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Flybe Group PLC Issues FY 2013 Guidance

Friday, 19 Apr 2013 02:00am EDT 

Flybe Group PLC announced that for fiscal 2013, it expects revenue to be in line with fiscal 2011/2012, at the lower end of previous guidance range, and underlying Group costs (including fuel) are expected to increase YOY by circa 2.5%, in line with guidance. Underlying loss before tax for fiscal 2012/2013 is therefore expected to be within but at the lower end of previous guidance. Revenue under management (including Flybe Finland, Flybe's joint venture with Finnair) will show YOY growth of c15% due to the increase in contract flying operations. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of GBP632 million, pre-tax profit of GBP(14.57) million for fiscal 2013. 

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