Belfast Telegraph

Flybe increases capacity and is on course to break even

By Roger Baird

Flybe has been cheered by improved summer demand despite the regional airline's failure to make a profit in its most recent financial year.

The carrier - which flies into 16 destinations from Belfast - warned in January that it would only break even in the year to March 31, compared with earlier City forecasts.

Exeter-based Flybe reiterated that break-even target but also said it had been encouraged by recent trading after a 9% rise in UK passenger revenues compared with a year earlier.

It has increased capacity by 13% with the launch of new routes for this summer, including nine from its new base in Bournemouth and three domestic routes from London Stansted.

And it recently added another daily flight from Belfast City Airport to London City.

Shares rose by more than 2% as the company said that 31% of capacity has been sold for this summer. The airline has cut more than 1,000 jobs and unprofitable routes in the last year.

Belfast Telegraph