Loganair posts losses of nearly GBP9m
Scottish operator Loganair has reported a pre-tax loss of GBP8.93m (US$11.68) for the year to March 2018. The airline has blamed the end of its franchise agreement with Flybe. This resulted in the airlines competing directly on 6 routes, including five in the Highlands and Islands. Without the non-recurring items associated with the airline's former partner, Loganair would have recorded an underlying pre-tax profit of GBP2.95m. After the break-up with Flybe, Loganair spent GBP2.98m re-establishing its own brand and back-office functions. Delays in code-sharing agreements with new business partners cost a further GBP2.09m. But the biggest loss has been attributed to a price war with Flybe, estimated by Loganair to have cost it GBP6.8m. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-06-29/unaligned/loganair-posts-losses-of-nearly-gbp9m
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Loganair posts losses of nearly GBP9m
Scottish operator Loganair has reported a pre-tax loss of GBP8.93m (US$11.68) for the year to March 2018. The airline has blamed the end of its franchise agreement with Flybe. This resulted in the airlines competing directly on 6 routes, including five in the Highlands and Islands. Without the non-recurring items associated with the airline's former partner, Loganair would have recorded an underlying pre-tax profit of GBP2.95m. After the break-up with Flybe, Loganair spent GBP2.98m re-establishing its own brand and back-office functions. Delays in code-sharing agreements with new business partners cost a further GBP2.09m. But the biggest loss has been attributed to a price war with Flybe, estimated by Loganair to have cost it GBP6.8m. <br/>
