Frenchy says..................
Current trading
In July 2012, scheduled seats flown by Flybe UK totalled 1.07 million, a reduction of 2.7% on July 2011. Passenger revenue per seat in July 2012 showed a decrease of 1.8% on July 2011.
Forward ticket sales revenue for Flybe UK for the remainder of the 2012 summer flying programme from August to October currently shows an increase of 0.3% over the same time last year, against scheduled seat capacity down by circa 2%, with yield growth being offset by a reduction in passenger numbers.
Market share of the Flybe brand in the UK regional market (excluding London) in the three months to 30 June 2012 was 51.2% (Q1 2011/12: 51.8%).
As a result of the current revenue outlook, we are targeting further cost saving initiatives through a range of measures, including capacity management and supplier cost reduction.