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Airline reports year-end losses

The Exeter based airline Flybe has this morning announced pre-tax losses of 40.7 million pounds for the year ended in March.

The company says the disappointing performance reflects the combined impact of a further decline in the core domestic market... high fuel costs and other pressures.

Earlier this year Flybe announced a restructuring and around 300 job losses - many of them in Exeter - to try and return to profitability.

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