Flybe slumped to a £12.2 million pre-tax loss in its latest trading year.
Err, no they didn't! The loss was recorded in the trading year to end of March '06 and included the write down, one off costs of disposing of their 146 fleet including the losses on those aircraft owned and not leased.
The profit/loss figures for the current trading year have yet to be released but expect it to be very good. Given the current size/scope of Flybe I would categorically say that they are no longer in any financial difficulties.
They are now the 3rd largest pilot employer in the country, so I would imagine the job security with them are far better than in many of their competitors!