Flybe continues to grow
StockMarketWire.com
Flybe reports a positive start to the year, with sustained passenger and revenue growth, as it continues the next chapter of its transformation.
Flybe says the return to growth delivered in the previous three months has continued in the first quarter with a 12.3% increase in seat capacity to 2.8 million seats (Q1 2014/15: 2.5 million seats) and a 9.8% growth in passenger numbers to 2.1 million (Q1 2014/15: 1.9 million passengers).
Passenger revenues rose by 11.6% to £147.7m.
Chief executive Saad Hammad said: "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. 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."
At 8:03am: (LON:FLYB) FlyBe share price was +2.63p at 73.63p