Sponsored by
Flying low: Muted demand keeps Flybe revenues flat
Flybe: confirmed sales had dipped in the last quarter of 2011. Picture: Stephen Mansfield
Airline Flybe yesterday confirmed that muted demand left revenues at its UK business broadly flat in the final quarter of last year, following a warning last month.
Sales in the UK in the three months to the end of December fell 0.3 per cent to £133.7 million, compared with a year ago.
Scots-born chairman and chief executive Jim French said the UK arm was focusing on initiatives to increase revenue per seat, further reduce costs and ensure capacity was closely matched to demand.
Last month, Flybe reduced capacity by 6 per cent on a year earlier and saw passenger revenues per seat improve by 3 per cent as a result.
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.”
DOMINIC JEFF
Email to a friend
Print this page- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers takeover: Duff & Phelps threaten legal action against BBC
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Friday 25 May 2012
Today
Sunny
Temperature: 10 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 9 C to 20 C
Wind Speed: 15 mph
Wind direction: North east
Your view
Please sign in to be able to comment on this story.