Flybe nosedives after profit warning

Shares of Northern Ireland's biggest airline Flybe plunged 21.5% after it warned of a 'significant shortfall' on third quarter revenue expectations this year.

Shares of Northern Ireland's biggest airline Flybe plunged 21.5% after it warned of a 'significant shortfall' on third quarter revenue expectations this year.

The group said demand for travel in its main UK market is deteriorating and the group blamed particularly poor sales in December for the shortfall in third quarter sales expectations.

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