Flybe in the red after tough year

Daily Echo: Flybe chief executive Jim French Flybe chief executive Jim French

SOUTHAMPTON Airport’s largest carrier Flybe enjoyed a nine per cent share bounce this morning despite slumping to a full-year loss.

The regional airline racked up losses in the UK of £2.2 million for the year to the end of March, compared to profits of £5.7 million the previous year, as it battled a five per cent decline in the domestic market and high fuel prices.

But the carrier grew its share of its domestic market to 28 per cent after passenger numbers lifted two per cent to 7.3 million and analysts said it is set to benefit from recent falls in oil prices.

Shares in Flybe, which floated on the stock exchange 18 month ago, rose 5.5p to 67.5p.

Flybe Finland, the company's joint venture with Finnair started nearly a year ago, already operates 25 routes in six countries and has scope for further expansion amid consolidation in the industry.

Losses for the group were £7.1 million, compared to a £22.3 million profit in the previous year.

Chief executive Jim French said: ''We remain in a challenging environment. However, Flybe today is a business of real scale and substance and one which has again demonstrated its resilience.''

Andrew Fitchie, an analyst at Investec, said the company's drive to contain costs while investing in its fleet and expand overseas will ''pay off handsomely'' given time.

He revised up his forecasts, saying he expects the airline to return to profit in the current year, with a £500,000 surplus compared to his previous estimate of a £1.3 million loss.

Comments (16)

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1:33pm Mon 11 Jun 12

Smartiepants says...

Flybe are Southampton airport's only carrier aren't they? Everyone else has ditched them in favour of Bournemouth.
Flybe are Southampton airport's only carrier aren't they? Everyone else has ditched them in favour of Bournemouth. Smartiepants
  • Score: 0

1:43pm Mon 11 Jun 12

forcaster says...

As a flyer with Flybe from Spain to Southampton it is not suprising that passengers are going from Alicante to Bournemouth.The other carriers are far cheaper by a long way,and thier service is as good.Am flying with them in July BUT will be considering our options on future trips.
As a flyer with Flybe from Spain to Southampton it is not suprising that passengers are going from Alicante to Bournemouth.The other carriers are far cheaper by a long way,and thier service is as good.Am flying with them in July BUT will be considering our options on future trips. forcaster
  • Score: 0

1:44pm Mon 11 Jun 12

SouthernKel says...

If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there!
If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there! SouthernKel
  • Score: 0

2:09pm Mon 11 Jun 12

Adi Russ says...

I agree with SouthernKel. My sister lives in France and I have flown twice with Flybe from Southampton. It is now cheaper to go by ferry from Portmouth to St Malo than pay the Flybe prices. The actual seats seem quite cheap to begin with but the add ons make it very expensive.
I agree with SouthernKel. My sister lives in France and I have flown twice with Flybe from Southampton. It is now cheaper to go by ferry from Portmouth to St Malo than pay the Flybe prices. The actual seats seem quite cheap to begin with but the add ons make it very expensive. Adi Russ
  • Score: 0

2:17pm Mon 11 Jun 12

Lone Ranger. says...

Smartiepants wrote:
Flybe are Southampton airport's only carrier aren't they? Everyone else has ditched them in favour of Bournemouth.
No they are not the only carriers but certainly are the largest.
.
Having used Southampton airport and Flybe on numerous occasions i think that the airport is great and certainly more relaxed and "civilised" than Heathrow or Gatwick who cater for a different type of air traveller
[quote][p][bold]Smartiepants[/bold] wrote: Flybe are Southampton airport's only carrier aren't they? Everyone else has ditched them in favour of Bournemouth.[/p][/quote]No they are not the only carriers but certainly are the largest. . Having used Southampton airport and Flybe on numerous occasions i think that the airport is great and certainly more relaxed and "civilised" than Heathrow or Gatwick who cater for a different type of air traveller Lone Ranger.
  • Score: 0

3:39pm Mon 11 Jun 12

OSPREYSAINT says...

Smartiepants wrote:
Flybe are Southampton airport's only carrier aren't they? Everyone else has ditched them in favour of Bournemouth.
Uninformed comment as usual, Eastern Airways, Aurigny, Scilly Skybus, Blue Islands and soon Vueling are among other operators. Flybe code share with a number of other Airlines, including Air France. Hurn has Ryanair, Thomson but not much else.
[quote][p][bold]Smartiepants[/bold] wrote: Flybe are Southampton airport's only carrier aren't they? Everyone else has ditched them in favour of Bournemouth.[/p][/quote]Uninformed comment as usual, Eastern Airways, Aurigny, Scilly Skybus, Blue Islands and soon Vueling are among other operators. Flybe code share with a number of other Airlines, including Air France. Hurn has Ryanair, Thomson but not much else. OSPREYSAINT
  • Score: 0

3:53pm Mon 11 Jun 12

OSPREYSAINT says...

The recent 19% increase in Airport Tax is bound to have an affect on the numbers trying to travel, not everyone can afford them, train fares have increased too, so it's encouraging more people to use their cars.
The recent 19% increase in Airport Tax is bound to have an affect on the numbers trying to travel, not everyone can afford them, train fares have increased too, so it's encouraging more people to use their cars. OSPREYSAINT
  • Score: 0

5:20pm Mon 11 Jun 12

richieroo says...

SouthernKel wrote:
If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there!
Here here!.
[quote][p][bold]SouthernKel[/bold] wrote: If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there![/p][/quote]Here here!. richieroo
  • Score: 0

7:08pm Mon 11 Jun 12

Lone Ranger. says...

richieroo wrote:
SouthernKel wrote:
If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there!
Here here!.
How much cheaper??
[quote][p][bold]richieroo[/bold] wrote: [quote][p][bold]SouthernKel[/bold] wrote: If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there![/p][/quote]Here here!.[/p][/quote]How much cheaper?? Lone Ranger.
  • Score: 0

7:25pm Mon 11 Jun 12

Georgem says...

Lone Ranger. wrote:
richieroo wrote:
SouthernKel wrote:
If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there!
Here here!.
How much cheaper??
Good question. The convenience of getting to the airport within 10 minutes of leaving the house, and being home within 20 mins of landing trumps saving a few quid to me. There's no definitive answer.
[quote][p][bold]Lone Ranger.[/bold] wrote: [quote][p][bold]richieroo[/bold] wrote: [quote][p][bold]SouthernKel[/bold] wrote: If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there![/p][/quote]Here here!.[/p][/quote]How much cheaper??[/p][/quote]Good question. The convenience of getting to the airport within 10 minutes of leaving the house, and being home within 20 mins of landing trumps saving a few quid to me. There's no definitive answer. Georgem
  • Score: 0

9:05pm Mon 11 Jun 12

OSPREYSAINT says...

Lone Ranger. wrote:
richieroo wrote:
SouthernKel wrote:
If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there!
Here here!.
How much cheaper??
How do you get to Gatwick?
[quote][p][bold]Lone Ranger.[/bold] wrote: [quote][p][bold]richieroo[/bold] wrote: [quote][p][bold]SouthernKel[/bold] wrote: If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there![/p][/quote]Here here!.[/p][/quote]How much cheaper??[/p][/quote]How do you get to Gatwick? OSPREYSAINT
  • Score: 0

10:23pm Mon 11 Jun 12

Huffter says...

richieroo wrote:
SouthernKel wrote: If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there!
Here here!.
Where? Where?
[quote][p][bold]richieroo[/bold] wrote: [quote][p][bold]SouthernKel[/bold] wrote: If they didn't charge such ridiculous prices with "add-ons" for everything, this wouldn't be happening. I've found that it actually works out cheaper to travel from Southampton to Gatwick and fly from there![/p][/quote]Here here!.[/p][/quote]Where? Where? Huffter
  • Score: 0

1:20am Tue 12 Jun 12

Poppy22 says...

Must admit, although we'd like to support our local airport, we've ended up flying from Gatwick (British Airways and holiday company flights) due to Flybe's Southampton routes' cost and the lack of routes. Flybe seems good for UK and France routes but not much else. How about Southampton to Venice (Marco Polo) and, eg, Florence, at a reasonable cost, and do away with some of the France routes?
Must admit, although we'd like to support our local airport, we've ended up flying from Gatwick (British Airways and holiday company flights) due to Flybe's Southampton routes' cost and the lack of routes. Flybe seems good for UK and France routes but not much else. How about Southampton to Venice (Marco Polo) and, eg, Florence, at a reasonable cost, and do away with some of the France routes? Poppy22
  • Score: 0

9:23am Tue 12 Jun 12

Icklelady says...

Haven't prices (add-ons) increased recently? I went to Holland last year with flybe, from Southampton, and the add-ons were as expected; not too many but, there were some. Flying again this year, and we've decided not to take any luggage, or choose our seats because with these add-ons, it pretty much doubled the original cost of the flights!

Give us an all-in price please??
Haven't prices (add-ons) increased recently? I went to Holland last year with flybe, from Southampton, and the add-ons were as expected; not too many but, there were some. Flying again this year, and we've decided not to take any luggage, or choose our seats because with these add-ons, it pretty much doubled the original cost of the flights! Give us an all-in price please?? Icklelady
  • Score: 0

9:51am Tue 12 Jun 12

Georgem says...

Icklelady wrote:
Haven't prices (add-ons) increased recently? I went to Holland last year with flybe, from Southampton, and the add-ons were as expected; not too many but, there were some. Flying again this year, and we've decided not to take any luggage, or choose our seats because with these add-ons, it pretty much doubled the original cost of the flights!

Give us an all-in price please??
It's marketing, innit?! Every time I'm flying anywhere, people pop up and say "go to this website, flights for £25!" which is of course utter nonsense. But it WORKS. People really do fall for it, so you're not going to get an all-in price, until some airline decides that giving us the actual price up-front is advantageous to THEM.
[quote][p][bold]Icklelady[/bold] wrote: Haven't prices (add-ons) increased recently? I went to Holland last year with flybe, from Southampton, and the add-ons were as expected; not too many but, there were some. Flying again this year, and we've decided not to take any luggage, or choose our seats because with these add-ons, it pretty much doubled the original cost of the flights! Give us an all-in price please??[/p][/quote]It's marketing, innit?! Every time I'm flying anywhere, people pop up and say "go to this website, flights for £25!" which is of course utter nonsense. But it WORKS. People really do fall for it, so you're not going to get an all-in price, until some airline decides that giving us the actual price up-front is advantageous to THEM. Georgem
  • Score: 0

9:57am Tue 12 Jun 12

Icklelady says...

Georgem - I'm not able to 'quote,' annoying.

But yeah, people do fall for it, I agree. But if an airline were to advertise saying "£50 inc tax/seat selection/bags," I'd go for that because I know that's the price.

It's frustrating having to waddle through the ticket process watching the price go up on the right every other click.

As I say, I now fly with just hand luggage, and check in early to get an ok seat.

And card payment charges?? ...There's another can of worms.
Georgem - I'm not able to 'quote,' annoying. But yeah, people do fall for it, I agree. But if an airline were to advertise saying "£50 inc tax/seat selection/bags," I'd go for that because I know that's the price. It's frustrating having to waddle through the ticket process watching the price go up on the right every other click. As I say, I now fly with just hand luggage, and check in early to get an ok seat. And card payment charges?? ...There's another can of worms. Icklelady
  • Score: 0

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