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Normal operations as Flybe reportedly on brink of collapse

Jan. 13, 2020
2 min read
Normal operations as Flybe reportedly on brink of collapse
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Flybe is reported to have entered into survival talks for emergency financing with the British Government amid financial difficulties.

Sky News reports that accountancy firm EY has been put on standby to help the airline through potential a type of bankruptcy if needed. The airline's large domestic network struggles to compete on some of its routes with road and rail land-based alternatives.

Related reading: To Flybe or not to Flybe: A review of Flybe's Dash 8 from Heathrow to Aberdeen

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In a tweet on Sunday, Flybe implied that the news of its potential demise is only rumor and speculation.

As of Monday Jan. 13 in the afternoon, Flybe flights are operating as normal, and there is currently no sign of future cancellations.

Flybe-operated flights are still operating as of Monday afternoon. (Image courtesy of FlightRadar24)
Flybe-operated flights are still operating as of Monday afternoon. (Image courtesy of FlightRadar24)

Should the airline go under, passengers who purchased tickets directly through the airline would not covered by a British organization that refunds travelers. Passengers may be protected, however, if they booked through a tour company or travel agent.

Should Flybe go under, it would be a second devastating loss to the U.K. aviation industry in only a few months, following the collapse of Thomas Cook.

According to ITV, the Exeter-based airline, which operates 75 aircraft and employs more than 2,000 staff — is Europe's largest regional carrier, flying eight million passengers a year.

In 2019, the airline was bought by Connect Airways which is owned by Virgin Atlantic, Stobart Group and Cyrus Capital, and is due to be rebranded as Virgin Connect later this year.

Featured image by (Photo by Daniel Ross/The Points Guy)

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Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
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3XEarn 3 Points per $1 spent at Restaurants and Supermarkets
3XEarn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
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  • Intro Offer
    For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

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  • Annual Fee

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  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
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Why We Chose It

The Citi Premier’s 3 points per dollar spent across a wide range of popular categories is one of the more lucrative offerings in the world of points and miles. The Citi Premier comes with a $95 annual fee and is currently offering a solid sign up bonus of 80,000 points after you spend $4,000 on purchases within the first three months. It also has some valuable transfer partners to make the most of your rewards. Add in access to Citi Entertainment plus a $100 hotel credit for any single-stay hotel booking that exceeds $500 or more, excluding taxes and fees, booked through the Citi travel website, there are few reasons why the Citi Premier should not be in every traveler’s wallet.

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  • Earns 3x points on restaurants, supermarkets, gas stations, air travel and hotels.
  • $100 annual hotel savings benefit (on single hotel stay bookings of $500 or more, excluding taxes and fees, booked through thankyou.com)
  • Points transfer to 16 airline programs, from JetBlue to Virgin Atlantic.
  • World Elite Mastercard benefits, extended warranty, damage and theft protection.

Cons

  • $95 annual fee
  • Lacks travel protections that other travel rewards cards come with
  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases