By Daniel Hunter

Budget airline Flybe has seen its shares nose-dive by 22% in early trading after it announced a fall in revenue.

Passenger revenue per seat fell by 3.8% in its third quarter, the airline said. And it forecast lower passenger numbers for the next three months.

Flybe did say that it expects to break even on pre-tax profit for 2015, but admitted that falling oil prices would negatively impact the company in terms of its hedging.

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