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Flybe fuel surcharge
May 5th, 2011 by elisa

Flybe has introduced a fuel surcharge of £3 per passenger for bookings made from today for flights on or after 1st September 2011. It promises that it will be removed if the price of Brent crude returns to below $75 per barrel for a consecutive period of 28 days.

“Whilst 45% of Flybe’s passengers fly on business (and this sector has proved very resilient), the slowdown in consumer retail spending in the UK had an impact on discretionary-spend passenger volumes (ie those travelling for leisure or visiting friends and relatives) in February and March 2011,” said a statement.

Flybe estimated that underlying profit before tax and one-off items for the year ending 31st March 2011 will be around £22 million.

“This result is in line with the board’s expectations for the year and represents a strong performance in view of the challenging economic conditions in the final quarter,” it added.

“The market in the UK remains challenging and the group is continuing to focus on improving operating efficiency to increase yields whilst maintaining seat capacity at similar levels to the 2010/2011 year.”

 


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