Flybe Group PLC reported interim management statement for the period to 7 August 2013, incorporating its performance in the first quarter ended 30 June 2013. Revenue under management up 18.5% to £229.0 million due to increased contract flying activity in Flybe Finland, Flybe's joint venture with Finnair against £193.3 million for the same period in the last year. Group revenue increased by 0.7% to £164.2 million against £163.0 million for the same period in the last year. Total cash at 30 June 2013 was £54.6 million against £59.8 million for the same period a year ago, of which £23.6 million was free cash. Scheduled seats were 3.23 million against 3.35 million for the same period in the last year. Passengers were 2.10 million against 2.03 million for the same period in the last year.

The Board continues to anticipate challenging market conditions and that group revenues will be broadly flat year-on-year.  The group will maintain its focus on lowering its cost base and is on target to deliver savings of circa £40 million in the current financial year, partially offset by expected headwinds such as an adverse USD exchange rate versus fiscal 2013.  The Board therefore believes that it remains on track to deliver results in line with its expectations for the fiscal 2014 year.