Flybe shares slump following second profits warning
Posted 07/10/2011
UK regional airline Flybe has seen its shares plunge 36% following its second profits warning in five months.
Shares fell to 65p on Wednesday and this morning were trading at 66p. They were listed at 295p when the airline floated last December.
Europe's biggest regional airline by routes said a recent slowdown in demand for domestic flights would hit its full-year profits. Sales for the six months to October were 1% below management expectations.
Also, forward ticket sales are up just 1% over last year, which is less than anticipated.
By Linsey McNeill
Originally published 7 Oct 2011 at: http://rss.feedsportal.com/c/398/f/5923/s/1913a0be/l/0L0Stravelmole0N0Cstories0C11496980Bphp0Dmpnlog0F1/story01.htm
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