Volcanic ash weighs on flybe result

flybe, the UK’s largest domestic carrier, reported a full-year net profit of GBP3.8 million, an 82.9% fall on its FY2009/10 result. The result was weighed down by volcanic ash and weather disruptions, which masked an otherwise strong performance at the Exeter-based company. [1049 words]

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This report contains the following subheadings:

• Other metrics up
• Ancillary continue to grow
• Weather events responsible for cost blowout
• Shares bounce on bullish outlook

This report contains the following charts and tables:

• flybe revenue, FY2003-FY2011
• flybe passenger numbers, FY2003-FY2011
• flybe’s ancillary revenue per passenger, FY2003-FY2011