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Flybe Group swings to H1 profit

Reuters - UK Focus

LONDON, Nov 11 (Reuters) - British airline Flybe Group (LSE: FLYB.L - news) swung to a profit in the its financial first-half, after it grew its UK regional business, cut costs under a turnaround plan and benefited from a lower fuel price.

The company reported pretax profit of 22.9 million pounds ($34.70 million)in the six months ended Sept. 30, compared to a 3.3 million pound loss in the same period last year, and said it entered the winter season with "solid momentum". ($1 = 0.6600 pounds) (Reporting by Sarah Young; editing by Costas Pitas)