“Flybe is predicting it will make a loss of £12m this year.
The airline – which operates from Exeter, Guernsey and Jersey in the south west – made a £9.4m loss in the year ending 31 March 2018, and a £55.3m loss the year before.
The 2019 loss is based on predicted revenue which the board has “limited” visibility of so far.
The airline blamed “weakening” consumer demand, “higher fuel prices” and “weaker sterling”
The adverse effect of fuel prices and currency fluctuations was estimated by the company to be £29m.