10 Jun 2016 08:42
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Don't have an account? Click here to register.Flybe chief executive Hammad fires ejector seat
Wed, 26th Oct 2016 11:02
(ShareCast News) - Flybe chief executive Saad Hammad has parted company from the beleaguered regional airline with its shares trading not far from all-time lows.Chairman Simon Laffin has stepped in to an executive role as the ejector seat has been pressed for Hammed, who started at the company in August 2013, with immediate effect.Flyby said in a statement that its search has already begun for a new CEO."The board would like to thank Saad for his energy and drive which has been a major contributor towards Flybe's transformation over the last three years. He mapped out a clear vision for the group and led it to a significantly stronger position," Laffin said.He added that in spite of the ongoing challenges facing the aviation industry, Flybe was "well placed" and would continue its strategy of focusing on regional routes.Along with June's annual results the company had announced an ambitious expansion of its network, including its first wholly non-British routes and 'pop-up' flights to cater for international football fans and unhappy rail passengers.Hammed, who axed several loss-making domestic routes and took a £20m hit from surplus aircraft costs, said at the time that with the airline in its final year of a three-year turnaround, it was "well positioned for profitable growth".
More News
9 Jun 2016 12:44
Broker tips: Antofagasta, RPC, Flybe
(ShareCast News) - Antofagasta shares dropped on Thursday as Canaccord Genuity downgraded the stock to 'hold' from 'buy' and lowered its target price to 475p from 550p. Canaccord said changes to the Chilean tax regime through 2018 may put pressure on Antofagasta's net margin and dividend. "The comp
Read more9 Jun 2016 12:26
Flybe rated as 'buy' with 132p target price by Numis
(ShareCast News) - Flybe shares fell almost 5% as Numis rated the stock as a 'buy' with a 132p target price. Numis said Flybe's reported pre-tax profit of £5.5m, from a £25.4m loss, was ahead of the brokerage's forecast for £3m. This meant the regional airline had achieved an important milestone in
Read more9 Jun 2016 12:08
Flybe returns to FY profit, issues cautious outlook
(ShareCast News) - Shares in Flybe fell almost 5% as the regional airline returned to full-year profit on improved revenue, despite the impact on bookings due to terror attacks in France and Belgium, but issued a cautious outlook. Pre-tax profit was £2.7m, from a re-stated loss of £23.6m a year earl
Read more2 Jun 2016 15:09
29 May 2016 15:07
Sunday share tips: Flybe, United Utilities, FairFX
(ShareCast News) - Sell shares in Flybe, was the verdict of the Sunday Times' Inside the City column as prospects for profits look limited. A week and a half away from full year results, shares in the regional airline are flying at 53.5p, half the level they started 2015 and valuing the company at a
Read more7 Apr 2016 10:43
Flybe descends to six-month low on weak demand and dollar uncertainty
(ShareCast News) - Low-cost airline Flybe said it was on track for its summer trading as it reported stable passenger numbers for the fourth quarter and said 2016 results are likely to be in line with market expectations. In a trading statement for the quarter ending 31 March, the company said seat
Read more7 Apr 2016 10:00
Flybe progress overshadowed by booking uncertainty and currency costs
* Says on track for 3 mln stg FY pretax profit * For 6 mths to Sept. 30, 21 pct of capacity sold, down 3 pct pts * Strong dollar to cost 7 mln stg in 2016/17 financial year * Shares down 8 pct, hit lowest in 11 months LONDON, April 7 (Reuters) - Shares in Flybe slumped to
Read more31 Mar 2016 15:15