Flybe to start new review

Flybe, whose new chief executive Saad Hammad started last week, is to conduct a full review of all operations in a bid to stem losses, the firm revealed yesterday. The airline sold its Gatwick slots earlier this year and booked £2.7m in restructuring costs in the last quarter. The firm said quarterly group revenues rose 0.7 per cent to £164.2m while costs fell 2.9 per cent.