The airline, which has largely struggled since it went public back in 2010, swung to an annual pre-tax profit of £2.7 million, compared with a loss of £23.6 million last year.
Key to the carrier’s success last year was a 4.2% reduction in cost per seat, which dropped to £52.67. It was also able to increase revenue by 8.7% to £623.8 million.
Over the past couple of years Flybe has sought to remix its fleet by both increasing the amount of owned aircraft and changing to more suitable models.
