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Posts tagged to Flybe

Flybe Group: Another profit warning issued amidst a chaotic industry


On 18th October 2017, Flybe Group Plc issued a profit warning, the second one following an earlier warning in March. The company warned that profits for the first half of 2017/2018 are expected to be in the region of £5m-£10m ($6.8m-$13.5m), down from adjusted profit before tax of £15.9m ($21.5m) for the same period last year. This follows an announcement in March in which the company revised its profit expectations to a loss for year-end March 2017, rather than the earlier anticipated small profit that had previously been announced. While… Read more