Flybe has reported a loss before tax adjusted for the revaluation of USD aircraft loans of £20.5 million for the full year to March 31, 2018, which is in line with market expectations. Revenue increased by 6.4% increase in group revenue to £752.6 million compared to £707.4 million in the prior year. The loss before tax improved to £9.4 million from a restated loss of £48.5 million in FY2016/17. This latest loss includes £11.1 million of non-cash revaluation gains on USD aircraft loans. The adjusted loss before tax increased to £19.2 million, with a 4.3% increase in EBITDAR to £140.0million.

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