www.flybe.com

Quick edit there Chris, post 484 - said he had closed his short when it went sub 100p owing to the Ebola crisis.

Hans Christian Anderson would lose against Billy Bollocks gf. I blame the drugs!

dreamcatcher - 07 Nov 2014 13:31 - 458 of 461

7 Nov Liberum Capital 190.00 Buy

good and longish article on FLYB on back page of ST Biz ..... concluded "hold"

Inside the City: Remain in your seat at Flybe

Hammad is doing what he said he would do....quite a feat in the airline world. He has slashed 500 jobs, closed unprofitable routes, got out of a pricy jets supply deal with Embraer and opened new services. Last month the company launched routes from London City Airport to Aberdeen, Belfast City, Edinburgh and elsewhere. The 25% drop in the oil price this year certainly will not have hurt its fuel bill.

Investors appear to be gaining confidence that Hammad is ticking off the legacy issues that once seemed to have put the carrier in a death spiral. A big one was all those loss-making routes and others that were in direct competition with bigger rivals such as British Airways. Hammad has reshaped the flight plan so that on more of its routes it is the only carrier and for those where there is direct competition, a recent switch to BA’s Avios frequent flyer programme could help.

When Hammad unveils half-year results on Wednesday, the figures will be littered with one-off charges incurred in the restructuring. Pick through them and recovery may start to materialise. He managed to turn a £42m annual loss in 2012 to an £8m gain last year...........A move into white-label flying, running short-haul routes for larger rivals, will be a test of whether he is as good at growing the business as he has been at pruning it. Hold.

Sunday Times

exactly that, but you have pruned it significantly, particularly of the parts that flagged considerable caution :-)

Cynic, I merely copied and pasted a version which was posted on another bulletin board. To access the whole article in the ST I would have to register online to subscribe and complete a signing in process. If it will make you any happier go ahead and post the unpruned version.

not for my benefit old chap ..... heartily recommend that you read the whole anyway, and if you know how to c+p that to here, i'm sure others would appreciate it

anyway, perhaps it also warns you to be wary of the slanted "truth" others may post

As I said cynic, to copy and paste the whole article would mean subscribing online to the ST. The part of the article I did copy and paste was entirely accurate. I think your very first post on this thread could certainly be viewed as the slanted truth and your various contributions to this thread have continued in a similar vein.

what is it with you?????

this morning i have had the courtesy (you understand the word i trust) to advise of an interesting article on this company

you then c+p'ed an excerpt of this from another site ..... sadly, it had been edited of all relevant caveats and was thus quite heavily "slanted truth" ..... i had the courtesy to advise you and others here of same

now go and try to pick a fight with someone of your own physical and mental age

Yes DB... leave my right'orible friend alone -):

thanks stan ..... you know how easily hurt and offended i get chuckle chuckle!

cynic, that was an exact copy and paste from a another site which clearly stated the link to which the rest of the article could be found and when I tried to access the whole link I discovered I would have to subscribe to the ST. You have no idea who posted the original or on what site it was posted and you have therefore, on that basis decided the post was heavily "slanted truth".

oh yawn .....

it would have been better had you written something like "thanks very much for the heads-up; i'll go out and buy a copy of ST so at least i can see the whole article"

as i wrote earlier ..... now go and try to pick a fight with someone of your own physical and mental age

That's the problem is it, I didn't say thank you so very much for the heads up. Thank you very much for the heads up cynic.

Phew! That's the end of that then -):

Flybe is expected to post half-year results building on full-year pre-tax profits that swung to £8.1m, compared with a £41.1m loss a year earlier.

The upturn in profits is the result of restructuring by chief executive Saad Hammad, having cut 1,100 jobs and reduced its number of regional bases to seven from 13.

Mr Hammad said the return to profit represented the “rebirth of Flybe”, which serves 35 UK airports and now has bases in Belfast, Birmingham, Edinburgh, Exeter, Glasgow, Manchester and Southampton.

In the first quarter of the new financial year the carrier said its load factor jumped to 75.8% in the three months to June 30, up from 66.5% a year ago as it benefited from fare promotions and more profitable routes. It added passenger revenues per seat were up 9.5% during the quarter to £52.79.

It is on track to achieve £24m of planned cost savings in this current financial year, taking the total for its turnaround plan to £71m.

Brokers at HSBC said: “The pace at which Flybe is restructuring impresses us.” HSBC forecasts annual pre-tax profit will fall 21% to £6.4m in 2015, as the airline continues to cut capacity before adding more profitable routes in following years.

www.eadt.co.uk/business

the caveats as seemingly not possible to c+p them from ST
the figures will be littered with one-off charges incurred in the restructuring. Pick through them and recovery may start to materialise .....Hammad is gaining momentum but thew industry's margin for error is notoriously thin. Indeed, while Flybe has been getting its house in order, its rival Monarch Airlines has been dancing with disaster. Last month the founding Mantegazza family handed over $85m dowry just to get the carrier off its hands ..... Hammad has defied gravity since he arrived last year. You wonder how long he can keep it up. A move into white-label flying, running short-haul routes for larger rivals, will be a test of whether he is as good rowing the business as he has been at pruning it

============

in conclusion, it looks to me that the company and Hammad still have a long way to go before Flybe can claim to be a solid entity

How about posting the entire article cynic? Thanks.

"A move into white-label flying, running short-haul routes fro larger rival s, will be a test of whether he is as good rowing the business as he has been at pruning it"

You will perhaps forgive for saying that sentence doesn't make any sense cynic.