Scottish regional Loganair posts annual loss on Flybe split

Scottish regional carrier Loganair recorded its first annual loss for 17 years in 2017-18—the cost of a breakup with larger regional partner Flybe. Its chairman said the loss had been predicted. Glasgow-based Loganair operates a network of routes throughout the Scottish Highlands and Islands, as well as services to elsewhere in the UK and Norway. It incurred a pre-tax loss of GBP8.9m for the year ended March 31, 2018. Net loss figures were not provided. The deficit, Loganair said, was the result of the aftermath of the breakup of a franchise agreement with Exeter-based Flybe and subsequent competition from its former partner on key routes. Loganair now operates once again under its own name, after a lengthy period as a franchise operator for other carriers.<br/>