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
-
-
Act now: First Direct’s £175 switching bonus ending soon
First Direct has launched a £12,500 prize draw on top of its £175 cash bonus - but they both finish soon, so you’ll need to be quick
-
Credit card providers slash 0% balance transfer deals
Customers face a double whammy of rising interest rates and shorter 0% balance transfer periods. We look at what’s going on in the credit card market and why you’ll need to act fast to get the top 0% balance transfer deal
