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Trading statements

Flybe passenger revenues rise as yields improve

26 July 2017 07:40

Flybe's passenger revenue grew by 11.7% in the first quarter to £174.0m with seat capacity growth slowing to 3.5%.

It said both load factor and passenger yield improved, which brought an increase in revenue per seat.

Q1 revenue benefited from a few additional routes including Heathrow, as well as the timing of Easter.

Flybe said: "With greater control over fleet capacity, the concentration on profitable routes is beginning to show through in Flybe's performance."

Highlights: - 3.5% growth in seat capacity to 3.4 million (2016/17: 3.2 million)

- 7.1% increase in passengers to 2.4 million (2016/17: 2.3 million)

- 2.5 ppts improvement in load factor to 72.5% (2016/17: 70.0%)

- 4.3% improvement in passenger yield to £71.33 (2016/17: £68.39)

- 7.9% increase in passenger revenue per seat to £51.73 (2016/17: £47.95)

Story provided by StockMarketWire.com

Related Company: FLYB

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