UK-based regional airline Flybe has warned it will take a £2.5 million ($3.3 million) full-year profit hit because of currency fluctuations following the UK’s decision to exit (Brexit) the European Union (EU). “Although Flybe has hedged 90% of its USD and fuel requirements for this financial year, the impact of a stronger USD since the EU referendum vote will have a negative impact of £2.5 million on full-year profit, if rates remain at current levels,” Flybe ...

Subscribe to Access this Entire Article

"Flybe issues profit warning on Brexit uncertainty" 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?

Already registered? here.