Indian Mood :: Travel News :: Flybe expanding amid turmoil

For More Information's & Details 0844 418 5555
Email Sales Enquiry

According to a recent Centre for Asia Pacific Aviation (CAPA) report, Europe's largest regional carrier, Flybe, forecasts record profits in its upcoming full year results, and claims that it will not only survive, but prosper in these difficult times. Mike Rutter, CCO, Flybe said, “The carrier's break-even load factor has fallen and it has a rigorous fuel hedging policy, currently hedged at 76 per cent for the rest of the year. Fuel at current prices makes up 24.6 per cent of the carrier’s cost base.”

Adding further, he said, “While we couldn’t predict the increase in the Aviation Turbine Fuel (ATF) price, we were clear it was going to go up. We were also clear two years ago that consumers’ appetite for visiting places they had never heard of will wane, dented by a weaker economy and by a consumer backlash to the service attitude of some hard-core low cost airlines.”

The bullish statements are part of the carrier’s response to comments made by Ryanair last month, which said that the survival of Flybe and other UK rivals can be threatened by the current harsh operating environment.

On paper, Flybe does appear heavily exposed to an economic downturn in the UK, with almost 87 per cent of the carrier’s capacity dedicated to the UK market.]

Holiday Mood Limited
66 Park Way
Ruislip Middlesex HA48NR
Tel: 0844 418 5555 Fax: 01895 674242
E-mail: sales@holidaymood.co.uk

Partner Sites: www.holidaymood.co.uk www.ozzymood.co.uk www.africanmood.co.uk www.dubaimood.co.uk www.flightsmood.co.uk www.jumeirahbeachdubai.co.uk

The flight bookings we make are ATOL protected by the Civil Aviation Authority, except when tickets for scheduled flights are sent to your within 24 hours of payment being accepted. Our ATOL number is 5934. We also act as agents for other ATOL holders. ATOL protection extends primarily to customers who book and pay in the United Kingdom