Silverjet Passenger Numbers On The Increase

The airline Silverjet has managed to achieve load factors that are of record numbers which total 65%.

Silverjet are a 100% business airline and run a daily flight to Dubai as well as a twice daily flight from Luton to New York. In March the monthly revenue was the highest it has ever been with 10,885 revenue seats sold.

Chief Executive Lawrence Hunt, the chief executive of Silverjet said "Whilst the economic climate is very challenging for all airlines, Silverjet's fares at up to 50% discount to legacy airlines business class fares are attracting an increasing number of corporate customers. Although Silverjet didn't generate an operating profit and was not cash generative in March, excluding the discontinued Flyjet operations it did record both the largest ever gross profit and the smallest operating loss since we started flying multiple aircraft, despite a further material increase in our fuel costs. This is sold progress towards our objective of becoming profitable as quickly as possible in a difficult market."

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Published by: Jon Vickery