Flybe reports sustained growth in Q1
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Flybe has released its first quarter results, which show sustained passenger and revenue growth.
Highlights of the quarter include a 12.3% increase in seat capacity to 2.8m seats (Q1 2014/15: 2.5m seats); 9.8% growth in passenger numbers to 2.1 million (Q1 2014/15: 1.9m passengers); and an 11.6% growth in passenger revenue to £147.7m (Q1 2014/15: £132.3m).
The airline also reported a 0.7% improvement in passenger yield to £70.33 (Q1 2014/15: £69.81); 1.7ppts decrease in load factor to 74.1% (Q1 2014/15: 75.8%); and a 1.6% decrease in revenue per seat to £52.12 (Q1 2014/15: £52.94).
“As we enter the next phase of our transformation, Flybe has again delivered revenue and passenger growth in the quarter, demonstrating the strength of our core business,” said Saad Hammad, flybe chief executive officer. “We carried significantly more customers than the same time last year and maintained our industry-leading punctuality levels. We remain focused on tackling the surplus E195 aircraft, our final legacy issue, and are actively pursuing a range of solutions.”
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