BUZZ-Flybe: Slumps on H1 loss
** Shares in British regional airline Flybe Group Plc (LSE: FLYB.L - news) , fall as much as 22.6 pct in strong volumes on Wednesday.
** The company swings to a loss before tax of GBP 15.3 mln pounds in H1. Last year it posted a pretax profit of GBP13.8 mln.
** "The interim results were below our forecasts, but distorted significantly by several one-off issues as Flybe continues to deal with its legacy challenges," Liberum analyst Gerald Khoo said in a note.
** Khoo cut forecasts to a small pre-tax loss for March 2015 and by 26 pct for March 2016, citing slower capacity growth and higher market and other costs.
** The analyst also cut Flybe's target price to 180 pence from 190 pence. (Reuters Messaging: aastha.agnihotri.thomsonreuters.com@reuters.net)