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.
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 Friends 20th anniversary: The highs and lows of the cast's careers since 2004
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Scottish independence: Despite defeat history may still point to Alex Salmond as the victor
Scottish independence referendum: Frankie Boyle reacts to nation's 'No' vote - 'To be fair, I've always hated Scotland'
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish referendum: Police struggle to control Unionist rally in Glasgow's George Square
Glasgow 'riots': 'Dishonest' social media users accused of fuelling panic with pictures from London riots
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...