Avion Group reported a $69 million net loss for the nine months ended July 31 and warned of a "difficult" fiscal fourth quarter, forcing it to lower its forecast for its fiscal year ending Oct. 31. "The fourth quarter will be difficult because of challenging market conditions in the UK due to terrorist threats, delays and an unusually hot summer," the company said. "Additionally, currency changes will result in $10 million reduction in EBITDA than forecasted initially. The results for the ...
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