Birmingham-based regional airline Flybe posted third quarter trading figures in line with management expectations, after
海角视频 airline total revenue rose slightly by 0.4 per cent to 拢137.6 million. Revenue per seat was up 2.3 per cent to 拢48.46 per passenger, while costs per seat 鈥 excluding fuel and restructuring costs 鈥 were down 5.2 per cent to 拢41.46 per passenger. Revenue created by its Finland-based services increased by 23.7 per cent.
Flybe recently announced a range of new destinations and expansion from Birmingham, and its turnaround is now accelerating, according to the statement.
Management set targets to deliver underlying benefits of 拢7 million in 2013/14 and 拢26 million next year, with around 500 proposed redundancies and estimated one-off and grounded aircraft costs of 拢14 million this year plus a further 拢27 million in 2014/15. It is now anticipated that job losses will total around 450, and work is continuing to reduce operational costs.
The board said it believed these actions were essential to provide a sustainable cost base and a platform to grow the business in the future.
Chief executive Saad Hammad said: 鈥淲e are on track to deliver 拢40 million of annual cost savings from Phases 1 and 2 of the Turnaround Plan. The transformation of our cost base is being successfully delivered thanks to the hard work and determination of our people and with the support of all stakeholders.
鈥淭aking decisive action gives us a strong platform to implement our strategy, achieve profitable growth and build sustainable value for our shareholders.鈥
