** Shares in British regional airline Flybe Group Plc, fall as much as 22.6 pct in strong volumes onWednesday.
** The company swings to a loss before tax of GBP 15.3 mlnpounds in H1. Last year it posted a pretax profit of GBP13.8mln.
** "The interim results were below our forecasts, butdistorted significantly by several one-off issues as Flybecontinues to deal with its legacy challenges," Liberum analystGerald Khoo said in a note.
** Khoo cut forecasts to a small pre-tax loss for March 2015and by 26 pct for March 2016, citing slower capacity growth andhigher market and other costs.
** The analyst also cut Flybe's target price to 180 pencefrom 190 pence. (Reuters Messaging:aastha.agnihotri.thomsonreuters.com@reuters.net)