The carrier made £495 million in 2015/16, a fall of 28% on the previous year, so 2016/17 is expected to be around £390 million.
During the latest first quarter, the number of passengers carried increased by 8.2% to 17.4 million, driven by a growth in capacity of 8.6% and load factor decreasing by 0.3 percentage points to 90%.
Total revenue in the quarter increased by 7.2% to £997 million “reflecting the increase in passengers carried through the period”.
Revenue per seat decreased by 8.2% at constant currency or by 1.2% on a reported basis to £51.64 per seat.
