www.flybe.com

cyniiiiiiiic!!!!!!!!!

What a lot of boll---

allways finding a repply although it sounds like nonesence

What tomorrow brings is another thing, but the update about the future, could give a clue of share price movement, growth, fuel cost, etc.

Thanks God is time to go to bed, after reading all those TIT for TAT I feel like I am tired, maybe of reading too much bull

Results for the six months to 30 September 2014

Flybe, Europe's largest regional airline, reported a significantly improved performance in its core UK business, Flybe UK. This was more than offset by a full impairment of assets related to its joint venture with Finnair and a provision for EU 261 flight delay claims.

Flybe UK - Strong core business

· Passenger revenue per seat increased 8.7% to £54.75
· Load factor increased 8.6ppts to a record 77.2%
· On track to deliver £24m of incremental full year cost savings, in line with previously announced plans
· Adjusted profit before tax1 up £2.0m to £13.7m, despite £6.0m provision for EU 261 flight delay compensation

Flybe Finland - joint venture exit announced

· Flybe is pleased to announce the sale of its 60% share in loss making Flybe Finland for €1 to Finnair, its joint venture partner
· Share purchase agreement is conditional only upon competition authority approval in Finland and is targeting 1 January 2015 completion
· Full impairment of investment has resulted in a net £9.9m, non-cash charge in the period

Group - Operating cash flow positive

· Loss after tax of £15.4m compared to profit after tax of £13.6m for the same period last year, impacted by £34.3m of one-offs and revaluations: Finland net impairment (£9.9m), EU261 flight delay catch-up provision (£6.0m), a net movement on surplus capacity and restructuring cost (£10.4m) and movement on revaluations of USD loans (£8.0m)
· £6.5m net cash inflow from operating activities after restructuring (H1 2013/14: outflow £9.9m)

Loss after tax of £15.4m compared to profit after tax of £13.6m for the same period last year, impacted by £34.3m of one-offs and revaluations: Finland net impairment (£9.9m), EU261 flight delay catch-up provision (£6.0m), a net movement on surplus capacity and restructuring cost (£10.4m) and movement on revaluations of USD loans (£8.0m)

Way off analyst estimates.

Charge of £6 million for delays, twice what the market was expecting

Market taking it as a massive PROFIT WARNING.

Maybe i didn't take my profit too soon !
Fair enough GF you got it right .

Yep good trade that now Jimmy.

Cynic must be delighted.

Dont take any delight myself other than the money part.

To me there were red flags written all over this .

I still havent found out was happened to the 10 rust buckets.

Going to a funeral so might post back intermitently.

No more than this then on the 10 old planes doing nothing on the ground......

We are working hard to resolve our surplus fleet issue.

Back in with a SB buy @ 109.5

Ditto Jimmy b

What do most budget airlines normally do with their older planes then?

Had bit of a shock when it went down to 104

I've had a small dabble @107.5 - out if it breaks a quid.

Itb gets WORSE just look at this........

Management has estimated that up to £3m per annum of additional cost could be incurred if the EU 261 regulation in respect of flight delays is enacted in its current form. £6.0m has been provided in the half-year to cover potential historical claims. Flybe recognises that there might be a further contingent liability as the amount ultimately claimed is difficult to estimate

£3million additional costs.

goldfinger

Haven't you closed any of your short's yet ? You could be done for indecent exposure

Liberium note out this morning - results "below our forecasts....

Just 1 tranche left for keepsake. What a profitable way to kick off a morning.

Stan ........scrap them if they are 5 year or older. Big charge to the account. Already written in at 7 million per quarter £28 million over the full year, from NEXT year.

I hear the 10 Flybe ones are over 6 years old.

Back in with a SB buy @ 109.5 -------- closed @ 113.71 job done