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Flyglobespan in “great shape" to weather a downturn

9-Sep-2008

Flyglobespan, Scotland’s largest airline, stated it is in “great shape” to “weather a downturn” and is on track to return to profit this financial year (with a profit of GBP2 million) after reporting its first full-year loss of GBP13 million in the 12 months to 30-Oct-07. The loss followed a GBP3 million profit in 2006. [745 words]

Unlock the following content in this report:

Subheadings:

  • Taking precautions in difficult operating environment
  • Takes unusual move and extends advance booking period
  • Carries 5 millionth passenger in Aug-08

Graphs and data:

  • Flyglobespan strategies in current difficult operating environment
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