Southampton air giants Flybe is celebrating posting its first profits in four years

Airline posts first profits in four years

Flybe Plane

Saad Hammad - Chief Executive of Flybe

First published in Hampshire Business
Last updated
Andover Advertiser: Photograph of the Author by , Health Reporter

FLYBE celebrated its first profit in four years today after a boost in passenger numbers the regional airline boosted passenger numbers and benefited from a turnaround drive.

The business, which serves Southampton Airport along with 34 others in the UK, reduced its number of bases from 13 to seven in the last year, posting bottom-line profits of £8.1 million in the year to March 31.

Chief executive Saad Hammad said the figures marked the ''rebirth of Flybe'' after a restructuring that has seen 1,100 jobs cut and a 1.4 per cent reduction in capacity as it moves to shed loss-making routes.

It carried a record 7.7 million passengers on its UK scheduled services in the period, a rise of 6.9 per cent as it benefited from fare promotions and better routes.

The airline recently announced five new routes from London City airport and a complete relaunch of the Flybe brand but some further job losses are still likely after this summer as seasonal routes are discontinued and aircraft grounded.

However, the airline added: ''We believe that we are now on the verge of emerging from this period of retrenchment, and looking forward to future considered and careful profitable growth.''

The group also has regional bases in Belfast, Birmingham, Edinburgh, Exeter, Glasgow and Manchester.

It also has a white label business with Finland's Finnair, where it flies planes under the Finnish airline's livery and which posted a profit before tax of £6.3 million, compared with £4.6 million a year ago.

The group said it is in discussions with other major carriers about expanding its white label joint ventures.

Comments (7)

Please log in to enable comment sorting

12:10pm Wed 11 Jun 14

Micle1974 says...

Maybe they should try and compete with bournemouth airport???
Lots of people I know seem to fly from bournemouth when going on HOLIDAY
Maybe they should try and compete with bournemouth airport??? Lots of people I know seem to fly from bournemouth when going on HOLIDAY Micle1974
  • Score: 5

12:15pm Wed 11 Jun 14

Woolston ollie says...

Ryanair is a darn sight cheaper than Flybe even with the add ons
Ryanair is a darn sight cheaper than Flybe even with the add ons Woolston ollie
  • Score: 1

1:51pm Wed 11 Jun 14

elvisimo says...

Woolston ollie wrote:
Ryanair is a darn sight cheaper than Flybe even with the add ons
Flybe don't try to be the cheapest - their planes are much smaller from southampton so would never stack economically. They are good to fly with though. No queues and decent planes.
[quote][p][bold]Woolston ollie[/bold] wrote: Ryanair is a darn sight cheaper than Flybe even with the add ons[/p][/quote]Flybe don't try to be the cheapest - their planes are much smaller from southampton so would never stack economically. They are good to fly with though. No queues and decent planes. elvisimo
  • Score: 5

2:44pm Wed 11 Jun 14

OSPREYSAINT says...

Micle1974 wrote:
Maybe they should try and compete with bournemouth airport???
Lots of people I know seem to fly from bournemouth when going on HOLIDAY
That is down to the longer runway available for the aircraft required to fly the routes, not the quality of the Airport, which isn't that special, particularly their parking arrangements.
[quote][p][bold]Micle1974[/bold] wrote: Maybe they should try and compete with bournemouth airport??? Lots of people I know seem to fly from bournemouth when going on HOLIDAY[/p][/quote]That is down to the longer runway available for the aircraft required to fly the routes, not the quality of the Airport, which isn't that special, particularly their parking arrangements. OSPREYSAINT
  • Score: 2

6:08pm Wed 11 Jun 14

100%HANTSBOY says...

Is it true that Flybe (Southampton)will be concentrating on business travellers, rather than holiday makers, as from next year?
Is it true that Flybe (Southampton)will be concentrating on business travellers, rather than holiday makers, as from next year? 100%HANTSBOY
  • Score: 0

7:28pm Wed 11 Jun 14

SnoopyT says...

100%HANTSBOY wrote:
Is it true that Flybe (Southampton)will be concentrating on business travellers, rather than holiday makers, as from next year?
Unfortunately yes. The Summer Sun routes were due to be pulled at the end of September according to their timetables, but the booking system is showing that the flights don't end until Oct/Nov 2014.
[quote][p][bold]100%HANTSBOY[/bold] wrote: Is it true that Flybe (Southampton)will be concentrating on business travellers, rather than holiday makers, as from next year?[/p][/quote]Unfortunately yes. The Summer Sun routes were due to be pulled at the end of September according to their timetables, but the booking system is showing that the flights don't end until Oct/Nov 2014. SnoopyT
  • Score: 1

10:57pm Wed 11 Jun 14

100%HANTSBOY says...

SnoopyT wrote:
100%HANTSBOY wrote:
Is it true that Flybe (Southampton)will be concentrating on business travellers, rather than holiday makers, as from next year?
Unfortunately yes. The Summer Sun routes were due to be pulled at the end of September according to their timetables, but the booking system is showing that the flights don't end until Oct/Nov 2014.
Thanks for that
[quote][p][bold]SnoopyT[/bold] wrote: [quote][p][bold]100%HANTSBOY[/bold] wrote: Is it true that Flybe (Southampton)will be concentrating on business travellers, rather than holiday makers, as from next year?[/p][/quote]Unfortunately yes. The Summer Sun routes were due to be pulled at the end of September according to their timetables, but the booking system is showing that the flights don't end until Oct/Nov 2014.[/p][/quote]Thanks for that 100%HANTSBOY
  • Score: 0

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree