Flybe ‘Re-energized’ by New Fitness Regime
Although Flybe has managed to defer delivery of several Embraer E175s on order, plans call for the 76-seat jets to replace most of the airline’s Bombardier Q400 turboprops.  (Photo: Flybe)
Although Flybe has managed to defer delivery of several Embraer E175s on order, plans call for the 76-seat jets to replace most of the airline’s Bombardier Q400 turboprops. (Photo: Flybe)

Six months after promising a thorough overhaul of its business and having suffered the “most challenging” period in the 10 years since its re-branding from the former British European Airlines, UK regional Flybe reports a “re-energized commercial performance.” In the 12 months leading to March 31, the airline saw losses grow more than five-fold, to £40.7 million ($62 million), driven by increased fuel charges, passenger taxes–which accounted for around 18 percent of its UK-generated ticket revenue–and the costs of restructuring, including the elimination of 490 jobs.