Flybe warns on profits as tough Q4 impacts performance
European airline Flybe has been forced into cost cuts and make reductions in capacity as weak markets impact performance during its final quarter.
In a Q4 update, the airline, which is the largest carrier by volume at both Birmingham and Manchester airports, said the actions had helped to prop up passenger revenues although adjusted pre-tax profit is likely to show a small loss.
For Q4 as a whole, it said: “The period has been characterised by weak demand in an uncertain consumer environment, together with price competition ar... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...