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Profits soar for fuel-efficient Flybe airline
Regional airline Flybe today shrugged off the misery gripping the sector with a 14 per cent rise in first-quarter profits.
Despite "undoubted challenges", the carrier said it had performed strongly as its fuel-efficient fleet and hedging strategy protected it from surging oil prices.
A lower dependence on leisure travel - with 80 per cent of its capacity aimed at business and regular travellers - also helped to insulate the business, Flybe said.
The carrier, which flew more than seven million passengers last year from airports including Leeds Bradford International and Robin Hood Doncaster Sheffield, increased pre-tax profits 14% to 12.2 million in the three months to June 30.
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Weather for Yorkshire
Thursday 24 May 2012
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Temperature: 10 C to 25 C
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