Flybe report revenue and passenger increases
17.08.11
Flybe has reported an increase in passengers and revenues, despite a ‘continuing backdrop of high fuel costs’. In a trading statement released this morning, the regional budget airline said that revenue for the 3 months ended 30 June was £160.4 million, up 8.3% on last year.
Passenger numbers increased by 7.7% to 2 million and revenue per seat was up by 4.9% to £48.09, with average ticket income up 3.4% to £62.27. Current trading is ‘encouraging’, with forward ticket sales revenue up 6% on last year.
Jim French, chief executive officer of Flybe, said: ‘This is a satisfactory trading and operational performance achieved against a backdrop of high fuel costs and challenging economic conditions. We are pleased to report increases in revenue per passenger and revenue per seat. The group has also made excellent progress on its strategic plans, with the acquisition of Finncomm, the strengthening of the management and divisional structures and aircraft sales.’
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