Flybe announce losses

The Exeter based airline Flybe has announced losses of £2.2 million, despite increasing its share of the country's passengers.

It's disappointing news for the company, which returned profits of £5.7 million last year. It blames a drop in travellers and high fuel prices.

Flybe now boasts 28% of the domestic market and says ticket sales for the summer are already up. It's announcing new routes and predicts the stronger pound will also encourage holidaymakers.

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