Paris terror attacks hit Flybe bookings

Tuesday, 28 Jan, 2016 0

The Paris terror attacks in November ‘overshadowed’ Flybe’s last quarter financial performance, according to its trading statement today.

CEO Saad Hammad said the tragic events caused a ‘significant hiatus in airline bookings, not just to France, but also on UK domestic and near-continent travel’.

"As we expected, the combination of higher capacity in the market and lower spot fuel prices have led to lower yields sector-wide, even as the benefits start to come through from the unwinding of fuel price hedging," he said.

"In this uncertain environment, we decided to protect yields rather than to chase unprofitable marginal revenue."

Hammad added: "Passenger demand is now slowly recovering and reflecting a later booking profile."

The update, for the three-month period from October 1 to December 31, reported a 10.1% increase in seat capacity to 2.8 million seats.

Passenger volumes rose 2.1% to 1.92 million and passenger revenue grew 3.6% to £128.9 million, and there was a 1.2% improvement in passenger yield to £67.66.

But load factor dropped 5.4 percentage points to 68.9% and passenger revenue per seat fell 6.1% to £46.61.

below social share icons

Bev

Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.

WANDERERS WELCOME to MISSISSIPPI Mississippi is a state for all those who are wanderers at heart. From lush, forested Appalachian foothills to...

Destination British Columbia (Destination BC) is a Provincially funded, industry-led Crown corporation that supports a strong and competitive future for BC’s...

The Mexico Tourism Board serves as the driving force behind Mexico’s global appeal, orchestrating targeted marketing campaigns to showcase the...

Discover Punta Gorda/Englewood Beach, also known as the Charlotte Harbor Gulf Island Coast. This natural wonderland is nestled in the...

ITB Asia, Asia’s Leading Travel Trade Show, is an annually held B2B trade show and convention for the travel industry; it is designed...

Discover Sarawak Revealing a side of Asia unlike anywhere else, Sarawak offers an alternative for those seeking humble authenticity far...

ABOUT THE PHILIPPINES Mabuhay! Welcome to our archipelago of 7,641 islands where there are endless beaches, lively and fashionable cities,...

We make travel accessible for everyone We believe everyone should be free to experience the world. For us, there’s no...

At Wilderness Safaris we believe in creating life-changing journeys and have been doing so for over 39 years. Our purpose...

Queensland – where it’s rude not to stare Here in Queensland, there’s plenty to do. But there’s even more to...

Jet2.com is the UK’s third largest airline, flying from ten UK airports to more than 60 destinations across Europe and beyond....

Holiday Extras is the UK market leader in airport parking, airport hotels, worldwide airport lounges, destination car hire, airport transfers...

Cunard is the operator of luxury cruise ships Queen Mary 2®, Queen Victoria® and Queen Elizabeth®. Renowned for impeccable White...

Offering the most powerful portfolio in the industry, our 30 brands and 8,000+ properties across 139 countries and territories give...

With long periods of Thailand’s History, according to evidences and studies, Sukhothai was the first kingdom of Thailand. At that time, an early Thai...