For the year to March Flybe made a profit of £7 million on slightly fewer passengers but with better sales of ancillary products which rose by 16% to an average of £11.98 per customer. This figure was almost half the previous year profit of £12.8 million but included a £5.7million write down for restructuring costs.
The company believes they are one of only three European airlines to be making a profit during the recession which started as far back as December 2007. Buoyed by these figures they will be looking for further expansion in Europe with more code share agreements opening up new markets.
In July, they signed up with Air France and are looking to do the same with Finnair to move into Scandinavia as well as expanding their existing fleet. Figures for the first 5 months of this year are up on 2009 but the impact of the ash cloud will put a major dent into this performance.
Tuesday, 21 September 2010
Wednesday, 30 June 2010
Gatwick rail link bewteen North and South terminal re-opens
As part of the £1 billion overhaul of Gatwick by the new owners, the rail link running between the north and south terminal has been completed. For the last 10 months customers have had to travel by bus to the terminals which is not ideal.
The shuttle link was completed two months ahead of schedule to the delight of the owners ready for July peak season traffic.Whilst based on the existing network virtually every thing esle has been replaced which will allow international travellers to move seamless when catching a connection from the other terminal.
The shuttle link was completed two months ahead of schedule to the delight of the owners ready for July peak season traffic.Whilst based on the existing network virtually every thing esle has been replaced which will allow international travellers to move seamless when catching a connection from the other terminal.
Thursday, 10 June 2010
BA strikers start to feel the pinch
Cash strapped British Airways cabin crew are beginning to waver in their support for the strikes, according to reports.
As Unite completes its last day of industrial action, there are murmerings that Chief Executive Willie Walsh might be winning his battle with airline cabin crew.
There will be no more walk-outs at least until after the World Cup tournement which starts this week.
A Unite spokesman has been said to tell the Financial Times that some staff were "skint" and felt the need to return to work although many said they would carry on with the striles rather than lose any progress that they had already made.
Walsh has repeatedly undermined the strikes by employing additional staff, encouraging members of the crew to cross the picket lines and revealing that the amount of flights that actually left, were far better than projected.
Conciliation service ACAS has made tentative dates for more talks but there is no solution on the horizon, as regard to the re-instatement of travel perks, removed by Walsh.
Original disputes over pay and conditions have already been settled.
Walsh says his determination not to cave in is most important, as when further cuts may be needed in the future, he doesn't want the threat of more strikes.
Meanwhile Unite must now decide whether it plans to ballot crew again for July strikes.
This all smacks of previous strikes we have seen going back to the eighties where staff desperately cling onto old working practices that are no longer competitive where the employers cannot afford to loose.
It is clear that BA have to reduce its operating costs and staff wages must be one area under review and they would be perhaps better placed working with the company rather than striking.
As Unite completes its last day of industrial action, there are murmerings that Chief Executive Willie Walsh might be winning his battle with airline cabin crew.
There will be no more walk-outs at least until after the World Cup tournement which starts this week.
A Unite spokesman has been said to tell the Financial Times that some staff were "skint" and felt the need to return to work although many said they would carry on with the striles rather than lose any progress that they had already made.
Walsh has repeatedly undermined the strikes by employing additional staff, encouraging members of the crew to cross the picket lines and revealing that the amount of flights that actually left, were far better than projected.
Conciliation service ACAS has made tentative dates for more talks but there is no solution on the horizon, as regard to the re-instatement of travel perks, removed by Walsh.
Original disputes over pay and conditions have already been settled.
Walsh says his determination not to cave in is most important, as when further cuts may be needed in the future, he doesn't want the threat of more strikes.
Meanwhile Unite must now decide whether it plans to ballot crew again for July strikes.
This all smacks of previous strikes we have seen going back to the eighties where staff desperately cling onto old working practices that are no longer competitive where the employers cannot afford to loose.
It is clear that BA have to reduce its operating costs and staff wages must be one area under review and they would be perhaps better placed working with the company rather than striking.
Wednesday, 26 May 2010
Plans for Bristol Airport Expansion Sanctioned.
Bristol airport has won its bid for expansion, which which is projected to increase the number of customers that pass through the Airport , from six million to 10 million annually.
The confirmation of the £150 million upgrade was announced as BAA dropped plans to build new runways at Heathrow and Stansted following opposition by the new Conservative-Liberal Democrat coalition government.
Alterations to the structure of the Airport will be aimed around the existing site and there will be no additional runway or terminal, and there will be a new 5 storey car park.
The project is expected to create 3,500 new jobs and increase the amount of foreign visitors to the area which in turn will generate more income for the South West of the UK.
New routes will possibly include Munich, Abu Dhabi, Washington, Atlanta, Singapore, Dubai, Istanbul, Copenhagen, Stockholm, Toronto Dusseldorf and Zurich.
There will be a meeting next week to discuss the proposed changes, which include new and improved transport links to and from the Airport and there are still many planning issues. Because part of the development lies withing the green belt, any final decisions will be have to be agreed with the Secretary of State.
Bristol council have already stipulated that the Airport will have to contribute significantly toward the improvements.Funds will be needed for new calming measures around the Airport, a new link road between the A370 and the A38 will have to be built and new environmental measures will have to be put in place to lessen noise to local residents.
More than 5,000 objections were received by Bristol Council, and a local campaign group "Stop Bristol Airport Expansion have also voiced their concerns.
The confirmation of the £150 million upgrade was announced as BAA dropped plans to build new runways at Heathrow and Stansted following opposition by the new Conservative-Liberal Democrat coalition government.
Alterations to the structure of the Airport will be aimed around the existing site and there will be no additional runway or terminal, and there will be a new 5 storey car park.
The project is expected to create 3,500 new jobs and increase the amount of foreign visitors to the area which in turn will generate more income for the South West of the UK.
New routes will possibly include Munich, Abu Dhabi, Washington, Atlanta, Singapore, Dubai, Istanbul, Copenhagen, Stockholm, Toronto Dusseldorf and Zurich.
There will be a meeting next week to discuss the proposed changes, which include new and improved transport links to and from the Airport and there are still many planning issues. Because part of the development lies withing the green belt, any final decisions will be have to be agreed with the Secretary of State.
Bristol council have already stipulated that the Airport will have to contribute significantly toward the improvements.Funds will be needed for new calming measures around the Airport, a new link road between the A370 and the A38 will have to be built and new environmental measures will have to be put in place to lessen noise to local residents.
More than 5,000 objections were received by Bristol Council, and a local campaign group "Stop Bristol Airport Expansion have also voiced their concerns.
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