cleans the cabins of airplanes at John F. Kennedy International Airport in New York, said he watches Ebola news daily when he wakes up and has taken to taping his pant and shirt sleeves — a way to prevent skin exposure.

“My fear is, the whole Ebola situation, it can get anywhere,” said Luke-Anthony, 22. “It got from Liberia to Texas. It’s traveling quick. It could be in one of those planes.”

Last week, 200 airline cabin cleaners refused to report for work at LaGuardia Airport in New York, saying they did not have sufficient protection.


Michael Oberschneider, founder and director of Ashburn Psychological and Psychiatric Services, in Ashburn, Va., said that some of his child and teen patients have said they are fearful of visiting Texas or going to Dulles Airport, both of which they view as potential danger spots.


A Frontier Airlines employee wears gloves as she checks in passengers Wednesday at Cleveland Hopkins International Airport. (Tony Dejak/Associated Press)
“Many of these kids are bringing up Ebola at the start of the session,” Oberschneider said. “And I’ll ask them, did you talk about it at school? They say, ‘No, no, no. I just saw it on CNN.’ ”

Across the region, public school systems have increased their monitoring, invariably prudent measures that nevertheless might stir additional anxiety. Those who show up at school health centers in Fairfax and Montgomery counties now face questions about their recent travel histories.

John Torre, a Fairfax County schools spokesman, said that his school system has also added a section to student enrollment forms inquiring about recent travel to and from West Africa, including to countries such as Liberia, Guinea and Sierra Leone where the outbreak has been concentrated.

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The enrollment forms now ask if students have traveled to West Africa in the previous 21 days or if a family member has visited there in the previous 40 days.

“I am concerned since I have a 5-year-old son,” said Chris Baker, who works in Annapolis for a real estate title company. “I worry about that aspect, being a father.”

Even relative to other diseases, Ebola is positioned to maximize fear. More than half who get sick don’t survive. Some cases come with painful hemorrhaging. Health workers attend to patients — or bodies — in protective gear that brings to mind a nuclear disaster.

Adding to public angst is declining confidence in top disease officials, who have repeatedly asked for calm while also edging away from their initial and most confident pledges that the outbreak would be easily contained in the United States.

“We’ve had a number of chinks in the armor” in stopping the spread, said Eden Wells, a clinical associate professor of epidemiology at the University of Michigan. But, Wells said, “the risk is still low — even for those sitting on the plane” with the health-care worker from Dallas.

So far, the travel industry has appeared particularly vulnerable to the Ebola fears, with airplanes being the most obvious pathway for contagion. Airline stocks have been falling ever since worries about the virus began to spread this summer. Delta, United and Southwest stocks have all tumbled more than 5 percent this month.

Thomas Frieden, director of the Centers for Disease Control and Prevention, said Wednesday that it wasn’t appropriate for the now-infected health-care worker to have flown Monday, a time when she had a low-grade fever of 99.5 degrees.


In Dallas, perhaps most of all, the concerns feel very real.

Eric Williams, who’s running an independent campaign for Congress, said stores in Dallas are selling out of hand sanitizer.

“My wife and I went to look for some — we had to go to three different stores before we were able to find one bottle of sanitizer,” Williams said. “And that was at the dollar store. They had three bottles left on the shelf.”

The candidate has suggested a citywide “no-contact” policy: no handshakes, no hugs.

Officials say “everything is okay, when not everything is okay,” Williams said. “People are concerned. Are we getting the truth?”

The Dallas hospital that treated Duncan has seen one of the strongest local impacts.

On Wednesday, at Texas Health Presbyterian Hospital Dallas, only three or four children were at an infant and child day-care center. It was a cloudless day, but on a baseball-field-size playground outside, there was nobody to be seen; the tricycles, slides and plastic toys — all untouched.

The only sign of life: one crow, sitting on a fence.

Amy Nutt in Dallas and DeNeen Brown, Mark Berman, Bill Turque, Lydia DePillis and Roberto Ferdman in Washington contributed to this report.

As cynic pointed out earlier if the story doesn't directly relate to FLYB then kindly post it on another thread - thanks.

Ohhhh it does im afraid.

A far more balanced post taken from another bulletin board;


"Currently my biggest fear would be selling and missing the rally, not further falls. For example my biggest holding is FLYB. It is on a forward PE of 6, based on the average broker estimate, lower if you look at the best estimate. They have £200m of cash versus a market value of £226m. They are a domestic operator so should be among the last airlines to be effected by Ebola. The falling oil price will reduce their costs (although I expect they will miss out on some of that by hedging at higher prices). Looking at the chart, it could test 95p I suppose, based on the trendline of lows from earlier this year. But do I really want to sell now at 100p, incur the dealing costs and no doubt miss the bottom anyway? I think if it does go to 95p I'll buy more."

As authorities disclosed that an infected nurse had taken a flight from Cleveland to Dallas one day before showing symptoms, Ebola moved closer to becoming the next great American panic — an anthrax or SARS for the social-media age.

come on sticky, don't be a somewhat spiteful pain old chap
the ebola discussion is quite interesting, but it just doesn't belong here

The falling oil price will reduce their costs (although I expect they will miss out on some of that by hedging at higher prices)

One wonders how competitive they are now as some airliners dont hedge.

Hedging

Flybe UK's current hedge books[1] are summarised below (all hedges are forward swaps).

Jet fuel
· Q2 2014/15 - 80% hedged at $962 per tonne
· H2 2014/15 - 68% hedged at $961 per tonne
· H1 2015/16 - 64% hedged at $945 per tonne

Ohh yes it does if I have an interest.

If you want to start your own thread explaining why you are shorting this share then go ahead - otherwise , as cynic has said you are only doing this out of spite.