Flybe financial results
Financial Times 27 February 2006
Flybe flies into loss
By Kevin Done, Aerospace Correspondent
Published: February 27 2007 16:56 | Last updated: February 27 2007 16:56
Flybe, the privately owned UK regional airline, fell sharply into loss last year as a result of the rapid expansion of its route network, write-downs on the value of some of its oldest aircraft and a big rise in fuel costs.
The group also incurred £1.6m in costs for its deferred initial public offering, which the group was forced to postpone last year as it embarked on the takeover of BA Connect, British Airways’ loss-making UK regional operations.