Flybe aims for profit, warns of bookings fall

“Demand just seems too weak on routes they fly”: analyst
Although it is nearing the end of a turnaround plan and is on track for a profitable year, regional carrier Flybe has reported a fall in bookings for the coming months.
The UK-based airline, which has worked closely in the past with SAS and Finnair, is aiming for a pre-tax profit of GBP3 million (€3.7 million) for the 12 months ending March 31, compared to a GBP25 million loss last year.
Airline industry analyst Robin Byde: “I think they’ve done very well on restructuring capacity and fleet, but demand still just seems to be too weak on the routes that they fly”.
He added that a number of investors have “decided that trading is not going to get significantly better any time soon and it’s time to sell”.
Flybe says that 21% of its capacity has been sold for the six months ending September 30, which is 3 percentage points behind the previous year. Around half of Flybe’s passengers fly for business. It also says the strengthening US dollar will cost it millions as it pays for fuel in dollars.
Reuters

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