Flybe’s revenue rises as it continues to reduce capacity

posted on 27th July 2018 by Justin Burns
Flybe’s revenue rises as it continues to reduce capacity

Flybe Group’s revenue increased by 1.2 per cent in the first quarter (Q1) of 2018 to £191 million for the period.

The regional carrier’s passenger numbers also grew in Q1 compared to the same quarter last year as it welcomed 2.5 million passengers in the three months to 30 June, up 100,000 from the same period last year.

Flybe’s numbers came despite it reducing its capacity as it looks to cut costs and improve profitability and number of seats it had available in Q1 was 3.4 million, 300,000 less than Q1 in 2017.

The load factor came in at a record of 81.1 per cent, an increase of 8.8 percentage points on Q1 last year.

Flybe chief executive, Christine Ourmières-Widener the improvement in revenue per seat continues to show the success of the commercial strategy.

He added the year had “started well” and the regional carrier was “on track” and looking forward to “further progress” towards sustainable profitability.