Flybe Group PLC (LON:FLYB) shares soared after the budget airline issued a rosy trading update for the first quarter, showing passenger revenue rising 11.7% to �174.0mln and advance bookings ahead of levels seen last year.
Shares in transport operator FirstGroup (LSE: FGP) sank by 5% today after it released a profit warning. The company has found trading challenging in its third quarter, with First Bus revenues being negatively affected by lower-than-forecast high street ...
Flybe There's no such thing as a buy-and-forget investment in the airline sector but, when we find ourselves apparently mid-macro cycle as now, the economic backdrop seems relatively benign for a shorter-term investment.
Flybe is to cancel most of an order for Embraer passenger jets and instead lease smaller Bombardier aircraft, in changes aimed at giving the Exeter-based carrier a fleet better suited to its routes and help cement its move into profit.