13-Aug-2012 2:16 PM

Flybe revenue up 20% in 1QFY2013

Flybe revenue up 25% - financial highlights for three months ended 30-Jun-2012:

  • Revenue: GBP193.2 million, +20.4% year-on-year;
    • Flybe UK: GBP156.4 million, +0.7%;
    • Flybe Europe: GBP30.2 million,
    • Ancillary: GBP700,000;
  • Passenger numbers: 2.0 million, +2.8%;
    • Flybe UK: 1.9 million, -3.0%;
    • Flybe Europe: 110,000;
  • Load factor: 60.9%, -2.2 ppts;
    • Flybe UK: 62.4%, -0.7 ppt;
    • Flybe Europe: 43.6%;
  • Passenger revenue per seat:
    • Flybe UK: GBP47.99, +0.4%;
    • Flybe Europe: GBP35.66;
  • Passenger yield:

Flybe: "2012/13 is proving to be another very challenging year in the European regional aviation sector with continued weak consumer markets and stubbornly high oil prices. After four years of consecutive decline, the UK domestic air market had shown signs of stabilising this year although June slipped back into 3% year on year decline. Whilst the UK to European leisure routes performed well in Q1, the UK to European business market has shown signs of weakness in recent months, leading to today's revised trading outlook. We remain cautious over the outlook and do not expect a material recovery in either consumer or business confidence in the short term. We therefore remain focused on executing our comprehensive action plan to both grow the business whilst mitigating cost pressures," Jim French, chairman and CEO. Source: Company statement, 10-Aug-2012.

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