Airline’s share price nose dives after profit warning
European airline Flybe has warned shareholders that high maintenance costs on its fleet of aircraft has seen it incur higher than expected costs in the first half.
Battered by the storm force winds of Hurricane Ophelia on Monday, the airline faced economic headwinds today as its share price nosedived on news of the announcement.
Shares were down more than 15% at one point as investors reacted nervously to the announcement.
Flybe, the largest airline in terms of passenger volumes at Birmingham Airport, said the higher costs re... 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...
