UK regional airline Flybe has posted a £6.8 million ($9.9 million) net profit for its full 2015-16 financial year, reversing a £35.7 million prior-year net loss. “We achieved profitability for the first time as a public company, following losses in every year since Flybe’s stock market flotation in 2010,” Flybe CEO Saad Hammad said. “Flybe is now a much more resilient business and well positioned for profitable growth.” Flybe is two years in to its ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.