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 ...

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