Flybe adds to airline fears with ‘very uncertain’ outlook
Flybe has become the latest company to warn of the “very uncertain” outlook for airlines as terror threats and economic uncertainty brought a slow start to its Q2. The carrier reported a “solid start” to the year in the 3 months to June 30, with a 5% increase in revenue to GBP155.8m. However, revenue growth has slowed to only 1% so far in Q2, with revenue per seat falling 11%. Although the company does not expect Britain’s exit from the EU to have a major long-term impact on its business, it said short-term uncertainty in the wake of the vote, combined with terror incidents in Europe, “could have a materially adverse impact.” Saad Hammad, CE, said: The current outlook is very uncertain and we have limited forward visibility due to our late booking profile." <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-28/unaligned/flybe-adds-to-airline-fears-with-2018very-uncertain2019-outlook
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Flybe adds to airline fears with ‘very uncertain’ outlook
Flybe has become the latest company to warn of the “very uncertain” outlook for airlines as terror threats and economic uncertainty brought a slow start to its Q2. The carrier reported a “solid start” to the year in the 3 months to June 30, with a 5% increase in revenue to GBP155.8m. However, revenue growth has slowed to only 1% so far in Q2, with revenue per seat falling 11%. Although the company does not expect Britain’s exit from the EU to have a major long-term impact on its business, it said short-term uncertainty in the wake of the vote, combined with terror incidents in Europe, “could have a materially adverse impact.” Saad Hammad, CE, said: The current outlook is very uncertain and we have limited forward visibility due to our late booking profile." <br/>
