Flybe Pilot Recruitment

New set of headwinds set to send Flybe to another full-year loss  

UK media report that the combined £29 million impact from higher fuel costs, a weaker pound and less demand is set to send Flybe spinning to a full-year loss.

The airline’s profit warning yesterday immediately sent its shares down by more than a third to a record low. In a trading update, the Exeter-based Flybe said that it expected to make a full-year, pre-tax loss of £22 million, far more than analysts had forecast.

However, it said that a £10 million gain from the end of an onerous lease means that the overall loss would be closer to £12 million.