Flybe, a low-cost regional airline in the UK, has collapsed into administration. The coronavirus crisis has apparently added increased pressure to an already precarious financial situation.
In this news report you can hear the expression ‘cut-throat’ world: typically associated with business, where competition is strong, and sometimes, ruthless.
In the cut-throat world of budget airlines, where competition is intense and costs are cut to the bone, Flybe was a relatively small player. It carried around 8 million passengers a year, far fewer than the likes of easyJet or Ryanair. Its importance lay in the routes it served, offering regional connections from airports in places like Newquay, Belfast, Inverness and the Isle of Man.
- Flybe: airline collapses two months after government announces rescue
- Flybe: What are the wider implications of the airline’s demise?