Flybe split takes toll on Loganair as losses spiral

0 Despite the loss, passenger numbers at the airline were up 6.2% to an all-time high of 812,541 Loganair has plunged almost £9 million into the red following the break-up of its franchise agreement with Flybe and subsequent competition.

The cost of the Glasgowbased airline “flying solo” again brought a bill of about £3m, while delays in newlynegotiated codeshare agreements with partner airlines and travel agency booking channels going live led to a £2.1m bill.

Most damaging of all, Loganair noted, was the announcementbyflybethatitwasenter inganewfranchiseagreement with Eastern Airways and would compete head-to-head on six routes.

Despite the turbulence, Loganair booked record turnover of £110.7m, a rise of 7 per cent.passengernumberswere up 6.2 per cent to an all-time high of 812,541, but the load factor – the percentage of seats filled on scheduled flights – fell from 62.8 per cent to 59.8 per cent, due to the overcapacity on routes with Flybe competition. Just under 78 per cent of flights ran on time.