Flybe's UK passenger revenues tumble
Saturday 11 February 2012
More evidence of turbulence in the aviation sector emerged yesterday as Flybe's UK passenger revenues fell in the four months since October.
Europe's biggest regional airline said UK sales were down 0.3 per cent on a year ago to £134m between the final three months of 2011 and yesterday. Last month Flybe issued a profits warning – its third in eight months – thanks to a sharp decline in flier numbers on internal UK flights in the weeks leading up to Christmas.
Investec, the airline's house broker, reacted by slashing its forecasts: it expects Flybe to post an £8.5m loss in the year to April. Before Christmas, it pencilled in a £6.4m profit.
Flybe cut capacity by 6 per cent last January, although the airline did sign a joint venture with Finnair that helped it move into continental Europe and sent overall revenue under management in the period up by about a fifth to £165.5m.
Earlier this week budget airline EasyJet admitted that its passenger numbers had slipped by 100,000 to 3.73 million in January compared with a year earlier.
- 1 Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 5 The enemy within: People who hear voices in their heads are being encouraged to talk back
Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Howard 'Mr Nice' Marks reveals he has inoperable cancer: 'I've had an incredible life'
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
British Muslim school children suffering a backlash of abuse following Paris attacks
iJobs Money & Business
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...