Flybe denies ‘financial difficulty’ report
04.08.08
Flybe has hit back over a damning report from an industry analyst that says the Exeter-based regional budget airline is one of 50 European carriers unlikely to survive the credit crunch and rising cost of fuel. A spokesman for Flybe, which carried about seven million passengers last year, has criticised the ‘unwarranted speculation’.
Flybe director Mike Rutter said: ‘It's not a gloomy outlook for Flybe, it's the exact opposite. We will shortly release record profits for last year and our first quarter profits are ahead of 2007. We are the only airline able to announce such positive results.’
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