Flybe Announces Profit Loss Caused by the Icelandic Volcano
Tiffany Phillips  A lot of companies felt the pressure that was
put on them last year by the Icelandic volcano. Although the
eruption has been over for some time now, companies are still
coming forward to announce just how much money the eruption cost
them. This time it is Flybe, who finds itself in the red just
before the UK regional airline chooses to expand into
Continental Europe.  According to recent reports, Flybe saw a
pretax loss of some £4.3 million in its first full year results
since the company was able to raise £60 million through its
flotation just last December. However, it appears that investors
are not worried about this loss. In fact, shares for Flybe have
actually increased 6 percent, or the same as 10p, to 178p.  The
chief executive of Flybe, Jim French, said that the company has
estimated that the net negative impact on profits due to the
volcano has amounted to £11.6 million. This actually represents
2 percent of the company’s