Flybe pulls out of dive as passenger numbers pick up

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The Independent Online

Flybe has slumped to a loss in maiden annual results but said bookings had improved in recent weeks.

The regional airline, which flies from airports such as Bristol, said passenger numbers were flat at 7.2 million after the year to 31 March was disrupted by Iceland's volcanic ash cloud and Arctic weather. It made a bottom-line loss of £4.3m in the year, compared with a £25m profit a year ago.