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Flybe performance in Mar-2012 'in line with management expectations'

11-Apr-2012 11:56 AM

Flybe stated (10-Apr-2012) performance for the three months ended 31-Mar-2012 has been "in line with management expectations". The carrier, forecast to announce a loss result upon the release of its full-year results on 11-Jun-2012, stated "although market conditions remain challenging, we have a robust and flexible business model combined with clear and achievable growth plans. We remain confident about Flybe's long term future". The carrier, in its trading update, provided the following details of its operations: 

  • Flybe UK: Continues to focus on a number of initiatives to increase revenue per seat, further reduce costs and ensure capacity is optimally matched to demand. The carrier announced a contract flying agreement with Brussels Airlines on 08-Mar-2012 to provide two Bombardier Q400 aircraft. More details on revenue and cost initiatives will be provided in Jun-2012;
  • Flybe Finland: The carrier's JV with Finnair, continues the expansion of its scheduled services, including routes into Sweden and Denmark, as part of the plan to develop the business into the 'leading regional carrier in Northern Europe';
  • Aviation Support division: The MRO business has seen "increased demand" for third party aircraft maintenance from European regional airlines and the Training Academy will benefit from the recently commissioned second flight simulator. [more - original PR]