Flybe Group PLC Trading Statement (0305C)
13 October 2015 - 5:00PM
UK Regulatory
TIDMFLYB
RNS Number : 0305C
Flybe Group PLC
13 October 2015
Exeter, UK
13 October 2015
Flybe Group plc ('Flybe' or 'the Group')
FLYBE CONTINUES ITS TURNAROUND WITH FURTHER GROWTH IN BOTH
PASSENGER NUMBERS AND REVENUE
QUARTER 2 2015/16 TRADING
The return to growth delivered in the previous two quarters has
continued in Q2, with double digit increases in seat capacity,
passenger numbers and revenue:
-- 13.8% increase in seat(2) capacity to 3.0m seats (Q2 2014/15: 2.7m seats)
-- 10.7% increase in passenger(1) numbers to 2.4m passengers (Q2 2014/15: 2.1m passengers)
-- c13% increase in passenger revenue(5)
Unit revenue development has been encouraging, given the growth
in seat capacity
-- c2% increase in yield(4)
-- 2.2 ppts decrease in load factor(3) to 78.3% (Q2 2014/15: 80.5%)
-- c1% decrease in revenue per seat
Saad Hammad, Chief Executive Officer, said:
"Flybe's turnaround continues, with our third successive quarter
of revenue, capacity and passenger number growth, against the very
competitive market provided by other airlines and road, rail and
ferry services. In our second year of transformation, Flybe's
performance in its core business is on track. We are also
determined to finish redeploying our surplus Ejet aircraft."
END
Notes:
1. Passengers are people with an issued ticket where the ticket
has charged a fare and/or a passenger surcharge and tax (if
applicable). This includes people who purchase a ticket and do not
show up for the flight where, as is usually the case, the ticket is
non-refundable.
2. Seats represent the number of scheduled seats flown.
3. Load factor is the number of passengers divided by seats
flown.
4. Passenger yield represents passenger revenue per
passenger.
5. Passenger revenue represents total ticket and ancillary
revenue including hard block less refunds (Passenger revenue per
seat represented total ticket and ancillary revenue per seat in
2014/15)
Flybe will announce its half year results on 11 November 2015 as
planned
This information is provided by RNS
The company news service from the London Stock Exchange
END
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