British budget airline Flybe Group has today reported a pre-tax loss for the full year, hurt by one-off costs and a charge related to its exit from a joint venture in Finland.
The carrier reported a loss before tax of £35.6m for the year ended March 31, from a profit of £8.1m a year earlier.
Revenue for the year fell 7.5% to £574.1m.
"Flybe Finland did not deliver on its expectations of generating profits in 2014/15 due to poor performance in its scheduled flying operations and therefore Flybe sold its interest in Flybe Finland for €1," the company said in a statement.
