Planes on the tarmac at Norwich International Airport
Flybe plane
June 2008
Picture: James Bass
Copy; Kate Scotter
For: EN News
Evening News © 2008 (01603) 772434
Friday, February 10, 2012
11:43 AM
Airline Flybe posted flat revenues in the UK today as it highlighted the tricky conditions that caused its shares to hit turbulence last month.
Europe’s biggest regional airline, which flies from airports including Norwich Bristol, Cardiff, Doncaster, Edinburgh and East Midlands, said UK sales were down 0.3pc on a year ago to £133.7m in the final quarter of 2011.
The figure confirms last month’s warning that revenues would be significantly lower than it hoped, fuelling fears in the City for a full-year loss.
It has reduced capacity by 6pc on January a year ago and said today it has seen passenger revenues per seat improve by 3% as a result.
Chairman and chief executive Jim French said: “Although we expect market conditions to remain challenging, we have a robust and flexible business model and clear and achievable growth plans.
“We remain confident about Flybe’s long term future.”
On Thursday Norwich International Airport chief executive Andrew Bell revealed demand for flights for summer holidays had outstripped expectations, and booking for the recently launched Loganair/Flybe routes to Exeter, Isle of Man, Newquay, and Southampton were also performing ahead of expectations.
As a teenager Matthew Newbury had high hopes of working behind the scenes in the theatre.
1 comments
Good Luck to this great Airline,becoming the backbone of the UK
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augustuspablo
Friday, February 10, 2012