Flybe cut capacity growth as business passengers drop
14.09.08
Flybe is responding to the reduced demand for flights by cutting its growth plans for the winter season. The regional budget airline will be offering 400,000 fewer seats than originally planned between October and March, after a decision was made to reduce capacity growth.
The regional budget airline will only increase its capacity by 6 percent this winter, instead of the 16 percent it had planned. It will also cut back on the number of flights it operates between the UK and a number of destinations in Europe, including Brussels, Frankfurt and Paris.
Chairman and chief executive, Jim French, said that Flybe’s corporate customers were starting to rein in spending, which prompted the airline to change its growth plans. He said: ‘We are beginning to see some corporate accounts slow down.'
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