Flybe flightpath flat
Feb 10, 2012
Print this article
Flybe reported a slight drop in load factor during the quarter ended on the 31st of December, but saw total revenue under management (RUM) leap by 18.6%.
Load factor fell two percentage points to 59.6%, while RUM rose from £139.6m to £165.5m, on a 6.3% increase in passenger revenue and a 6.6% jump in ticket revenues. The number of seats climbed 9.8% to 3.02m from 2.75m.
The figures for Flybe UK were looking somewhat less cheery, with seats sold down 0.3%, total revenue falling by the same amount and passenger revenue down 0.1% to £130.2m. Costs per seat during the quarter climed 3.7% - excluding fuel this rose by just 1.2%.
Flybe Finland generated total revenues of £25.8m, comprising passenger revenue of £8.3m and other revenue, primarily contract flying for Finnair, of £17.5m.
Jim French, Flybe's Chairman and Chief Executive Officer said: "Flybe UK continues to focus on a number of initiatives to increase revenue per seat, further reduce costs and ensure capacity is optimally matched to demand. The business has grown its market share and maintained its leadership position in the UK regional and domestic markets."
The share price rose 0.78% to 65.00p by 11:55.
NR
Related articles
-
May 25, 2012
-
May 25, 2012
-
May 25, 2012
-
May 25, 2012
FREE - MoneyWeek's daily investment email
Our free daily email, Money Morning, is an informative and enjoyable analysis of what's going on in the markets. Written by our Editor, John Stepek, and guest contributors.
Sign up FREE to Money Morning here.