Flybe ‘Re-energized’ by New Fitness Regime

Six months after promising a thorough overhaul of its business and having suffered the “most challenging” period in the 10 years since its re-branding from the former British European Airlines, UKregional Flybe reports a “re-energized commercial performance.” In the 12 months leading to March 31, the airline saw losses grow more than five-fold, to £40.7 million ($62 million), driven by increased fuel charges, passenger taxes–which accounted for around 18 percent of its UK-generated ticket revenue–and the costs of restructuring, including the elimination of 490 jobs.




http://ainonline.com/aviation-news/ain-air-transport-perspective/2013-07-15/flybe-re-energized-new-fitness-regime