Flybe has stated that its third quarter was below expectations and that it is unlikely to make up the shortfall in the final three months. Shares in the UK regional airline fell 21% on the news. Flybe blamed “challenging” market conditions, which it says will continue until at least March. Revenues grew around 20% in the three month period but the UK domestic traveller market, which accounts for 70% of its business, remains under pressure. Jim French, chairman and chief executive, said: “The UK domestic market is clearly challenging. Under such circumstances, notwithstanding the shortfall against our revenue expectations, I

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