Flybe profits warning wipes 40% off regional airline's value
Forecast of ‘softening’ revenues over next six months blamed on falling demand
Flybe’s shares have taken another nosedive after the regional airline issued a profits warning.
About 40% was wiped off the company’s value in trading on Wednesday after Flybe forecast “softening” revenues over the next six months due to falling consumer demand. The closing share price was just 19p.
Source: Guardian Transport