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Flybe issues profit warning on currency and fuel costs
Budget airline Flybe has issued a profit warning, blaming weak demand, a weaker pound and higher fuel prices.
It now estimates a full-year loss of £12m - much more than the £3.5m loss that experts had been expecting.
The airline said that it earned 6.8% more passenger revenue per seat and had improved its efficiency in filling flights to popular locations.
"Stronger cost discipline is starting to have a positive impact across the business, but we aim to do more in the coming months, particularly against the headwinds of currency and fuel costs," said Flybe's chief executive Christine Ourmières-Widener.
"We continue to strengthen the underlying business and remain confident that our strategy will improve performance."
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