Flybe CEO hails return to profit with Q2 results

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By admin July 24, 2014 17:03

Flybe CEO hails return to profit with Q2 results

UK regional airline Flybe has reported an increase in passenger revenue by nearly 10% with load factors of 75%, citing its deep restructuring plans during which it dropped loss-making routes, cut capacity by 17.2%, shed 1,100 jobs and disposed of surplus fleet.

The airline has returned to profit for the first time in four years, by recording a pre-tax profit of £8.1 million.

Chief executive Saad Hammad said: “We have achieved a significant amount in the quarter, with substantially more to do in the months ahead.”

admin
By admin July 24, 2014 17:03
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