Flybe warns of deeper annual losses

Victoria
By Victoria April 19, 2013 13:59

Flybe warns of deeper annual losses

Flybe has warned investors that both its annual losses and revenue would be at the lower end of previous forecasts, with costs are expected to be 2.5% higher. Analysts are expecting losses of £23 million for the year to March.
The UK regional airlines stated however that Flybe said forward ticket sales for the UK summer season are 2% ahead of last year and it had £54.4 million of cash on its balance sheet as of March 31. Shares in the airline slipped by 0.3p to 41.8p. See the new issue of Airline Economics to see why Flybe is having so many problems.

Victoria
By Victoria April 19, 2013 13:59
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