Flybe Group PLC Reports Operating and Revenue Results for the First Quarter Ended June 30, 2016; Provides Operational Guidance for the Second Quarter of Fiscal Year 2017
For the quarter, the company reported passenger revenue of £155.8 million against £148.4 million a year ago. Total UK revenue was £166.5 million against £153.1 million a year ago.
For the second quarter, the company expects 14% increase in seat capacity against prior year. The company expects 1% increase in passenger revenue against prior year. 48% of seats sold against 51% in the prior year. The company expects 5% increase in yield against prior year. The company expects 11% decrease in revenue per seat against prior year.