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.


Check Also

Flybe, loss, profit, costs, revenues, year, chief executive,

Flybe cuts loss as passenger stats rise

With a new chief executive in charge, the struggling regional carrier seems to be in turnaround mode.

SAS, Sweden, tax, aviation, airlines, Copenhagen, travel, Hong Kong, route, Stockholm, Arlanda, Cathay Pacific

SAS moves Hong Kong from Stockholm to Copenhagen

SAS says it is moving its route to Hong Kong to the Danish capital, at the expense of Stockholm Arlanda.

SAS, Apollo, tour operator, deal, agreement, holiday, flights, charter, tour operator

SAS and Apollo renew €100mn cooperation

The airline will fly the tour operator’s customers between 20 Nordic locations and 30 destinations in the south.

SAS, champagne, beer, non-alcoholic, Mikkeller, craft, Charles Heidsieck, business class, drinks, beverage

SAS launches new champagne, new beer

Two partnerships mean that a new champagne and a new beer will soon be available only on SAS flights.

Norwegian, fuel, surcharge, price, fare, ticket, raise, increase, routes, flights, SAS

Norwegian raises ticket prices

A flat fuel surcharge is being replaced by ticket price rises depending on the length of the route.

SAS, Apollo, tour operator, deal, agreement, holiday, flights, charter, tour operator

SAS improves results but warns on costs

Continuing cost cuts and capacity adjustments helped SAS to offset the seasonally weak second quarter, but problems remain.