Airlines
Trulli
A Flybe Dash 8-400 (Photo: Kristian Sagia/Flickr/Creative Commons License)

Flybe Seeks New Owner as Revenues Plummet

Flybe Group has announced that it is in talks for the sale of the airline following a year of revenue loss. The U.K. regional airline has been bombarded by weakening demand and an increase in fuel costs, proving devastating to its bottom line. Earlier this year, Flybe had warned that these factors, in addition to the looming British exit from the European Union, would hurt the company’s profits, which proved to be correct. The announcement saw the stock price for the…