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 Jennifer Lawrence scores first UK top 40 single with Hunger Games track 'The Hanging Tree'
- 2 Shia LaBeouf claims he was raped during #IAMSORRY art installation performance
- 3 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
- 4 Scientists predict green energy revolution after incredible new graphene discoveries
- 5 Michael Buerk wishes he killed Jimmy Savile when he had the chance - by pushing him overboard a cruise ship
Obama: The only people with the right to object to immigration are Native Americans
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
David Cameron sets out immigration reforms: We should distrust Ukip and their 'snake-oil of simple solutions'
Ukip mocked after mistaking Westminster Cathedral – for a mosque
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
iJobs Money & Business
Excellent Package: Austen Lloyd: EAST ANGLIA - SENIOR SOLICITOR LEVEL ROLE** -...
£Attractive Package: Citifocus Ltd: Prestigious asset management house seeks a...
£Negotiable: Citifocus Ltd: This is a varied role focusing on the firm's mutua...
£90000 - £140000 per annum + benefits: h2 Recruit Ltd: Are you a high achievin...