Loganair said its finances would be affected by a series of one-off costs following the end of the Flybe agreement, including rebranding, creating a new reservations system and bookable website, plus a contact centre at Glasgow airport.
The warning came as Loganair revealed that its pre-tax profit for the pervious financial year dropped by 11% to £3 million for the 12 months ending on March 31, 2017.
This fall in profit came despite an 8% increase in turnover to £103 million as passenger numbers rose by 8.6% to 765,000 during the 2016-17 financial year.
Loganair set for loss following Flybe split
Air
Rob Gill
4 January 2018
The Glasgow-based company stopped flying under the Flybe brand in August 2017 and is now billing itself as “Scotland’s Airline”.
Register for free to continue reading
Get unlimited access to the latest travel industry news and analysis, comment on articles and sign up to newsletters.
Register for free
Already registered? Login here or below.
Having difficulty logging in? Try these tips, or contact support@ttgmedia.com
