Flybe makes £6.2m pre-tax loss
June 13th, 2012 by elisa

Regional carrier Flybe has made a £6.2m pre-tax loss this year, however the 44% decline was described by the airline as “in line with expectations”.

Revenue increased 14% to £678.8m against the 5.8% rise in passenger numbers.

The pre-tax loss is in addition to the £4.3m lost last year, however, the airline remains positive about the future despite a “challenging” business environment.

Chairman and chief executive Jim French said Flybe had a “robust business model and a clear growth strategy”.

He said the airline was continuing to focus on managing costs and capacity to temper the impact of the economic downturn.

“We are pleased with the progress we have made with Flybe Finland, underpinning our European expansion plans and the replication of our UK operations. Meanwhile, our fleet substitution programme, along with a de-risking of the business through a significant increase in contract flying, will have a far reaching beneficial impact on the business and one that will benefit the Group for many years to come,” he said.

“We will continue to invest in the Group”s future ensuring that we maintain our market leading regional position in the UK and, at the same time, seeking to build a similar position across Europe.”



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