BBC reports14 Nov 2018 05:56
Flybe aeroplaneImage copyrightSOPA IMAGES
Flybe is reported to have put itself up for sale less than a month after issuing a dramatic profit warning.
The regional airline is expected to say on Wednesday that its board is exploring a sale or a merger with a rival, according to Sky News.
Last month, the airline warned full-year losses would reach £22m due to a combination of falling consumer demand, a weaker pound and higher fuel costs.
The airline's shares have fallen by almost 75% since September.
The Exeter-based airline is now valued at around £25m, far below the £215m it was valued at when it floated on the stock exchange in 2010.