Flybe up for sale as it faces bumpy, uncertain future

posted on 14th November 2018 by yumna
Flybe up for sale as it faces bumpy, uncertain future

Flybe is reportedly contending for a buyer just weeks after issuing a profit warning which stated its full-year losses would amount to 22m GBP.

The regional airline based in Exeter, UK, confirmed it was “in discussions with a number of strategic operators about a potential sale of the company”, according to a report by the BBC.

Not only looking for new investment and a buyer, the airline is also considering further ‘strategic options’ including axing flights as it faces falling consumer demand, a weaker GBP and higher fuel costs.

Flybe’s spokesperson noted that passengers should be reassured that tickets already purchased will face no threat and flights will not be affected.

Since September, Flybe’s share price has feel by nearly 75pc.