Ever popular British Regional carrier Flybe posted a pre-tax profit of £8.2m, with results improving over the previous year.
The airline has reduced its fleet and improved its serviceability, and plans to improve still further. It’s Heathrow routes are proving to be highly successful.
Yet despite it all, the very bottom line – something they don’t have to display in account terms, is that they made a profit of just £1.61 per passenger.
That will improve as the year progresses, but at best it will double.
If this was any retail business it would be in serious trouble, but airlines work differently – the point however is that it’s making a profit – and that’s a good thing, after years of upheaval and losses