Financial highlights
8.7% increase in group revenue to £623.8m (£574.1m in 2014/15)
4.2% reduction in cost per seat to £52.67 (including fuel, at constant currency)
£5.5m adjusted profit before tax (£25.4m loss in 2014/15)2
£6.8m reported profit after tax (£35.7m loss in 2014/15)
Strong balance sheet with net funds of £62.2m and total cash of £171.4m, after the purchase of three Q400 aircraft, previously on operating leases, for a cash consideration of £24.4m
This performance was delivered despite the adverse bookings impact experienced from the tragic events in Paris in November and in Brussels in March, the absorption of c£20m of cost relating to the E195 jets, and pressure on yields from industry-wide capacity growth acceleration and lower fuel costs.
