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Flybe announces losses of more than £40million

Discussion in 'Latest Airline News' started by FlyerKing17, Jun 22, 2013.

  1. FlyerKing17

    FlyerKing17 Administrator

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    SOUTHAMPTON Airport’s biggest carrier, Flybe, has reported losses of more than £40m, it has been revealed.

    But the company said it had ramped up its cost-cutting drive to steady the business after a turbulent year sent it nose-diving deeper into the red.

    The carrier now hopes to make annual savings of £50m by 2014/15 after slashing more than 20 per cent of its workforce and cutting pilot pay by up to five per cent.

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