24 OCTOBER 2011
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London Stock Exchange (LSE) listed Flybe will offer 141 routes next summer with up to 2,938 flights a week including the two new summer routes previously announced from Manchester to Knock in Western Ireland and Newquay in Cornwall. Details of the airline’s summer services to regional France from its Exeter headquarters will be announced over the next few weeks.
The airline’s share price is currently around 72p, well down from its LSE opening at 295p, but still above the 63p it plummeted to in September following Chairman and Chief Executive Jim French’s downward profit revision from £36m to £24m.
In 2010 the Flybe fleet of 53 Bombardier Q400, the world’s largest, and 14 Embraer E-195, carried 6.7m passengers, a rise of just 0.4% with a load factor of 61%, also very slightly up. The airline is 15% owned by British Airways and also has a franchise agreement with Loganair in Scotland, that airline’s aircraft operating in a Flybe colour scheme. The airline recently announced a partnership with Finnair to operate Flybe Nordic which is presently being consummated. www.flybe.com
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