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Flybe pre-tax profit
September 20th, 2010 by elisa

Flybe has announced a pre-tax profit of almost £7million and has a plan to expand further into Europe this year.

The airline made £6.8million in the financial year to the end of March. The chairman of Flybe, Jim French claimed it to be one of the only three major European carriers to make a profit over the recession.

The airline carried fewer passengers than in 2008/09 but the profits were aided by the sale of ancillary items, which rose 15.9% to an average of £11.98 per passenger. The airline cut its debts down from £49.8m to £21m during the year.

Flybe  also said the codeshare agreement signed with Air France and ongoing discussions with Finnair to give Flybe greater access to the Scandinavian market alongside an order for up to 140 new Embraer E-series aircraft will aid to  ‘accelerate the roll-out of the Flybe proposition into continental Europe’.

French said: “While the global economic outlook remains unclear, we remain optimistic that Flybe will continue to make strong progress during 2010/11, especially as a result of our recent deals with Air France and Embraer.”


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