17 NOVEMBER 2014
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Exeter-based, and London Stock Exchange listed, Flybe has reported a half-year pre-tax loss for the group of £15.4m for the period compared to profit after tax of £13.6m for the same period last year, impacted by £34.3m of one-offs and revaluations.
Profit before tax for its UK operation was up £2m to £13.7m despite a £6m provision for EU flight delay compensation.
The airline’s 60% share in loss-making Flybe Finland has been sold for a nominal price and becomes effective 1 January 2015.
The half-year results were published just 10 days after the airline introduced an impressive array of new routes from London City (LCY). (BTN 10 November)
In another move Flybe has become a beneficiary of the Aer Lingus US passport control unit at Dublin, Exeter, Inverness, Southend and Southampton airports adding to the list of UK points benefiting from the innovative American access procedure.
Flybe will base two Q400 aircraft at Bournemouth starting in March, flying twice daily services to Glasgow and Manchester and four weekly services to Amsterdam and Paris Charles de Gaulle. Stansted gains twice daily Newcastle services and three times daily to the Isle of Man. Newquay is added for the summer. www.flybe.com
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