Silverjet, the business only airline which operates flights between London, New York and Dubai has said it filled 65% of available seats last month and failed to reach a goal of generating its first month of operating profit.
Luton based Silverjet handled 10,885 compared to 8,829 in February. Chief executive Lawrence Hunt said:
"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.”
The carrier was aiming to post its first month of operating profit in March.
