Flybe UK pax revenue down 4% in 3QFY2015

Flybe reported (26-Jan-2015) a 3.8% year-on-year decline in passenger revenue for its UK operations to GBP126.8 million in the three months ended 31-Dec-2014. Passenger revenue per seat increased 2.4% to GBP50.23. Passenger load factor improved by 5.5 ppts to 74.3%, driven by a 5.2% decline in passenger yield to GBP67.65. Looking ahead, the group expects its 4QFY2015 UK seat capacity to increase by 14% to 2.6 million seats, with 36% of seats sold as at 20-Jan-2015, compared to 34% in 4QFY2014. [more - original PR]