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

x

Check Also

Emirates, Ryanair, Flybe, Austrian, Virgin, British Airways, easyjet, American Airlines, airlines, load factor, PLF, fullest, planes, aircraft, environment, business, profit

Airlines with best and worst load factor

Flying planes full makes airlines far more profitable, and it’s better for the environment.

Star Alliance, airlines, digital, technology, share, data, members, mobile, app, website, seat, book, interoperability

Star Alliance improves digital inter-usability

The alliance creates a digital services platform for customers using more than one member airline.

sas, results, traffic, passengers, January, 2018, capacity, stats

SAS load factor falls dramatically

Scandinavian carrier reports a fall in January in both passenger numbers and load factor.

Widerøe, Oslo, Billund, Bergen, strategy, aviation, Embaer, E2, E190, launch, flights, jet, Finnair, SAS, routes, Norway, Tromso, Bodo

Big moves ahead for Widerøe

One small step for the market, one giant step for Widerøe, Norway’s 84-year-old regional airline, as it steps into the jet era in April 2018.

SAS, Go Light, baggage, luggage, Norwegian, check-in, pay, flex, fare, change, seat

New fees at Norwegian and SAS

Adjustments this year at both SAS and Norwegian mean some passengers will have to pay a bit more.

Magnetic MRO, Tallinn, Estonia, SAS, maintenance, Airbus, A320neo, engineering, outsourcing, Sergei Shkolnik, licence, MRO

New SAS planes to be inspected in Estonia

SAS signs up Magnetic MRO for the maintenance of its new Airbus A320neo.