FLYBE has warned that it could axe another 500 jobs in the latest round of cost-cutting.
The regional airline business has a number of measures to help save the airline including reviewing unprofitable routes and bases and improve aircraft and crew utilisation.
The measures are expected to save the airline £26m a year from next year, on top of previous initiatives to save £40m this year and £45m in 2014/15.
A spokesperson for the company said: ‘This will require tough decisions to be taken over the coming months and, regrettably, this proposal may result in the loss of around 500 jobs spread across the business.’
Consultation with trade union and staff association representatives on the proposals will start shortly.
The British Airline Pilots’ Association (Balpa) said it was shocked by the announcement and called on the Government to play its part by reducing the impact of Air Passenger Duty.
Balpa general secretary, Jim McAuslan, said: ‘This is a distressing day for the dedicated pilots who loyally serve Flybe and its passengers day in, day out and we will be supporting them throughout this difficult redundancy process.
‘Pilots are working with Flybe to secure the future of the airline, which is vital to connecting the country and driving growth and prosperity outside of London.’