For the year to March Flybe made a profit of £7 million on slightly fewer passengers but with better sales of ancillary products which rose by 16% to an average of £11.98 per customer. This figure was almost half the previous year profit of £12.8 million but included a £5.7million write down for restructuring costs.
The company believes they are one of only three European airlines to be making a profit during the recession which started as far back as December 2007. Buoyed by these figures they will be looking for further expansion in Europe with more code share agreements opening up new markets.
In July, they signed up with Air France and are looking to do the same with Finnair to move into Scandinavia as well as expanding their existing fleet. Figures for the first 5 months of this year are up on 2009 but the impact of the ash cloud will put a major dent into this performance.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment