12 JUNE 2017

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Article from BTNews 12 JUNE 2017

Flybe moves to counter loss

A reduction in fleet size is being planned by Flybe after the airline reported a pre-tax £19.9m loss for last year. The company however has strengthened its commitment to Scotland with six routes now on sale.

Last year’s loss comes after Flybe embarked on ambitious expansion plans but then faced a reduction in customer demand. Revenue for the year to 31 March increased by 13.4% to £707.4m, but the result was a £19.9m pre-tax deficit, against last year’s £2.7m profit.

Chief executive Christine Ourmières-Widener said the current year was going well and Flybe would begin cutting capacity to return to profit. A new digital platform is also planned after customers criticised the quality of the company website.

Developments in Scotland follow Flybe signing Heads of Terms with Eastern Airways for a new alliance following the decision to end the franchise agreement with Loganair, which concludes in August.

Routes involved are Aberdeen – Sumburgh and Kirkwall, up to three flights a day; Edinburgh and Glasgow – Sumburgh, daily; Glasgow – Stornoway, up to three a day, and Glasgow – Manchester, up to four a day.

www.flybe.com

www.easternairways.com

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