UK regional carrier Flybe’s first-quarter revenue has fallen 11.9% as the airline continues to press ahead with restructuring. During the first quarter ended June 30, Flybe generated £144.6 million ($246.8 million) in group revenue, down from £164.2 million in the prior-year period. Flybe CEO Saad Hammad described the performance as “in line with management expectations” and said the business is being prepared for future growth. Over the three-month period, ...

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