Flybe predict record profits
04.07.08
Flybe will announce record profits in its upcoming full year results despite record oil prices, abtn.co.uk reports. The airline's chief commercial officer Mike Rutter told the news website that it is benefiting from a lower break-even factor, meaning it can withstand fuel prices more easily.
Mr Rutter said: ‘The airline industry is facing the greatest challenges since the 1974 oil crisis, a triple whammy of record fuel prices, falling consumer demand for discretional leisure flights because of the credit crunch and increasing taxation driven by ill-thought-out green proposals.'
‘As Europe’s largest regional airline - Flybe will carry 8 million passengers in 2008 – we have been preparing for these challenges for 5 years. While we could not have predicted the size of the increase in the oil price, we were clear it was going up. We were also clear 2 years ago that consumers’ appetite for visiting places they had never heard of would wane, dented by a weaker economy and by a consumer backlash to the service attitude of some hard-core budget airlines.’
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book birmingham airport hotel or birmingham airport car parking at the lowest price click on these links to birmingham airport car parking and birmingham airport hotel price comparison pages.
