Flyglobespan expects profit; could expand
26.09.08
Flyglobespan is set to return to profit this year despite record fuel costs and a weakening economy, the Daily Record reports. Founder and chairman Tom Dalrymple and chief executive Rick Green told the newspaper the airline has had a good - if not exceptional - year.
With 6 weeks until the end of the summer season, the airline's planes are already 90 percent full on average, with Mr Green is confident that the final figure will hit 94 percent. He said: ‘We finished last year on 90 percent. That is four percent improvement on load factor that is already industry-leading. Ryanair and easyJet eulogise about 82s and 83s.’
Mr Dalrymple said the airline had got over last year's ‘blip’ when they were dogged by engine problems on two Iceland Air aircraft, which resulted in long delays for passengers, and suffered loses of £13 million. He said: ‘Last year's losses are a thing of the past and I think we will certainly be trading in the black this year.’
Following the collapse of a number of airlines around the world, the airline is also looking to pick up some modern aircraft at bargain prices. Mr Dalrymple told the Record: ‘There is some new equipment out there at very, soft prices so our fleet might increase by a unit or two.’
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