www.flybe.com

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

Must dash now but those 10 grounded rust buckets are like a lead weight around this companys neck.

I think that as been well discounted in the share price drop this morning

No not at all.

Read the RNS.

Still trying to sell them or something like that. Your thinking of the surplus planes thay have bought which they are returning back.