5 NOVEMBER 2018
© 2022 Business Travel News Ltd.
On a day when her airline's share price was at an all-time low of just 11p (it closed at 10.5p on Friday, 2 November), Flybe CEO Christine Ourmières-Widener was brave in addressing the AOA conference saying she could not answer financial questions due to London Stock Exchange rules. “As a listed company I have to abide by the LSE guidelines," she said. "Flybe will announce its interim results on 14 November.”
The AOA conference traditionally winds up with an address by a British airline CEO.
Flybe issued a profit warning on 22 October
To put things into perspective, Flybe in 2017 carried 8.8m passengers at a load factor of 69.6%, down from 72.6% in 2016, and made a £48.5m loss. It plans to reduce its current fleet from 85 to 70 aircraft by 2020.
Ourmières-Widener was able to discuss the airline’s piloting situation, which she described as “difficult”, noting Flybe was the only British airline to train its pilots in-house. “Fortunately, with our route structure, we can offer an appointment that brings staff home every night. It is one of our strengths”.
As a one-time Air France engineer, she said she was hopeful for the Flybe “Flyshe” campaign. “Every day, we champion women in all areas of our business.”
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum