The Exeter based airline Flybe says it's on track to recovery and profitable growth, despite reporting an end-of-year pre-tax loss of 35.6 million pounds.
The company is one year into a three year transformation plan which has seen job losses and major cost-cutting.
A year ago it reported profits of 8.1 million pounds.
Flybe says a number of one-off and technical items mask its underlying profit performance - including a charge related to its exit from a joint venture in Finland.
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