The troubles that are hitting most airlines today are seen in another airline announcing significant job losses as Flybe has announced plans to cut 500 jobs across the business, despite reporting a return to profit. The cuts are part of an effort to make £40m of savings this year and £45m in 2014-15. These latest cuts follow on from a workforce reduction of 490 in 2012-13, with a further 100 leaving in the first half of 2013-14.
Flybe is a successful regional carrier and operates a good network of internal UK flights as well as some European destinations. The airline has fleet of 96 aircraft with 28 belonging to Flybe Finland, with whom it has a joint venture with Finnish Air called Flybe Nordic and which began operating from 30 October 2011.
The airline is has clearly had problems and although it is a major carrier in Scotland through an agreement with Loganair it is now trying to focus on shoring up its core regional bases in Southampton, Manchester, Birmingham and the Channel Islands, having recently sold its Gatwick Airport runway slots to rival EasyJet for £20m.
Flybe is vital in the effort to improve growth outside of London; it also plays an essential role offering important flights from regional airports to connect airlines and airports providing long haul destinations.