UK-based regional carrier Flybe reported a net deficit of £26.7 million ($8.8 million) for the 2016-17 financial year, reversed from a net profit of £6.8 million for the previous year. Revenue for the period was up 13.4% year-over-year (YOY) at £707.4 million. Load factor dropped 3 points YOY to 69.6%, following a 12.3% rise in capacity to 12.7 million seats. Flybe added that passenger yield was stable at £70.20. There was a 2% increase in cost per seat, to ...

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