The Exeter based airline Flybe says it's on track to recovery and profitable growth, despite reporting an end-of-year pre-tax loss of 35.6 million pounds.
The company is one year into a three year transformation plan which has seen job losses and major cost-cutting.
A year ago it reported profits of 8.1 million pounds.
Flybe says a number of one-off and technical items mask its underlying profit performance - including a charge related to its exit from a joint venture in Finland.
Council fights unreleased Ofsted report
Authority still rated inadequate
£550,000 Christmas windfall for Brixham pool
'It's time to celebrate!'
Girl missing from Newton Abbot
Christeen Madge could be trying to go abroad
Exeter to bid for unitary status in major council shake-up
City's 'powerhouse' role key to county success
Bomb squad investigates suspicious car in Cranbrook
Homes not yet evacuated
