Flybe posts rise in pre-tax profit
Northern Ireland's biggest airline Flybe reported half yearly pre-tax profit of £14.3m, up from £8.2m the same time a year earlier.
Northern Ireland's biggest airline Flybe reported half yearly pre-tax profit of £14.3m, up from £8.2m the same time a year earlier.
Revenue for six months ended 30 September rose to £341.6m from £321m the year before. Operating profit grew to £16.2m from £14.8m in 2010.
Passenger numbers increased by 5% across the group while revenue per seat also increased.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Flybe said it remains confident for its the long-term future.
Forward ticket sales revenue for winter 2011/12 is currently down 1% year-on-year, while its capacity management programme means seats flown will be down by 6% against the previous year.
However Flybe cautioned that UK trading conditions remain challenging.
"In terms of the business as a whole, through a focus on costs and capacity management, we continue to mitigate the impact of the economic slowdown in the UK; our UK to Europe sales are holding up well," said chairman and chief executive officer Jim French.
Total cash at period end £88.4m compared to £41.8m a year earlier.
No dividend payments have been recommended.
--
cj
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Zohran Mamdani, "Trump's worst nightmare", wows New York
Zohran Mamdani, 33, has won the Democratic candidacy to be mayor of New York. That has energised his supporters and enemies alike – and terrified the rich
-
What's behind the big shift in Japanese government bonds?
Rising long-term Japanese government bond yields point to growing nervousness about the future – and not just inflation