Flybe warns on first half profit, blames higher maintenance costs
LONDON (Reuters) – British regional airline Flybe <FLYB.L> warned on Wednesday that first half profit would be lower than expected, blaming higher than expected costs related to aircraft maintenance.
The firm said it now expected a first half adjusted profit before tax in the range of 5-10 million pounds, down from 15.9 million pounds in the first half of its 2016-17 year. Flybe said a full review of the maintenance strategy has now been launched which aims at a significant improvement of aircraft performance and costs.
(Reporting by James Davey; Editing by Alistair Smout)