Flybe issues profit warning

Victoria
By Victoria October 6, 2011 14:11

Flybe issues profit warning

Flybe has issued a profit warning after announcing that revenue for the six months to September 30 was 1% below management’s expectations, although costs were in line with forecasts. A significant slowdown in sales across its domestic network, particularly in September contributed to the revenue shortfall.

Shares in the regional airline fell 36% when it announced its expectations for lower full-year profit due to reduced demand for UK domestic flights.

Victoria
By Victoria October 6, 2011 14:11
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