UK-based regional carrier Flybe reported a net loss of £35.7 million ($55 million) for the full year ended March 31, down from a profit of £8.25 million in the previous financial year. The airline said this year included £12 million worth of costs relating to discontinuation of its joint venture (JV) operations in Finland. Flybe CEO Saad Hammad said: “We have just completed the first full financial year of our three year transformation plan. Despite a more ...

Subscribe to Access this Entire Article

"Flybe bottom line dragged down by disposal of loss-making Finland JV" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.