www.flybe.com

Could fall as low as 40p and not stop there either.

I seriously think this one could go bust. imho.

Flybe loses a quarter of its value after disappointing update
Airline says it will only break even for year and oil price fall will not benefit business
Guardian 26/Jan/2015


Flybe grounded after saying it will only break even this year

The airline world may be concentrating on International Airline Group’s attempt to buy Aer Lingus, but there is also time to note a disappointing update from Flybe.

The budget airline’s shares have lost nearly a quarter of their value - down 21.75p at 68.25p - after it said it would only break even in the full year after a fall in third quarter passenger revenue. After moving into profit last year, the airline had already moved back into the red in the first half due to one off costs and a charge relating to ending its Finnish joint venture.

Now it says passenger revenues dropped 3.8% to £126.8m in the three months to December, after increased competition on its routes from London City Airport. It said:

We believe that this competitive pressure will extend the period of time that these routes take to reach maturity and deliver the full contribution we expect.

It also said the recent plunge in the oil price would have no beneficial on its 2015 figures and minimal impact on 2016 “given our hedging profile on both fuel and the US dollar.” But it said continued lower oil prices could give it flexibility to cut fares if it seemed commercially necessary.

It said it was still seeking to dispose of nine unwanted Embraer E195 aircraft (known as project Blackbird) which cost around £26m a year. It plans to use five of them on selected routes this summer but is still looking for a permanent solution for these aircraft.

Despite the problems chief executive Saad Hammad said:

Flybe’s improvement in its core Uk business continues to progress. Only a year into our three year transformation we now have a platform which enables us to compete in a tough environment where the consumer demands value. We are now well positioned to continue our positive momentum towards delivering sustained profitability and value to shareholders.

Looks like 60p on the cards over the next few days.

Down again this is going to 60p and lower very fast.

i still hold my short but haven't (yet?) increased it

Cyners If you set aside say an hour tonight or earlier, just go through the accounts.

It could easily go bust this one in 18 months time.

Its certainly going to lose out on local routes and will be in a lot of cases flying customers at a loss, EZJ is its main competitor in this field and they have nowhere near hedged as much fuel and thay havent the overhead and currency costs.

Make no wonders revenues were down in the last 1/4tr.

with the markets looking to drop in general, i have in fact extended my short (66p)

as i see it, FLYB hasn't a great deal going for it at the moment, and the rustbuckets that they are trying and (so far) failing to sell are a real millstone

Yep I mentioned them months ago.

Nobody wants them.

Down again, could go sub 60p by end of week.

Trumped up company.

just slowly drifting
closed at 60.25 offer

Yep more and more shorting it.

Wish I had the time, suppose I could use a stop loss but dont trust them always seem to gap down with me.

Winnies podcast includes thoughts on FLYB....

Tom Winnifrith BearCast - Disagreeing strongly with Chris Oil & Malcolm Stacey
By Tom Winnifrith | Wednesday 28 January 2015

This website is about debate. You can respect or even like your colleagues and I am a massive admirer of Malcolm Stacey for the record. But you have to tell your friends when they are wrong. The way that Chris Oil looks at Flybe (HERE) is wrong and comrade Malcolm's comments on Greece and the Euro today (HERE) are wrong at every single level. I explain why in this podcast.

To get your free copy of my new book 49 Red Flags sent to you today fill in the form HERE

http://www.shareprophets.com/views/10304/tom-winnifrith-bearcast-disagreeing-strongly-with-chris-oil-malcolm-stacey

Just listened to it, I had a right set too with Chris Oil on Twitter on eve of Last results a couple of months ago, wouldnt mind but he had a strong buy on them and said they would declare a profit BUT he had sold a certain % of his holding that same day!!!!!!!!ie, day before results.

Winnies right this bloke needs to make his mind up whats what.

Are you Winnies bitch now gf, how much is he paying you to de ramp this?

Your pathetic.

i always think of him as winnie the wanker

Cynic, why do you constantly jump in and respond whenever a poster directs a comment to gf?

Aye fat wanker. I'm not trading these cynic and neither is Billy Bullshit so why is he so keen to deramp these and FOXT also?

not really fair ..... i just happened to log on as i wanted to check what happened in USA and as i am already short here - very profitably as it happens - i saw fit to comment

Billyonemate and guess who his one mate is.

Cyners tell the fish fryers wife to FO. I cant see what hes saying (filtered) but I know from his past performance what hes like.

Ask him what his on going loss is now on FLYB.?

Plenty of pay day loan firms about.