Summary
To say trading conditions for Westcountry-based airline Flybe have been turbulent in the past 12 months is perhaps an understatement.
Last year's volcanic ash cloud cost the company nearly Pounds 12 million, followed in December by severe weather that led to the cancellation of 1,980 of the airline's 12,000 monthly flights and cost it at least Pounds 6 million.See the full content of this document
Extract
Louise Thomas Reports
Added to this was higher fuel costs and lower consumer spending, which hit profits in the first half of 2011.
At face value the picture looks bleak for the UK's largest domestic airline - but in fact the year has ended well for Flybe.The company has grown its share of the UK domestic market to 27 per cent and maintained its market leader...See the full content of this document
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