Flybe turnaround continues to soar with passenger revenue rise

Lynsey Barber
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Flybe turnaround continues (Source: Flybe)

Flybe has increased passenger revenue per seat by almost 10 per cent as its turnaround continues.

The budget airline which returned to profit this year after losse of £41m in 2013 saw passenger revenue per seat rise to £52.79 while cost per seat in the UK fell almost 2 per cent as cost-cutting measures continue to pay off .

The performance for the beginning of the year is in line with expectations.

Chief executive Saad Hammad said:

"We have launched a number of new routes and products, re-launched our brand and announced a number of exciting strategic developments with new partners. We have achieved a significant amount in the quarter, with substantially more to do in the months ahead."

The airline will is planning 16 new routes for with five of them from London City Airport and a route to Berlin for the first time. It is also considering further routes.