‘Beast from the East’ bites for budget airline Flybe
Flybe warned on its profits Tuesday, blaming the “Beast from the East” UK cold snap for pushing the airline’s revenue down in the first 3 months of the year. The carrier said revenue per seat had risen in recent months, with passenger numbers also rising despite a drop in capacity, but bad weather had dented revenue for Q4 to March 31. Since “extremely poor weather” had struck so late in the financial year, the company said, the resulting losses would be reflected in its full-year results. Flybe said it had been forced to cancel 994 flights in the quarter, compared with 372 in the same period last year, with bad weather in February and March lowering revenue by about GBP4m. Airport closures across the UK and the near continent had “particularly affected Flybe, as all our flying is within this area”, the company said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-04-04/unaligned/2018beast-from-the-east2019-bites-for-budget-airline-flybe
https://portal.staralliance.com/cms/logo.png
‘Beast from the East’ bites for budget airline Flybe
Flybe warned on its profits Tuesday, blaming the “Beast from the East” UK cold snap for pushing the airline’s revenue down in the first 3 months of the year. The carrier said revenue per seat had risen in recent months, with passenger numbers also rising despite a drop in capacity, but bad weather had dented revenue for Q4 to March 31. Since “extremely poor weather” had struck so late in the financial year, the company said, the resulting losses would be reflected in its full-year results. Flybe said it had been forced to cancel 994 flights in the quarter, compared with 372 in the same period last year, with bad weather in February and March lowering revenue by about GBP4m. Airport closures across the UK and the near continent had “particularly affected Flybe, as all our flying is within this area”, the company said. <br/>
