Europe’s largest independent regional carrier Flybe has posted an £8 million ($13.4 million) net profit for its full 2013-14 financial year, reversing a £42.2 million prior-year net loss. Flybe CEO Saad Hammad said the improved results marked “the rebirth of Flybe,” following an intense drive to slash costs, increase revenues and rationalize the airline’s fleet and network. He added that Flybe’s new management team has delivered the £47 million ...

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