Flybe Group PLC provides operating results for the second quarter and first half of fiscal 2019. For the period, load factors were up year-on-year by 7.2 percentage points to 86.6%, a record load factor for the Summer season. Passenger revenue per seat was up 6.8% as capacity reduced by 10.0%.

For the first half as a whole, the load factor increased by 8.0 percentage points to 84.0%, with passenger revenue per seat estimated to be up 8%.

Excluding the E195 provision impact, the adjusted profit before tax for first half is expected to be similar to last year (2017/18: £9.4 million).

For the full year, it is now estimated that the full year adjusted loss before tax will be of the order of £12 million (2017/18: loss of £19.2 million), including the benefit of a c. £10 million onerous lease provision release. This includes an estimated £29 million of adverse year-on-year impact from weaker sterling, fuel and carbon prices.