Revenue and Passenger Numbers Of Flybe Increased Despite Seat-Cutting Efforts

    The passenger numbers of Flybe increased to 2.5 million for the first quarter of the year, despite the company starting a drive to cut seat capacity.

    The revenue for the said group was also up by 1.2 percent to £191 million.

    As part of its strategy, 300,000 seats were cut by the airline. It said that it would ramp up during the next quarter with a reduction target amounting to nine percent.

    The load factor measures how full a single aircraft is. As an outcome, it increased to a record 81.3 percent.

    The cost per seat at constant currency, which included fuel, rose to 10.7 percent. The revenue per seat increased by nearly 10 percent to £57, however, the yield per passenger dropped by 2.4 per cent to £70.16.

    The company said that the increase in price per seat would slow down during the course of this year because of the savings from lease and maintenance costs.

    Christine Ourmières-Widener, the CEO of the company, stated: “The improvement in our revenue per seat continues to demonstrate the success of our commercial strategy and the record load factors show that passengers value the benefits of regional connectivity with Flybe. We are working hard on costs, with unit cost growth now starting to slow whilst unit revenue remains strong. Our digital platform once fully rolled out, along with enhancing our operational effectiveness are key to improving our customer proposition at Flybe.”

    She added: “The year has started well. We are on track and looking forward to further progress towards sustainable profitability.”