Flybe, in its 3Q2012 (three months ended 31-Dec-2011) trading update, stated (10-Jan-2012) "conditions in the UK domestic market have continued to deteriorate", with the carrier reporting a 6% decrease in domestic traffic year-on-year. Despite this, the carrier maintained yields year-on-year, with the carrier adding that it "believes current market conditions will force further rationalisation of the European regional and short haul airline market, from which Flybe is well positioned to benefit". Full 3Q2012 financial results will be released on 10-Feb-2012. [more - original PR]
Conditions in UK domestic market continue to deteriorate: Flybe
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Most of the faster growing airline groups in the top 20 are LCCs and the main growth drivers for Europe's big three legacy groups are their LCC subsidiaries. Just outside the top 20 are some fast growing legacy airlines in Eastern Europe, demonstrating the potential there. Nevertheless, unless there is a big merger or acquisition, Ryanair looks set to remain at number one for some time.
Flybe at Heathrow: Europe's largest regional airline enters Europe's largest airport, gets new CEO
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Flybe already operates to the two Scottish cities from London City in competition with British Airways. Its Heathrow turboprop services will compete directly with BA's narrowbody jets, and there is also competition from Ryanair and easyJet from other London airports on the city pairs. Flybe has previously baulked at Heathrow's high charges, but has now changed its mind.
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