www.flybe.com

“The repair costs have been estimated at well over £3million and closer to £4million and that’s quite a cost for a smallish airline.....................................


will have put profits back another year imho.

surely insured against such an incident, at least for the repairs themselves
that said, there's prob a big deductible

Depends what the insurance experts find. Say if its neglect..........well.

very unlikely, and even then it would have to have been wilful rather than just by omission

Read the article again. There are give aways.

Initial reports from Flybe indicted a fire had occurred in the left engine and had been extinguished by the pilot using an automatic safety system.

But last night an aviation expert questioned the seriousness of the problem that has been uncovered by the investigation.

“It costs a lot of money for this type of repair plus it costs airlines a lot to have a plane grounded.

THEN.........

He said: “There is no doubt there was a fire in the engine but it concerns me that the repairs have been so delayed and it would suggest there was something more serious.

“Flybe would have been working with scant information when the incident happened and no doubt they understood that a fire had broken out in the engine. At that stage when they made their media statement it would have been impossible for them to know exactly what else might have gone wrong, if anything.

“Under normal circumstances a fire in an engine would be extinguished and the plane landed. The fire-damaged engine would be have been removed and inspected and a new one fitted within a matter of days.

as i'm already short here, i shall be very happy to see sp tumble south, but i do not subscribe to fuelling this sort of unproven rumour .... as it stands, it is supposition and little more

Im the messenger.

Seems strange though that in normal circumstances a new engine would be fitted inspected in a few days.

Couldnt give a toss either way anyway, got far too much on now over the next 9 months.

sorry m8 ... that was unusually grumpy of me last night

Another profit warning.

This is significant.........

Fuel markets are experiencing significant reductions in fuel prices with the dollar strengthening against sterling. Given our hedging profile on both fuel and USD, this will have no beneficial effect on our FY15 and minimal impact on FY16 results.

:-)
shame i wasn't brave enough to take a somewhat larger position, but still not to be knocked

Yep wish Id have had another short now but just dont have the time for next 9 months or so to keep a beady eye on the markets.

Another big minus..........

We expect to achieve around break-even at pre-tax profit level for the Full Year to March 2015, before the costs of the E195s and any impact of USD loan revaluation,

strewth!
$ loans are going to cost them dear as it's strengthened 7-10% over the last year

This is why i ignore most broker rec's ..

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

26 Jan Liberum Capital 140.00 Buy
13 Jan Liberum Capital 180.00 Buy
13 Jan Liberum Capital 180.00 Buy
22 Dec Liberum Capital 180.00 Buy
3 Dec Liberum Capital 180.00 Buy
1 Dec Liberum Capital 180.00 Buy

Looks a dogs dinner when you go back through the figures.

That new CEO doesnt help being so optimistic.

In fact cant see it making a profit until 2017 now. Thats if its still in business, just think about that hedging of fuel and how its going to effect competition. Rivals will be able to knock out prices far lower than Flyb. And then theres the loan revaluation costs.

Margins will be eroded paper thin.

I honest really do fear for this company.

SP going from bad to worse.

i suppose next support is 60, but if the bears really get their teeth into this, there's no real reason for it to stop there