Flybe announces half-year results

Flybe has released its half-year results - with a rise in revenue but a drop in profits.

The airline, which flies from Ronaldsway to Birmingham, Liverpool, Gatwick and Manchester, says high passenger volumes help drive up its earnings.

It saw a 12.8 per cent increase in revenue to £383 million, but said challenging market taxes hit its profits - which fell £5.2 million to of £15.9 million.

And Flybe says it remains the top UK airline for punctuality - with 81.7 per cent of its flights arriving within 15 minutes of schedule.