Flybe Group plc Provides Operating Results for the Second Quarter and First Half of Fiscal 2019; Provides Outlook for the First Half and Full Year of Fiscal 2019
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.