The next victim in the hard-pressed airline market could be British Flybe, which is up for sale after reporting another set of weak interim figures, writes the Financial Times.

In its first half of the year, which ended last September, Flybe's pre-tax profit fell by 54 percent compared to the same period last year. Turnover fell by 2.4 percent and net debt increased by almost 40 percent to 82 million pounds.

Investors have also apparently lost confidence in the company – since a profit warning on October 16, the stock is down over 64 percent.

In connection with the interim report, the company announced that it is exploring a variety of options to combat the challenges posed by a weaker pound and rising fuel prices. The options include everything from reducing its aircraft fleet to a sale of the entire company, writes the FT.

In the report, the auditor from PwC writes that it is highly uncertain whether Flybe will be able to continue operating.

Source: di.se