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Flybe nosedives on profits warning


Andy Onchan

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14 minutes ago, John Wright said:

Guernsey politicos must be breathing a huge sigh of collective relief that Aurigny may just staunch the spiralling losses.

At least it’s a useful asset. We lose money on all sorts of old crap. Horse trams, steam trains, and 67 shiny new mini buses sitting in school carparks. We could probably buy or fund an airline and lose less money than we already do on all that completely useless under utilized old crap and actually boost our visitor numbers at the same time. But our civil servants seem to like to build empires of expensive rubbish to keep them busy and looking important.

https://www.bbc.co.uk/news/world-europe-guernsey-49579880

Link added: It looks like it lost about £8m last year which is about what Bus Vannin and the various railways usually lose combined. It also looks like a move towards more open skies actually caused them the main losses too. 

Edited by thesultanofsheight
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8 minutes ago, thesultanofsheight said:

At least it’s a useful asset. We lose money on all sorts of old crap. Horse trams, steam trains, and 67 shiny new mini buses sitting in school carparks. We could probably buy or fund an airline and lose less money than we already do on all that completely useless under utilized old crap and actually boost our visitor numbers at the same time. But our civil servants seem to like to build empires of expensive rubbish to keep them busy and looking important.

https://www.bbc.co.uk/news/world-europe-guernsey-49579880

Link added: It looks like it lost about £8m last year which is about what Bus Vannin and the various railways usually lose combined. 

And projected £10m this. Over £40m since start up.

I agree about the heritage assets losses. Buses pure and simple I’m not so sure. But to make buses effective you have to price cars out.

Aurigny started to maintain links with Alderney, for which I can understand a States subsidy. They then got the same grandiose money losing delusions our lot have.

 

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We seem to be very good at putting the cart before the horse sometimes. We build hundreds of houses for a significant population increase that has yet to happen.

We spend millions on tourist heritage attractions that now, currently, have very restricted means of getting tourists here.

Priorities? Reliable, affordable transport links have to come first, surely? And if there isn't enough of a market to interest commercial operators then Govt will have to do it. Lord preserve us.

Edited by Non-Believer
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52 minutes ago, thesultanofsheight said:

Yes agreed and were into the SPC for over £200M now and we’ve only owned it 18 months. 

Not sure about those figures, but the SPCo make lots of money and the debt will reduce. Airlines don’t make any money serving our isle.

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1 hour ago, John Wright said:

. But to make buses effective you have to price cars out.

 

 

they are trying their best with the road tax pricing.   for what we actually take in bus fares they might as well be free for everybody,  that way people might actually decide that going half an hour early or getting home half an hour later is worth the saving on having their own car,.  and the drivers couldn't nick money then either.  the down side of course is the government wants folks buying fuel cos of all the excessive duty  they have attached to it.  same with fags,  stop smoking everyone but still give us the money.

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1 hour ago, John Wright said:

And projected £10m this. Over £40m since start up.

I agree about the heritage assets losses. Buses pure and simple I’m not so sure. But to make buses effective you have to price cars out.

Aurigny started to maintain links with Alderney, for which I can understand a States subsidy. They then got the same grandiose money losing delusions our lot have.

 

The issue with Guernsey States & Aurigny is that they didn't protect their own interests.

Bonkers mad.... (as Al Murray would say)

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4 minutes ago, Derek Flint said:

Maybe an integrated sea and air transport company could run cost neutral?

Do you honestly think our Govt could manage that...?

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20 minutes ago, dilligaf said:

Not sure about those figures, but the SPCo make lots of money and the debt will reduce. Airlines don’t make any money serving our isle.

I'm sure easyJet would cease flying here tomorrow, if there was no money in it for them.

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1 hour ago, dilligaf said:

Not sure about those figures, but the SPCo make lots of money and the debt will reduce. Airlines don’t make any money serving our isle.

£124M to buy it, £35M for the new Liverpool terminal about £60M being raises for two new boats as a minimum. It’s well over £200M already. How will the debt reduce? Will you be paying it off? 

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They'll flood here when the horsetrams are finished and the diesel's fixed. And the Island's countryside is manicured, courtesy of all the grants. We'll be fighting to stop the boat being overloaded.

 

 

Maybe.

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