In a trading statement, UK airline Flybe has issued a profit warning for its estimated performance for the fourth quarter ending March 31, 2017. The airline said that the period has been “characterised by weak demand in an uncertain consumer environment, together with price competition arising from overcapacity amongst airlines and sharpened price activity from rail operators. Weather related and operational cancellations, as well as industrial action mainly by French air traffic controllers also impacted revenue.” Although Flybe said that it responded to these challenges by taking further action on cost and reducing its capacity by slowing its year-on-year seat

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