Flybe reported pre-tax profit of £12.2 million ($21.5 million) for the fiscal first quarter ended June 30, a 14% rise from the £10.7 million earned in the year-ago period, as revenue increased 13.7% from £136 million to £155 million on an 18% growth in passengers to 2 million.
For the financial year ended March 31, the UK's largest regional carrier, which acquired BA Connect from British Airways in March 2007, reported a net profit of £39.6 million, reversing a loss of £19.9 million in the prior year.
Flybe reported pre-tax profit of £12.2 million ($21.5 million) for the fiscal first quarter ended June 30, a 14% rise from the £10.7 million earned in the year-ago period, as revenue increased 13.7% from £136 million to £155 million on an 18% growth in passengers to 2 million. For the financial year ended March 31, the UK's largest regional carrier, which acquired BA Connect from British Airways in March 2007, reported a net profit of £39.6 million, reversing a loss ...
Subscribe to Access this Entire Article
"Flybe reports strong first-quarter, full-year results" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
