Flybe’s profits under pressure

Flybe stated it would report a profit for the 12 months ended 31-Mar-09, but expects profits to be lower than originally forecast. CEO and Chairman, Jim French, attributed the expected profits to the carrier’s “resilient business model”, which has provided it with flexibility to adjust capacity when required [934 words]

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This report contains the following subheadings:

• Announces it is now UK’s largest domestic carrier
• Continues with London Gatwick expansion plans
• Suspending Belfast services to Isle of Man and Belfast after 10 weeks of operations
•  Signs leasing agreement with Olympic Air
• Launches online shopping programme